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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 1.2404 1.2357 1.2229
GBPUSD 1.5668 1.5642 1.5724
USDJPY 117.73 117.30 117.13
USDCHF 0.9687 0.9765 1.0256
AUDUSD 0.8661 0.8627 0.8597
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1246 1.1294 1.1317
NZDUSD 0.7845 0.7763 0.7696
GBPJPY 183.71 183.51 185.92
EURJPY 145.31 145.40 144.88
EURGBP 0.7883 0.7842 0.7769

*Updated on Fridays at 15:00*

November 24 to 28, 2014

EURUSD 1 Week 1 Month 1 Quarter 1 Week 1 Month 1 Quarter
Levels Trend
Fri, Nov 21 2014, 17:00 GMT
Adam Narczewski 1.2300 1.2200 1.2100 Bearish Bearish Bearish
Alberto Muñoz, PhD 1.2275 1.2130 1.2040 Bearish Bearish Bearish
Anil Panchal 1.2350 1.2250 1.2100 Bearish Bearish Bearish
Anthony Wu, CFA 1.2300 1.2300 1.2100 Bearish Bearish Bearish
ANZ FX Strategy Team - - 1.2800 - - Bullish
Austin Galt 1.2600 1.2650 1.2600 Bullish Bullish Bullish
BoA FX, Rates and Commodities Team - - 1.2500 - - Sideways
BTMU Global Markets Research - 1.2200 - - Bearish -
Claudiu Cazacu 1.2380 1.2250 1.2200 Bearish Bearish Bearish
Commerzbank Analyst Team - 1.2600 1.2530 - Bullish Sideways
Danske Research Team - 1.2500 1.2200 - Bullish Bearish
Elizaveta Belugina 1.2360 1.2100 1.2000 Bearish Bearish Bearish
Goldman Sachs Global Investment Research - 1.2300 - - Bearish -
Growth Aces Research Team 1.2380 1.2200 1.2050 Bearish Bearish Bearish
Haresh Menghani 1.2260 1.2520 1.1950 Bearish Bullish Bearish
HSBC Global Research Team - 1.2540 1.2434 - Bullish Sideways
ING Global Economics Team - 1.2300 1.2300 - Bearish Sideways
J.P. Morgan Global FX Strategy - 1.2500 1.2500 - Bullish Sideways
Jameel Ahmad 1.2400 1.2300 1.2400 Sideways Bearish Sideways
Jeff Langin 1.2395 - - Sideways - -
Kira Iukhtenko 1.2200 1.2300 1.2200 Bearish Bearish Bearish
Luc Luyet, CIIA 1.2400 1.2400 1.2200 Sideways Sideways Bearish
Neal Gilbert 1.2400 1.2250 1.1900 Sideways Bearish Bearish
Nenad Kerkez 1.2620 - - Bullish - -
Rabobank Financial Markets Research Team - 1.2500 1.2400 - Bullish Sideways
RBC Economic Research Team - 1.2300 - - Bearish -
RBS Team - 1.2500 1.2400 - Bullish Sideways
Richard Perry 1.2400 1.2300 1.2040 Sideways Bearish Bearish
Ross Yamashita 1.2600 1.2700 1.2100 Bullish Bullish Bearish
Scotiabank FX Strategy Team - - 1.2500 - - Sideways
Scott Barkley 1.2750 1.2350 1.2200 Bullish Bearish Bearish
TD Securities Research Team - 1.2500 1.2300 - Bullish Sideways
UBS FX Research Team - - 1.1500 - - Bearish
Westpac Institutional Bank Team - 1.2200 - - Bearish -
Yohay Elam 1.2300 1.2200 1.2100 Bearish Bearish Bearish
Average 1.2404 1.2357 1.2229 Sideways Sideways Sideways

EURUSD Comments:

  • Anil Panchal:

    Failure to rally above 1.2600, together with the Euro weakness, continue signaling the pair to test 1.2250 in near-term.

  • Growth Aces Research Team:

    We have German Ifo index scheduled for Monday. Another important release next week is Euro zone flash November CPI reading on Friday. It is likely to remain unchanged at 0.4% yoy. Continuation of decline in price of oil products generates a downside risk to the forecast. Core inflation is likely to stay at 0.7% yoy, unchanged from the previous month. U.S. investors have long weekend this week due to Thanksgiving on Thursday. The U.S. Bureau of Economic Analysis will release revised Q3 GDP data on Tuesday. We have also Chicago PMI, consumer confidence and housing market data releases on Wednesday. We expect the EUR/USD to consolidate near 1.2400 this week. The outlook for the EUR/USD is bearish and investors are getting ready to December 4 ECB meeting.

  • Haresh Menghani:

    Break below 1.2400 seems to confim intial drop to 1.2250 support area.

  • Jameel Ahmad:

    Weak EU PMIs on Thursday are going to crank up the pressure on the ECB to act again next month, although I am not sure what action they could possibly introduce. QE seems to be want everyone wants, but it will be very difficult for the ECB to introduce it. Bearish below 1.2598.

  • Jeff Langin:

    For this week I see a range from about 1.2550 to 1.2400

  • Kira Iukhtenko:

    The pair is currently forming a bearish engulfing candle on the weekly chart. The picture remains bearish below the 1.2600 mark. Next levels to watch below the price are the recent low of 1.2350 and the 1.2250/20 area (200-month MA). Germany is scheduled to release a block of data at the beginning of the new week. Pay attention to the German Ifo index on Monday and to the CPI on Thursday. On Friday the market attention will be focused on the inflation data for the whole currency block. Further decline in prices will clearly provoke a new strong wave of euro sales.

  • Nenad Kerkez:

    EURUSD should test 2620 before next leg down.

  • Richard Perry:

    The euro is under pressure again after a dovish Draghi speech. Expect contiued pressure on the lows and further downside in due course.

  • Scott Barkley:

    Looking to correct highr first

  • Yohay Elam:

    After resuming its falls, the euro could push further down, espcially on inflaiton.

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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