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Major Shift in FX Trader Positions Warns of US Dollar Weakness
DailyFX.com -
- US Dollar remains at risk of continued losses versus Euro, Japanese Yen
- Gold prices likely set important low and may continue higher
- See full analysis below in individual currency sections
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View individual currency sections:
EURUSD - Euro Looks like a Buy, but Watch Reactions at $1.12
GBPUSD - British Pound at Continued Risk of Declines Until this Changes
USDJPY - US Dollar at Risk of Larger Declines versus Japanese Yen
AUDUSD - Australian Dollar Forecast to Hit Fresh Lows
NZDUSD - New Zealand Dollar Likely to Trade Lower
XAUUSD - Gold Prices Look like a Buy versus US Dollar
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar looks likely to hit fresh lows versus the Euro, Japanese Yen, and Gold prices until this changes.
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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.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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