Retail forex traders remain aggressively net-short the US Dollar (ticker: USDOLLAR) against the Swiss Franc as it presses to fresh highs, and such one-sided sentiment gives contrarian signal that the pair may continue to strengthen. Traders first turned net-short the USDCHF as it crossed above SFr 0.9300 through early May. The same crowds briefly turned net-long USD as the pair fell through mid-June, but they’ve since returned to their bearish position.
Read this newsletter in your browser . Forex Trading Newsletter | June 26th, 2011 DailyForex.com Q3 2011- New Outlooks, New Tools Q3 2011 begins at the end of this week, but for most Forex traders, looking backwards is the only way to prepare for the changes ahead. Amid speculation that the Bank of England will keep interest rates down, the British Pound posted its fourth week of consecutive declines against
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