Euro and Australian Dollar May Tumble versus US Dollar and Yen

- Euro and Australian Dollar at material risk of further near-term weakness

- Japanese Yen looks coiled up for important move higher

- Keep an eye on Gold prices and US Dollar at these levels

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD – Euro Forecast favors Weakness

GBPUSD – We Favor British Pound Gains Until this Level Gives Way

USDJPY – Dollar Remains at Clear Risk versus the Japanese Yen

AUDUSD – Australian Dollar Forecast Favors Continued Weakness

GOLD – Gold at Material Risk of Further Breakdown

EURJPY – Further Euro Weakness Likely versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

The Euro and Australian Dollar remain at important risk of declines versus the Japanese Yen and US Dollar. Here are the key factors we’re watching.

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.

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Euro and Australian Dollar May Tumble versus US Dollar and Yen