Euro and Australian Dollar May Tumble versus US Dollar and Yen
- Euro and Australian Dollar at material risk of further near-term weakness
- Japanese Yen looks coiled up for important move higher
- Keep an eye on Gold prices and US Dollar at these levels
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View individual currency sections:
EURUSD - Euro Forecast favors Weakness
GBPUSD - We Favor British Pound Gains Until this Level Gives Way
USDJPY - Dollar Remains at Clear Risk versus the Japanese Yen
AUDUSD - Australian Dollar Forecast Favors Continued Weakness
GOLD - Gold at Material Risk of Further Breakdown
EURJPY - Further Euro Weakness Likely versus Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The Euro and Australian Dollar remain at important risk of declines versus the Japanese Yen and US Dollar. Here are the key factors we’re watching.
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.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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