Forex Positioning Warns that the US Dollar May Lose Further
- Crowds remain aggressively short the US Dollar, we look for further Euro, Gold, and GBP declines
- Watch for a potential Dollar pullback versus the New Zealand Dollar, however
- Why do we use retail sentiment as a contrarian indicator? View our guide and download here
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail FX traders remain aggressively long the US Dollar versus the Euro, British Pound, Canadian Dollar, and Gold prices. Until this changes we remain in favor of buying into USD gains.
Why and how do we use the SSI in trading? View our video and download the free indicator here
--- 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.