- EURUSD – Euro Forecast to Fall to Fresh Lows
- GBPUSD – British Pound Could Weaken Further
- USDJPY – Yen Outlook Unclear on Mixed Sentiment
- USDCHF – Swiss Franc approaching to Fall Further
- USDCAD – Canadian Dollar Forecast Unclear
- GBPJPY – British Pound Declines May Continue vs. JPY
Forex trading crowds have sole aggressively into US Dollar (ticker: USDOLLAR) rallies, giving contrarian vigilance that a Euro/US Dollar span could tumble to uninformed lows as a Greenback enjoys a pointy resurgence.
The series of traders prolonged a Euro opposite a US Dollar jumped a poignant 19 percent overnight, while a series brief fell 12 percent. The net outcome is that traders are aggressively prolonged a EURUSD, and such shifts in view utterly mostly convey serve Euro losses.
Much a same can be pronounced for a British Pound/US Dollar and other pivotal USD banking pairs; sell trading crowds are aggressively selling a US currency. The pointy shifts in view preference serve US Dollar gains.
View an FXCM Expo display on a Speculative Sentiment Index for improved bargain on how we use it in a trading.
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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
To accept a SSI around e-mail and other reports from author David Rodríguez, e-mail theme line “Distribution List” to drodriguez@dailyfx.com
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