Euro Rallies Post-ECB, but GBP and US Dollar at Risk versus Yen
- Retail FX crowd sentiment favors important USDJPY and GBPUSD reversals
- The post-ECB surge warns against betting on further EURUSD weakness
- Despite recent rallies, retail positions favor AUDUSD and Gold price weakness
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View individual currency sections:
EURUSD - Euro Surges Post-ECB. Where does this Leave Us?
GBPUSD - British Pound Rally May Fail on Swing in Sentiment
USDJPY - Japanese Yen Forecast Calls for Further Strength
Gold - Gold Bounces but We See Further Declines in Store
SPX500 - S&P 500’s Sharp Declines Warn of Further Downside
AUDUSD - Australian Dollar Downtrend Remains Intact
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Crowd sentiment warns that the Japanese Yen and British Pound have turned versus the Dollar. Yet the Euro holds firm post-ECB. What are we trading?
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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