Thursday July 12, 2007 - 14:17:15 GMT
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Forex: GVI Monthly Forex Survey Analysis courtesy Cumino
EUR USD 3 months: 1st day close 1.3624(1.3487), av. responses 1.3542(1.3435), Adjusted boundaries 1.34-1.39(1.33-1.38).
GVI 38%(40%) COMPONENTS: 26%70%3%(22%75%3%). DRY INDEX: 38%(27%). Roughly unchanged. Previous advice (buy dips) proved right. not the same indications now
USD JPY 3 months: 1st day close 123.33(121.81), av. responses 122.27(120.24), Adjusted boundaries 119-124(118-123).
GVI: 65%(50%) COMPONENTS: 9%53%38%(18%65%17%) DRY INDEX: 62%(43%).
Very USD bullish. Neutrals diminished. At least from the Survey point of view the risk is 120 or lower.
The previous comment was correct indicating new highs in EUR-JPY.
OIL 3 months: 1st day close 72.19(66.21), av. responses 71.56(67.79), Adjusted boundaries 67-77(61-71).
Neutral in absolute terms. Neutral components near all time highs.
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