– US Dollar uptrend remains intact as it reverses off of key lows
– A steady shift in FX trading crowd positions points to further Greenback strength
– See full analysis below in individual currency sections
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View individual currency sections:
EURUSD – Euro at Clear Risk of Further Declines
GBPUSD – British Pound Remains a Sell versus the Dollar
USDJPY – USD Looks like a Buy versus the Yen
AUDUSD – Australian Dollar Likely to Break Lower versus Greenback
NZDUSD – New Zealand Dollar Targets Fresh Lows
GBPJPY – British Pound Could Trade Higher versus Japanese Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar remains a buy as our FX trader data shows it is likely to continue higher versus the Euro, Sterling, and Yen. Here’s what we’re watching.
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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