(MENAFN- DailyFX) DailyFX.com -
- Dollar likely to continue to fresh highs on major shifts in forex sentiment
- Japanese Yen, Euro, and Sterling look at particular risk of losses
- Keep an eye at Commodity Bloc at these levels
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View individual currency sections:
EURUSD - Euro Positions at Record, Further Losses Seem Likely
GBPUSD - British Pound Breakdown Confirmed, Look for Losses
USDJPY - Key Factors Favor a Much Larger USDJPY Breakout
AUDUSD - Australian Dollar Poised for Further Losses
SPX500 - Need to See a Larger Move to Confirm S&P 500 Top
NZDUSD - New Zealand Dollar at Clear Risk of Further Losses
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Record positions in the US Dollar warn that we’re at a substantial turning point, but until this changes we’ll remain in favor of buying USD at these levels.
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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