Wednesday February 7, 2007 - 15:27:06 GMT
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Global-View - www.global-view.com
GVI Monthly Forex Poll Results
In the February monthly sentiment survey of professional forex dealers by global-view.com, the leading forex discussion website, sentiment for the USD against the EUR has improved. The three-month ahead mean forecast for EUR/USD was 1.2982 from 1.3033 a month earlier. The EURUSD spot price at the mid-point (February 6 close) of when the survey was being conducted was 1.2928.
The GVI-Cumino Euro bull index (Range 0-100; 0 = most bearish, 100 = most bullish, 50 = neutral) was about steady in the EUR/USD at 56 from 54 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 improved to 118.86 from 115.47 one month ago. The USD/JPY spot rate at the mid-point of when the survey was being conducted was 120.33. The GVI-Cumino dollar bull index turned less USD bearish. It was 39 after 27.
Traders expect the price of crude oil (WTI) to close at $61.44 in three-months time from the current spot vs. the previous $59.81 estimate.
In a special question, participants were asked they expected the G7 this weekend to take concrete action to bolster the JPY. 80% said no, while 20% said yes.
For complete detailed survey results including history see:
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