- Dollar surges versus Yen, and our sentiment-based trading systems buy
- Those same strategies are likely to sell the Aussie Dollar and buy the British Pound
- Steady crowd sentiment gives us fairly clear trading biases on key pairs
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our proprietary retail forex trader data shows that the majority of traders are heavily long the Japanese Yen (short USDJPY, GBPJPY), Gold prices, and the Australian Dollar.
A contrarian view of crowd sentiment has led our retail FX sentiment-based strategiesto go in the opposite direction and buy USDJPY, while the same systems are likely to continue selling into AUDUSD weakness.
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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