Major Shift in Forex Trader Behavior Points to US Dollar Weakness

- Retail FX traders buying aggressively into US Dollar weakness

- Contrarian view of crowd sentiment leaves us in favor of further Dollar weakness

- See full analysis below in individual currency sections

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View individual currency sections:

EURUSD - Retail FX Sentiment Points to Further Euro Strength

GBPUSD - Shift in Forex Trader Sentiment Favors British Pound Strength

USDJPY - Build in US Dollar Buying Points to USDJPY Declines

AUDUSD - Australian Dollar at Cusp of Reversal

NZDUSD - New Zealand Dollar Forecast to Rally Further

GBPJPY - British Pound Targets Fresh Lows versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

An aggressive shift towards crowd buying leaves us firmly in favor of continued US Dollar weakness—particularly versus the Euro, Sterling, and New Zealand Dollar.

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.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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