– Important shifts in retail forex sentiment favor continued Dollar strength
– The Euro, British Pound, Japanese Yen, Gold Prices, and the New Zealand Dollar look vulnerable
-We need to see the DJ FXCM Dollar Index breach key resistance to confirm shift
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
View individual currency sections:
EURUSD – Euro Targets Lows as Crowds Buy into Post-ECB Tumble
GBPUSD – British Pound Likely Trades Lower for These Reasons
USDJPY – Dollar Forecast to Test Fresh Multi-Year Highs versus Yen
NZDUSD – New Zealand Dollar May Have Finally Turned
GOLD – Gold Prices See no Relief in Sight as Further Lows likely
USDCHF – Swiss Franc is no Match as US Dollar takes Center Stage
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Traders got it right once more as they positioned for a Dollar bounce. Why might the Greenback continue higher versus the Euro, Sterling, JPY, Gold, and NZD?
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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