Feedback

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 1.2613 1.2599 1.2531
GBPUSD 1.6069 1.6045 1.6062
USDJPY 107.73 108.04 109.64
USDCHF 0.9511 0.9597 0.9700
AUDUSD 0.8762 0.8685 0.8666
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1227 1.1243 1.1302
NZDUSD 0.7806 0.7766 0.7722
GBPJPY 173.49 174.74 177.55
EURJPY 136.80 136.16 138.05
EURGBP 0.7870 0.7828 0.7729

*Updated on Fridays at 15:00*

October 27 to 31, 2014

EURUSD 1 Week 1 Month 1 Quarter 1 Week 1 Month 1 Quarter
Levels Trend
Fri, Oct 24 2014, 17:00 GMT
Alberto Muñoz, PhD 1.2500 1.2390 1.2130 Bullish Bullish Bullish
Anthony Wu, CFA 1.2500 1.2300 1.2300 Bullish Bullish Bullish
ANZ FX Strategy Team - 1.2700 1.2800 - Bullish Bullish
BoA FX, Rates and Commodities Team - - 1.3000 - - Bullish
BTMU Global Markets Research - 1.2700 1.2600 - Bullish Bullish
Claudiu Cazacu 1.2580 1.2600 1.2500 Bullish Bullish Bullish
Danske Research Team - 1.2500 1.2200 - Bullish Bullish
Gonçalo Moreira, CMT 1.2800 1.3150 1.3400 Bullish Bullish Bullish
Growth Aces Research Team 1.2600 1.2620 1.2500 Bearish Sideways Bearish
HSBC Global Research Team - - 1.2500 - - Bullish
ICN.com analysis team 1.2580 1.2405 1.2260 Bearish Bearish Bearish
ING Global Economics Team - 1.2600 1.2500 - Bullish Bullish
J.P. Morgan Global FX Strategy - - 1.2500 - - Bullish
Jameel Ahmad 1.2800 1.2600 - Bullish Sideways -
Jarratt Davis 1.2500 1.2400 1.2200 Bearish Bearish Bearish
Jeff Langin 1.2460 - - Bullish - -
Kira Iukhtenko 1.2550 1.2400 1.2200 Bullish Bullish Bullish
Neal Gilbert 1.2600 1.2500 1.2300 Bullish Bullish Bullish
Nenad Kerkez 1.2620 - - Bearish - -
Rabobank Financial Markets Research Team - 1.2700 1.2600 - Bullish Bullish
RBS Team - - 1.2700 - - Bullish
Richard Perry 1.2700 1.2500 1.2040 Sideways Bearish Bearish
Ross Yamashita 1.2600 1.2950 1.2600 Bullish Bullish Bullish
Saxo Bank Team - 1.2600 1.2400 - Bullish Bullish
Scotiabank FX Strategy Team - - 1.2500 - - Bullish
Scott Barkley 1.2500 1.2420 1.2200 Bearish Bearish Bearish
Swissquote Bank Research Team 1.2600 1.2700 1.2500 Bullish Bullish Bullish
TD Securities Research Team - - 1.2900 - - Bullish
Todd Gordon 1.2650 1.2800 - Bullish Bullish -
UniCredit Research - 1.2650 1.3600 - Bullish Bullish
Valeria Bednarik 1.2780 1.2500 1.2300 Bullish Bullish Bullish
Vasilis Tsaprounis 1.2750 1.2800 1.2500 Bullish Bullish Bullish
Wells Fargo Research Team - - 1.2800 - - Bullish
Westpac Institutional Bank Team - 1.2600 - - Bullish -
Yohay Elam 1.2600 1.2500 1.2400 Bearish Bearish Bearish
Average 1.2613 1.2599 1.2531 Bearish Sideways Sideways

EURUSD Comments:

  • Growth Aces Research Team:

    What are the main drivers for the next week? The Federal Reserve is expected to announce the end of its quantitative easing program on Wednesday despite the recent market volatility. In our opinion the FOMC’s statement will not reiterate the “considerable time” guidance. The change will be a natural consequence of ending the quantitative easing. Investors will be focused also on inflation data in the Euro zone. The data for October will be released next Friday, and we expect headline inflation to increase slightly. Headline inflation in September amounted to 0.3% yoy and our forecast for October is 0.4% yoy, mainly as a consequence of weaker EUR. The short- and medium-term outlook for the EUR/USD is slightly bearish and we are looking to get short at 1.2760.

  • ICN.com analysis team:

    Trading below 1.2745 is needed to keep our expectation valid.

  • Jameel Ahmad:

    Not taking into account the results of the imminent ECB stress test report, we could be starting to see an emergence of a weaker exchange rate helping economic data following the improved EU PMIs. Although I am expecting the Fed to conclude QE, I also expect Yellen to completely dismiss any hopes of the Fed raising rates anytime soon.

  • Jarratt Davis:

    I'm expecting the euro to continue selling off over the coming weeks and months as it finally seems the ECB have done enough to get the market to sell euros.

  • Nenad Kerkez:

    As long as 2730 holds 2620 is sell on rallies target

  • Richard Perry:

    The outlook for EUR/USD is now very mixed near term, even though I still see any strength as a medium term chance to sell.

  • Scott Barkley:

    Down under way now

  • Yohay Elam:

    Even if the stress tests help, its back to reality with inflation and IFO

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.

Most Popular Content

  1. EUR/USD: move towards 1.20 could accelerate next week
     by FOREX.com Oct 24, 11:42 GMT
  2. 25 EU banks to fail ECB stress tests, according to leak
     by FXStreet Oct 24, 13:00 GMT
  3. EUR/USD shrugs off stress test headlines
     by FXStreet Oct 24, 13:09 GMT
  4. USD/JPY: The Gartley Has It
     by FOREX.com Oct 23, 15:36 GMT
  5. EUR/USD: market advances on relief
     by FXStreet Oct 24, 13:09 GMT
  1. EUR/USD: move towards 1.20 could accelerate next week
     by FOREX.com Oct 24, 11:42 GMT
  2. The euro trade stable at $1.2650 level against the U.S
     by ZuluTrade Oct 24, 07:39 GMT
  3. ECB Banks stress test, and FED meeting: Central Banks again in the spotlight
     by FXStreet Oct 24, 14:48 GMT
  4. Weekly Market Preview
     by Alpari (UK) Oct 24, 17:58 GMT
  5. E-Mini Dec S&P - Reaches an Inflection Point
     by MPTrader.com Oct 24, 18:18 GMT
  1. USD/JPY: Buy At 107.60
     by Growth Aces Oct 24, 12:06 GMT
  2. EUR/USD: PMI Details Show Some Skeletons In The Closet
     by Growth Aces Oct 23, 12:10 GMT
  3. EUR/USD: increased bearish potential
     by FXStreet Oct 23, 19:28 GMT
  4. EUR/USD: bearish trend resumed
     by FXStreet Oct 22, 19:54 GMT
  5. Chart EUR/USD Update: Recovering
     by FXMarketAlerts Oct 23, 13:38 GMT