Dollar Poised to Fall Further, While S&P 500 Looks like a Buy
EURUSD - Euro Remains Likely to Test Key Highs
GBPUSD - Recent Moves Confirm End to British Pound Downtrend
USDJPY - US Dollar Forecast to Fall Further versus Yen
XAUUSD - Gold Price Likely to hit Key Peaks
DAX - German DAX Uptrend Remains Intact
S&P - S&P 500 Looks to Rally onto Fresh Highs
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail FX and CFD traders remain heavily long the US Dollar and short the S&P 500. We think the USD/JPY falls further, but the S&P could continue onto fresh peaks.
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--- 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.