US Dollar Looks like a Buy versus Euro, Yen, and Sterling

- 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.

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

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US Dollar Looks like a Buy versus Euro, Yen, and Sterling