Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

David Rodriguez
April 17, 2014

- 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

ssi_table_story_body_Picture_5.png, Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound
ssi_table_story_body_Picture_5.png, Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

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.

SSI summary
SSI summary
ssi_table_story_body_Picture_9.png, Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound
ssi_table_story_body_Picture_9.png, Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

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

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