Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Positioning Shifts Leaves USD on Neutral Footing versus EUR, AUD, GBP

Positioning Shifts Leaves USD on Neutral Footing versus EUR, AUD, GBP

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Retail crowd reduces net-long USD position against AUD, EUR, GBP.

- USDJPY positioning still favors further downside in the pair.

- Gold will struggle to rally as crowd remains net-long.

View individual currency sections:

EURUSD – Minor Shift in Crowd Positioning Leaves Euro Outlook Mixed

GBPUSD - British Pound Forecast Neutralized after Big Shift in Positioning

USDJPY – Japanese Yen Remains Favorable versus US Dollar

AUDUSD - Australian Dollar Decline May Be Nearing Short-term Turn

NZDUSD - New Zealand Dollar Losses Forecast to Continue

XAUUSD - Gold Lacks Luster as Positioning Calls for More Losses

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

The week before the Federal Reserve meets for its highly anticipated September policy meeting, the retail crowd is already scaling back long US Dollar exposure. Accordingly, our AUDUSD, EURUSD, and GBPUSD forecasts have been neutralized ahead of what should be a tense week in the run up to the September 17 meeting.

View Real-Time SSI Updates via the FXCM Trading Station Desktop

See a video on how we use the Speculative Sentiment Index in our trading

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES