Currencies Forecast Poll

The Forex Forecast Poll is a currency sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price. The #FXpoll is not to be taken as signal or as final target, but as an exchange rates heat map of where sentiment and expectations are going.

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.0767 1.0754 1.0479
GBPUSD 1.4821 1.4814 1.4673
USDJPY 119.11 120.05 121.91
USDCHF 0.9712 0.9862 1.0054
AUDUSD 0.7748 0.7716 0.7548
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.2553 1.2643 1.2806
NZDUSD 0.7550 0.7457 0.7280
GBPJPY 176.29 177.87 180.68
EURJPY 129.13 129.22 128.80
EURGBP 0.7283 0.7236 0.7187

*Updated on Fridays at 15:00*

March 30 to April 3, 2015

EURUSD 1 Week 1 Month 1 Quarter 1 Week 1 Month 1 Quarter
Levels Trend
Fri, Mar 27 2015, 17:00 GMT
Adam Narczewski 1.0700 1.0600 1.0400 Bearish Bearish Bearish
Alberto Muñoz, PhD 1.1050 1.0450 1.0230 Bullish Bearish Bearish
Anil Panchal 1.0650 1.0800 1.0100 Bearish Sideways Bearish
ANZ FX Strategy Team - - 1.0100 - - Bearish
Austin Galt 1.0700 1.1400 1.1800 Bearish Bullish Bullish
BoA FX, Rates and Commodities Team - - 1.0500 - - Bearish
Claudiu Cazacu 1.0750 1.0500 1.0200 Bearish Bearish Bearish
Danske Research Team - 1.0300 1.0100 - Bearish Bearish
Growth Aces Research Team 1.1100 1.1200 1.1400 Bullish Bullish Bullish
ING Global Economics Team - - 1.0000 - - Bearish
J.P. Morgan Global FX Strategy - 1.0800 1.0700 - Sideways Sideways
Jameel Ahmad 1.0600 1.0400 1.0000 Bearish Bearish Bearish
Jeff Langin 1.0700 - - Bearish - -
Jim Devonport 1.0800 1.0500 1.0200 Bearish Bearish Bearish
Mauricio Carrillo 1.1000 1.1200 1.1500 Bullish Bullish Bullish
Neal Gilbert 1.0700 1.0400 1.0200 Bearish Bearish Bearish
Rabobank Financial Markets Research Team - 1.0900 1.0700 - Sideways Sideways
RBS Team - 1.1000 1.0600 - Sideways Bearish
Richard Perry 1.0900 1.0900 1.0500 Sideways Sideways Bearish
Scotiabank FX Strategy Team - 1.1300 1.1000 - Bullish Sideways
Scott Barkley 1.0272 1.0970 1.0650 Bearish Sideways Bearish
Swissquote Bank Research Team 1.0750 1.0600 1.0400 Bearish Bearish Bearish
TD Securities Research Team - 1.0000 0.9600 - Bearish Bearish
Valeria Bednarik 1.0760 1.0520 1.0200 Bearish Bearish Bearish
Vasilis Tsaprounis 1.0900 1.1100 1.0800 Sideways Bullish Sideways
Westpac Institutional Bank Team - 1.1100 - - Bullish -
Yohay Elam 1.0700 1.0400 1.0100 Bearish Bearish Bearish
Average 1.0767 1.0754 1.0479 Bearish Sideways Sideways

EURUSD Comments:

  • Anil Panchal:

    Irrespective of recent up-move, backed by weaker ecoonmics, the descending trend channel supporting EURUSD decline

  • Growth Aces Research Team:

    We maintain our opinion the EUR/USD have bottomed out. We do not expect the USD to regain its strength. In our opinion only very strong economic data would have potential to get EUR/USD back on a bearish trend observed since the middle of last year. One of the most important events this week will be the Eurozone March CPI estimate (on Tuesday). We expect HICP flash to be 0.0% yoy vs. the market forecast of -0.2% yoy. Higher inflation reading should give a boost to the EUR. Investors will focus their attention also on U.S. manufacturing PMI for March (on Wednesday). The market expects weaker reading than in the previous month. In our opinion even slightly higher data will be not sufficient to trigger any significant downside move on the EUR/USD. But the most important event this week will be the release of U.S. non-farm payroll data (on Friday). Our forecast of 230k is lower than the market consensus of 249k and lower than strong 295k reading from the previous month. That is why long positions on the EUR/USD are justified. Friday will be a holiday on many markets.

  • Jameel Ahmad:

    While the data from Europe might finally be starting to improve, there is no way to tell if this is due to the ECB's efforts to continuously reinvograte economic fortunes through stimulus measures, or the dramatic decline in oil easing budgets. There is still a complete contrast in central bank policy at play here, and I still believe that the EURUSD will hit parity. How soon it could happen is correlated to how the USD bulls react to next Friday's NFP.

  • Neal Gilbert:

    This pair appears capped at 1.10 and the USD domination could take hold again if NFP can perform once again.

  • Richard Perry:

    The euro rebound has run out of steam and means that the near to medium term outlook has been muddied. However ultimately dollar strength will prevail once more.

  • Yohay Elam:

    The euro has probably finished its upwards correction. ECB QE weighs

Risk Disclosure

This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXStreet cannot be held responsible for inaccurate information or typos.

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