Our Sentiment Data Leaves us in Favor of Selling US Dollar Weakness
- Retail forex trading crowds remain heavily long US Dollar
- Contrarian view of sentiment leaves us in favor of selling Dollar weakness
- 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:
EURUSD - Forex Crowd Positioning Leaves us in Favor of Euro Strength
GBPUSD - British Pound Forecast Unclear Given Election Risk
USDJPY - Crowd Sentiment Points to USDJPY Weakness
AUDUSD - Australian Dollar May Rally Further as Crowds Sell
NZDUSD - New Zealand Dollar Sentiment Points to Weakness
GBPJPY - British Pound Forecast to Gain versus Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
One-sided forex trading crowd sentiment continues to point to US Dollar weakness versus the Euro. Until this changes we like buying EUR/USD dips.
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
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.