Heavily One-Sided Sentiment Points to British Pound Weakness
- Retail FX traders buying aggressively into Sterling declines versus US Dollar
- Euro forecast somewhat unclear as traders take profits on open short positions
- See full analysis below in individual currency sections
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex traders continue buying aggressively into British Pound weakness, and a contrarian view of crowd sentiment leaves us watching for further weakness.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.