Yahoo Finance 
US Dollar May have Finally Turned versus Euro and Japanese Yen
DailyFX.com -
- A sharp Euro and Yen bounce leads to a significant shift in retail forex positioning
- The sharp shift in sentiment warns that the US Dollar may have set an important top
- See full analysis below in individual currency sections
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View individual currency sections:
EURUSD - Euro Finally Shows Signs of a Lasting Turn
GBPUSD - British Pound Declines Slow but not Over Yet
USDJPY - Japanese Yen May Have Set Important Low versus Dollar
AUDUSD - Australian Dollar Remains a Sell until this Changes
NZDUSD - New Zealand Dollar May Finally Turn Higher
GBPJPY - Sterling Remains a buy versus Japanese Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar may have set a lasting top, and indeed we’re looking for opportunities to trade the potentially significant turn in the USDJPY, EURUSD, and NZDUSD.
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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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