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Our Sentiment Data Leaves us in Favor of Selling US Dollar Weakness

Our Sentiment Data Leaves us in Favor of Selling US Dollar Weakness

David Rodriguez, Head of Product

- 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

Our Sentiment Data Leaves us in Favor of Selling US Dollar Weakness

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.

Our Sentiment Data Leaves us in Favor of Selling US Dollar Weakness

--- 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.

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