– Retail forex traders have never been more long the US Dollar versus major counterparts
– A break in key price levels alongside sentiment extremes points to big FX moves
– Our focus remains on Dollar versus European pairs and the New Zealand Dollar
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View individual currency sections:
EURUSD – Euro Surge Looks Promising as Forex Positions at Record
GBPUSD – British Pound Remains at Risk versus Euro, Dollar
USDJPY – US Dollar Finally Looks Like a Buy versus Japanese Yen
NZDUSD – NZ Dollar at Risk as Positioning Hits Major Extreme
SPX500 – SP 500 Dips Should be Bought
USDCHF – Swiss Franc Reversal Trade Remains Attractive
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
FX trading crowds have never been more long the US Dollar versus the Euro or New Zealand Dollar. Why might this point to a big USD reversal and major volatility?
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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