Warning Signs Clear - Watch for Further USD, JPY Strength, S&P Losses

DailyFX

We’ll be the first to admit when we’re wrong, but our retail sentiment-based predictions have been on point as we’ve called for major USD strength. What now?

View individual currency sections:

EURUSD - Euro Bounce Presents Attractive Selling Opportunity

GBPUSD - British Pound Sees Nowhere to go but Down

USDJPY - Japanese Yen Bounce Probably only the Beginning

Gold - Gold Prices Will Likely Continue Lower

SPX500 - SPX500 Probably Set a Significant Top

AUDUSD - Australian Dollar Poised for Larger and Faster Declines

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

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Last week we wrote plainly in favor of further US Dollar gains and even a potential Japanese Yen reversal. And though we’ll plainly admit that we’re probably more often wrong than right, we think this is only the beginning of USD and JPY strength.

DailyFX is the research arm of parent company FXCM Inc (FXCM), which gives us access to (anonymous) retail sentiment data. It’s this insider data that has historically given our (freely available to clients) sentiment-based systems an edge.

When there are so many signs pointing to the potential for a US Dollar surge, Japanese Yen reversal, and AUD/S&P 500 tumble we can’t emphasize enough that this could be a huge week/month/quarter for forex and broader financial markets.

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--- 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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