Thursday March 10, 2005 - 15:40:50 GMT
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Global-View - www.global-view.com
GVI BiWeekly Forex professionals' Survey Results
In the latest bi-weekly sentiment survey of professional forex dealers by global-view.com, the leading forex discussion site, sentiment for the dollar worsened against the euro. The three month ahead forecast for EURUSD was a mean 1.3321 from 1.3112 two weeks earlier. The EURUSD spot price at the mid-point of when the survey was being conducted was 1.3340.
The GVI-Cumino dollar bull index (0-100 50=neutral) turned neutral the EURUSD after the recent change in the spot rate to 53 from 38 previously. The GVI-Cumino index measures the intensity and direction of individual trader sentiment from price levels as of the time when forecasts were made.
The USDJPY mean dollar forecast weakened to 103.22 from 104.02 two weeks earlier. The USDJPY spot rate at the mid-point of when the survey was being conducted was 104.75. The GVI-Cumino dollar bull index turned more bearish the dollar from current levels from two weeks earlier. It was 40 from 55 on March 23.
Traders expect the price of crude oil to remain roughly stable at $53.47 in 3 months from the current spot vs. the previous $48.86 estimate.
In special question, 86% to 13% of the respondents said they thought the EURUSD would trade at 1.35 before it trades at 1.25.
When asked whether the EURUSD would trade at 1.40 or 1.20 first, the split was 64% to 21%, with 15% expecting neither in 2005.
For complete survey results see:
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