Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound
- Forex trading crowd remains aggressively long the US Dollar across major counterparts
- One-sided ‘herd’ positioning leaves our focus on the EURUSD, GBPUSD, and USDJPY
- Dollar may nonetheless outperform versus Gold prices and Aussie$ looks at risk
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View individual currency sections:
EURUSD - Euro Remains in the Driver's Seat versus US Dollar
GBPUSD - British Pound Gains are Slowing but Not Likely Over
USDJPY - US Dollar Remains at Risk versus the Japanese Yen
EURJPY - Euro Forecast Bullish versus the Japanese Yen
GOLD - Gold Prices Likely to Trade Lower as Recovery Falls Flat
AUDUSD - Australian Dollar Rally at Clear Risk on Two Factors
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The forex trading crowd remains aggressively long the US Dollar versus the Euro, GBP, and JPY. We see further room for EURUSD and GBPUSD highs, fresh USDJPY lows.
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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