Wednesday August 8, 2007 - 13:43:46 GMT
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global-view.com - www.global-view.com
Global-View.com-- Monthly Forex Survey Results
In the August monthly sentiment survey of professional forex dealers by global-view.com, the leading forex discussion website, sentiment for the USD against the EUR has deteriorated. The three-month ahead mean forecast for EUR/USD was 1.3853 from 1.3542 a month earlier. The EURUSD spot price at the mid-point (August 6 close) of when the survey was being conducted was 1.3795.
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 51 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 forecast deteriorated to 116.40 from 122.27 one month ago. The USD/JPY spot rate at the mid-point of when the survey was being conducted was 118.91. The GVI-Cumino dollar bull index turned more USD bearish. It was 33 after 37.
Traders expect the price of crude oil (WTI) to close at $75.56 in three-months time from the current spot vs. the previous $71.33 estimate.
In a special question, participants were asked how many rate cuts they expect from the Fed before yearend. 30% said none, 58% saw one, while 12% saw two.
For complete detailed survey results including history see:
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