What does Retail Forex Sentiment Say about the Dollar Ahead of the Fed?

DailyFX.com -

- Retail FX traders remain heavily long US Dollar versus Yen and Euro ahead of Fed decision

- Next moves in USD pairs and sentiment likely to prove pivotal. Here’s what we’re watching

- Why do we use retail sentiment as a contrarian indicator? View our video guide

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Risks to Topside, but FOMC Decision Remains Critical

GBPUSD - British Pound May Drop, but We’re Waiting for Bigger Shift in Sentiment

USDJPY - We’ll Wait to See Major US Dollar Breakout versus the Yen

AUDUSD - Australian Dollar Downtrend Intact, but for How Long?

NZDUSD - New Zealand Dollar Forecast Remains Cautiously Bearish

XAUUSD - Gold Prices Show Signs of Life

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

What does Retail Forex Sentiment Say about the Dollar Ahead of the Fed?

The US Dollar is at a potential turning point ahead of the US Federal Reserve interest rate decision. Here is what our retail FX trader data is telling us.

View Real-Time SSI Updates via the FXCM Trading Station Desktop

See a video on how we use the Speculative Sentiment Index in our trading

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.

What does Retail Forex Sentiment Say about the Dollar Ahead of the Fed?

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.