– Forex trading crowds continue buying Euro and Aussie Dollar weakness
– A contrarian view of mass psychology leaves us in favor of further declines
– Tomorrow’s NFPs are a risk but Dollar looks like a buy
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View individual currency sections:
EURUSD – Euro Likely Set Major Top – What’s Next?
GBPUSD – British Pound Remains a Buy versus US Dollar
EURJPY- Japanese Yen May Yet Trade Higher versus Euro
Gold – Prices Remain a Sell For These Two Reasons
SPX500 – Isn’t Giving Up Just Yet
AUDUSD – Australian Dollar at Make-or-Break Levels
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Forex traders continue buying into Euro and Aussie Dollar weakness versus the US Dollar and JPY. Why do we think the EURUSD and AUDUSD head lower into key US NFPs data?
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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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