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Forex Positioning Warns that the US Dollar May Lose Further

Forex Positioning Warns that the US Dollar May Lose Further

David Rodriguez, Head of Product

- 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

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Forecast Turns Bearish as Crowds Buy

GBPUSD - British Pound Expected to Trade Lower

USDCAD - US Dollar Likely to Strengthen versus Canadian Dollar

SPX500 - S&P 500 Remains in Position to Rally

NZDUSD - New Zealand Dollar Outlook Remains Positive

XAUUSD - Gold Price Forecast to Fall Further versus Dollar

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Forex Positioning Warns that the US Dollar May Lose Further

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

Forex Positioning Warns that the US Dollar May Lose Further

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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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