Wednesday October 6, 2004 - 18:22:27 GMT
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Global-View - www.global-view.com
GVI BiWeekly Forex Survey Results
Professional forex traders, in the biweekly survey conducted by Global-View.com, predicted the eur/$ would end the year at 1.2326 and the $/yen at 110.08. This compares to mean forecasts of 1.2397 and 109.01 for that date in the previous survey on September 22.
Mean forecasted values for the eur/$ and $/yen on October 15 were 1.2253 and 110.60.
In the tracking survey of who traders thought would win the presidential election in November, 66% thought Bush would win and 34% favored Kerry. This compares to an 81% to 19% outcome before the first presidential debate.
A strong majority of 75% felt that fed funds would end the year at 2.0%, compared to 76% on September 22.
The mean end of year forecasted value for Crude Oil (WTI) rose to $45.97, after $44.06 on September 22.
The Global-View.com poll survey received responses from 73 forex professionals and was conducted on October 5 and 6.
For complete survey results and history go to CLICK HERE
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