Your Currencies Forecast Poll
The Forecast Poll is a sentiment tool that highlights the near to medium term price expectations from the leading market experts polled.
The currency poll sentiment indicator comes with a five year history related to the ten major FX currency pairs. The survey is conducted every Friday and published at 15:00 GMT. The survey is published across all time periods: one week, one month, one quarter and includes an average price for each time horizon. This poll can be followed by traders, market commentators and leading academics.
With this widget, our clients have access to a unique product. It's a sentiment indicator that highlights selected experts' near and medium term mood and calculates trends. It should not to be taken as signal or as final target, but as an exchange rates’ heat map of where sentiment and expectations are going.
There's no lag in the data; the forecasts are collated and then immediately released, as an indicator it doesn't lag, there is no delay. As such this is a very useful tool when combined with technical, or fundamental analysis data.
This forecast poll provides sentiment data, based on a representative sample of twenty five to fifty leading trading advisors, over a five year window.
Traders display similar characteristics to human behaviour in many fields; instinctively the impulse is to follow the market crowd. Sentiment indicators can, however, promote contrarian thinking. Using this tool clients can identify sentiment extremes and therefore avoid being caught up in herd mentality.
This tool is accessible via our Traders Hub for FXCC account holders.