EURUSD – Sentiment Eases as Euro Falls Back Versus Dollar, Pound
GBPUSD – More Strength in Forecast for British Pound
USDJPY – Retail Traders Become Less Bullish Despite Rebound from Recent Lows
GOLD – Modest Positioning Suggests Gold Will Continue to Lose its Luster
SPX500 – Recent Dip Scares Away SP500 Bears
AUDUSD – Correction May Be Finished as AUDUSD Sentiment Widens Again
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Retail forex traders have eased away from their extreme Euro-bearishness, after last week’s data showed an all-time record with nearly 4 sell orders for every long. The shift in sentiment across the board the past week sees a mixed view of the US Dollar overall, though the British Pound may be best positioned to take advantage of any US Dollar strength henceforth.
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— Written by Christopher Vecchio, Currency Analyst
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