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US Dollar Forecast to Fall Even Further across the Board

US Dollar Forecast to Fall Even Further across the Board

2017-05-30 15:20:00
David Rodriguez, Head of Business Development
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EURUSD - Euro Expected to Rally Further versus Downtrodden US Dollar

GBPUSD - British Pound Forecast May Change on Trader Sentiment

USDJPY - US Dollar Likely to Continue Lower versus Japanese Yen

Spot Gold - Gold Price Rally Likely to Continue until this Changes

AUDUSD - Australian Dollar Remains a Buy until this Changes

S&P 500 - S&P Remains Likely to Hit Further Record Highs

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar Forecast to Fall Even Further across the Board

IG Client Sentiment data warns the US Dollar may continue lower against the Euro, Australian Dollar, Japanese Yen, and Gold Prices. The summary table underlines that traders remain broadly long US Dollar—a contrarian signal to go short. View individual currency rundowns in the links above.

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

--- Written by David Rodriguez, Senior 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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