AUD/USD Tumble May Just Be the Start; EUR/USD Rally Favored

| 16 januari, 2014 | 0 kommentarer

Talking Points

US Dollar coming back into favor among retail traders.

Australian Dollar sentiment shifts signal further losses.

– Recent trends likely to persist in absence of major event risk the remainder of the week.

View individual currency sections:

EURUSD – Retail Crowd Retains Enthusiasm for Shorting EURUSD

GBPUSD – Neutral Outlook as Pound Rally Stalls, Retail Moderates Positioning

EURJPY – Further Near-term Gains in Question for EURJPY

XAUUSD – Retail Attitudes Changing Towards Gold, but SSI Systems not Bullish Yet

SPX500 – Lingering Doubt over the Strength of the SP 500’s Rally a Bullish Backdrop

AUDUSD – Technical Breakdown Invites New AUDUSD Sellers

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_1.png, AUD/USD Tumble May Just Be the Start; EUR/USD Rally Favored

Retail forex traders have been adding long US Dollar positions over the past several days, with the bulk of buying occurring in the wake of the weakest US labor market report since January 2011. The clearest opportunities in the market right now may be in the EURUSD, AUDUSD, and SP 500.

ssi_table_story_body_x0000_i1026.png, AUD/USD Tumble May Just Be the Start; EUR/USD Rally Favored

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— Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail [email protected]

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Kategori: Analys från DailyFX

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