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Forex Trader Sentiment Leaves us in Favor of Selling US Dollar

Forex Trader Sentiment Leaves us in Favor of Selling US Dollar

David Rodriguez, Head of Product

- Aggressively one-sided retail forex positioning points to US Dollar losses

- We like buying into Euro and British Pound dips, selling USDJPY rallies

- 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 - Euro Forecast to Gain further versus US Dollar

GBPUSD - British Pound Likely to Hit Fresh Highs

USDJPY - US Dollar at Risk of Further Declines versus Yen

AUDUSD - Australian Dollar Forecast Remains Bullish

NZDUSD - New Zealand Dollar in Position to Gain

GBPJPY - British Pound Forecast to Rally against Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Forex Trader Sentiment Leaves us in Favor of Selling US Dollar

Forex trading crowds remain heavily long the US Dollar versus the Euro, Sterling, Yen, AUD, and NZD. We maintain a contrarian bias to sell into USD bounces.

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.

Forex Trader Sentiment Leaves us in Favor of Selling US Dollar

--- 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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