Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

DailyFX.com -

EURUSD - Euro Remains Likely to Test Key Highs

GBPUSD - Recent Moves Confirm End to British Pound Downtrend

USDJPY - US Dollar Forecast to Fall Further versus Yen

XAUUSD - Gold Price Likely to hit Key Peaks

DAX - German DAX Uptrend Remains Intact

S&P - S&P 500 Looks to Rally onto Fresh Highs

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Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

Retail FX and CFD traders remain heavily long the US Dollar and short the S&P 500. We think the USD/JPY falls further, but the S&P could continue onto fresh peaks.

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Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

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

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