US Dollar Likely to Hit Fresh Highs versus GBP, AUD, but Watch Euro, JPYs
- US Dollar in position to rally further versus AUD, GBP, and Gold
- We’re watching key risks in the Euro and Japanese Yen
- Why do we use retail sentiment as a contrarian indicator? View our video guide
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View individual currency sections:
EURUSD - Euro at Clear Risk for Further Declines
GBPUSD - British Pound Forecast to Hit Fresh Lows
USDJPY - US Dollar at Risk versus Yen, but Losses Far from Guaranteed
AUDUSD - Australian Dollar Likely to Decline until this Changes
NZDUSD - New Zealand Dollar Forecast to Decline Further
XAUUSD - Gold Prices Likely to Fall Further
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar remains in position to hit further highs versus the British Pound, Australian Dollar, and Gold prices. But watch for risks in the Euro and Japanese Yen.
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See a video on how we use the Speculative Sentiment Index in our trading
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.