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