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Dollar To Bounce Back In January According To Van Sentiment Indicator

by Phillip Morton, Investors Offshore.com

07 January 2005

Sentiment indicators for three key market sectors released earlier this week by Van Hedge Fund Advisors International show that fund managers have switched to a bullish stance for the US dollar and remain positive about equities for the month ahead.

According to the indicators, based on the outlook for the month by macro hedge fund managers overseeing more than $30 billion in assets, 57% expect the S&P 500 to continue moving higher in January, whilst 26% expect the index to fall.

However, interestingly, there has been a marked reversal in sentiment regarding the US dollar with 61% of the fund managers expecting the currency to rally. This compares to 60% who anticipated a fall during December.

Lastly, sentiment in the 10-year US T-Note remains bearish, with 60% of those polled expecting the price of the instrument to fall this month, a slight improvement over last month when sentiment was 80% bearish.

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

 

 






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