New York, New York (PRWEB) January 15, 2014
EURO is set to weaken according to members of the forex trading community. Global Traders Association announces results of its 2014 Forex and Global Markets Survey.
The annual Forex and Global Markets Survey received responses from 102 global traders and was conducted from January 4 to January 13. One goal of the survey was to gauge sentiment as to whether 2013 trends would continue into 2014. The following are survey results:
THE 2014 HIGH FOR USDJPY WILL BE:
Trader sentiment was bullish for the USDJPY with 63% expecting the high to be within 110-120, the highest concentration (38%) was within 110-115.
THE EURUSD CLOSE FOR 2014 WILL BE:
Most saw a lower EURUSD close in 2014 with 76% expecting it to be below 1.35 and 58% below 1.30. The highest concentration of responses (36%) was 1.25 to 1.30. Only 9% saw the close above 1.40.
THE PEAK YIELD IN THE U.S 10-YR NOTE IN 2014 WILL BE:
As for the yield on the critical U.S. 10-yr note, most saw yields rising over the year with 91% seeing a peak level of over 3.00%. The greatest concentration (21%) of responses was within 3.20-3.30% although 35%.saw the closing yield above 3.40%
THE S&P CLOSE FOR 2014 WILL BE:
The bias for the S&P 2014 close was mixed to a tilt to the downside. 42% saw a close below 1800, while 24% saw a close above 1900. The greatest concentration (33%) called for a close within 1800-1900
LOW IN GOLD FOR 2014 WILL BE::
The low in gold was seen by 90% as below $1200. Opinions were about evenly mixed with 48% seeing the low below $1100 and 52% above it. The greatest concentration (25%) was $1100-$1150 and 42% saw the low at $1100-$1200.