FX Crowd Positions Point to Continued US Dollar Losses, Euro Gains
- Retail FX traders remain broadly long the US Dollar
- Contrarian view of crowd sentiment leaves us in favor of buying into Euro gains, selling Dollar bounces
- See full analysis below in individual currency sections
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our retail forex sentiment data shows that crowds continue to buy into Dollar declines. We see this as contrarian signal to sell into Dollar bounces, buy dips in the Euro.
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.