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Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

2016-04-28 16:20:00
David Rodriguez, Head of Product
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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

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

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

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.

Why and how do we use the SSI in trading? View our video and download the free indicator here

Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

--- 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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