Wednesday June 6, 2007 - 14:18:59 GMT
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Global-View - www.global-view.com
GVI Monthly Forex Poll
In the June monthly forex spot rate sentiment survey of professional forex dealers by global-view.com, the leading forex discussion website, sentiment for the USD against the EUR has worsened. The three-month ahead mean currency spot rate forecast for EUR/USD was 1.3435 from 1.3721 a month earlier. The EUR/USD spot price at the mid-point (June 4 close) of when the survey was being conducted was 1.3487.
The GVI-Cumino Euro bull index (Range 0-100; 0 = most bearish, 100 = most bullish, 50 = neutral) was steady in the EUR/USD at 46 from 48 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 forex spot rate forecast improved to 120.24 from 118.17 one month ago. The USD/JPY currency spot rate at the mid-point of when the survey was being conducted was 121.80. The GVI-Cumino dollar bull index was 43 after 44.
Traders expect the price of crude oil (WTI) to close at $67.79 in three-months time from the current spot vs. the previous $69.00 estimate.
In a special question, 14% said they felt that the Fed Funds rate would end below the current 5.25% at yearend, 63% expect no change and 22% saw higher rates.
For complete detailed survey results including history see:
monthly forex spot rate survey
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