Monday April 19, 2010 - 15:44:48 GMT
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Global-View - www.global-view.com
SNAP GVI Forex Professional Trader Forex Survey
Apr 19 (global-view.com) The unanimous view of the respondents to the weekly GVI Forex snap poll was for the EURUSD to close Friday in Europe below 1.3500. This is the opinion of a highly select group of professional forex traders polled by global-view on Monday April 19. The dominant factor expected to influence trade in the EURUSD again this week was the Greek debt situation and a mounting fear of a debt contagion in the Eurozone. Another strong influence cited on Monday was the current Goldman Sachs civil charges brought by the SEC last Friday.
There was a wide evenly distributed range of estimates for the Friday European close in USDJPY from below 91.00 to above 94.00, according to the USDJPY poll conducted at the same time. A dominant factor expected to influence USDJPY trade this week was thought to be carry trade unwinds and risk aversion. On the other hand, generalized USD strength and a weak JPY policy were cited as weights on the unit. Some were still focused on an impending forex policy decision on the CNY by China.
Global-View.com cautions that this survey is a snapshot of current sentiment and that forex market sentiment tends to be dynamic. This means that forex market sentiment will evolve over time.
GVI Forex is a private subscription service of Global-view.com. GVI Forex posters are limited to experienced traders. The service is open for viewing by traders of all levels of experience. This weekly sentiment poll is conducted on Mondays for the close of that week and is intended for forex trading. The focus of this sentiment snapshot is on expected directional movements in the EURUSD and USDJPY pairs and on what factors are currently in play for the select group of fund managers and institutional and private traders invited to participate.
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