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GVI Forex Jay  12:53:38 GMT - 12/20/2011  
I was surprised to see only around 40% of the forecasts below 1.30 and around 60% above this level given a consensus calling for a weaker eurusd next year.

One word of caution - this week is often one characterized by book squaring and next week one by positioning for the new year so don't misconstrue a correction for a shift in sentiment.


GVI Forex john  12:45:41 GMT - 12/20/2011  
Distribution of forecasts is interesting. If you toss out the tail of forecasts below 1.2500 and use 1.3000 as the zero line, the bias is for a higher EURUSD to the 1.31 to 1.33 level. Very Interesting in terms of trader sentiment. Counter-intuitive?


GVI Forex Chart  11:56:02 GMT - 12/20/2011  
 
Histogram of contest yearend forecasts


GVI Forex Jay  20:03:12 GMT - 12/17/2011  

-- End of Year Contest--

Forecast the 2011 closing EURUSD rate and win $250. Click on the following link for details and to submit your entry. Deadline is Monday at 22:00 GMT

Submit your forecast





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