Wednesday March 8, 2006 - 15:12:00 GMT
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Global-View - www.global-view.com
FOREX: GVI Monthy Forex Survey Results
In the latest monthly sentiment survey of professional forex dealers by global-view.com, the leading forex discussion site, sentiment for the dollar was almost neutral against the euro. The three month ahead mean forecast for EURUSD was 1.1905 from 1.1987 a month earlier. The EURUSD spot price at the mid-point (March 7 close) of when the survey was being conducted was 1.2020.
The GVI-Cumino dollar bull index (Range 0-100; 0 = most bearish, 100 = most bullish, 50 = neutral) remained virtually neutral the EUR/USD at 48 from 45 previously. The GVI-Cumino index uses a theoretical neutral option strategy to measure the intensity and direction of individual trader sentiment from price levels at the time when forecasts were made.
The USD/JPY mean dollar forecast was unchanged at 117.65 from 117.68 one month ago. The USD/JPY spot rate at the mid-point of when the survey was being conducted was 117.50. The GVI-Cumino dollar bull index turned neutral. It was 47 after 69.
Traders expect the price of crude oil to close at $61.87 in three months time from the current spot vs. the previous $62.30 estimate.
In a special question, participants were asked where they felt the European Central Bank refi rate target would end the year, 72% said 3.0%, 24% said 2.75% and 3% had other responses.
For complete detailed survey results including history see:
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