Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
Agree or disagree? Comments? Your own forecast? Post your thoughts in the Forecasts discussion group!
| EURUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, May 17 2013, 17:00 GMT | |||||||
| Adam Narczewski | 1.3000 | 1.2700 | 1.2500 | Bullish | Bearish | Bearish | ||
| ANZ FX Strategy Team | - | 1.3200 | - | - | Bullish | - | ||
| BoA FX, Rates and Commodities Team | - | 1.2800 | 1.2600 | - | Sideways | Bearish | ||
| Claudiu Cazacu | 1.2780 | 1.2650 | 1.3340 | Sideways | Bearish | Bullish | ||
| Danske Research Team | - | 1.3000 | 1.3000 | - | Bullish | Bullish | ||
| DBS Group Research | - | 1.3300 | 1.3500 | - | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.3400 | - | - | Bullish | ||
| Gonçalo Moreira, CMT | 1.3050 | 1.3400 | 1.3300 | Bullish | Bullish | Bullish | ||
| Gus Farrow | 1.2650 | - | - | Bearish | - | - | ||
| HSBC Global Research Team | - | - | 1.2940 | - | - | Sideways | ||
| ICN.com analysis team | 1.2740 | 1.2740 | 1.2285 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.2750 | 1.3000 | 1.3000 | Bearish | Bullish | Bullish | ||
| ING Global Economics Team | - | - | 1.2800 | - | - | Sideways | ||
| J.P. Morgan Global FX Strategy | - | 1.3200 | 1.3400 | - | Bullish | Bullish | ||
| Luc Luyet, CMT, CIIA | 1.2800 | 1.2700 | 1.2500 | Sideways | Bearish | Bearish | ||
| Mauricio Carrillo | 1.3000 | 1.2750 | 1.3200 | Bullish | Bearish | Bullish | ||
| NAB Global Markets Research | - | 1.2900 | 1.2700 | - | Bullish | Sideways | ||
| Rabobank Financial Markets Research Team | - | 1.3000 | 1.2800 | - | Bullish | Sideways | ||
| RBC Economic Research Team | - | - | 1.2600 | - | - | Bearish | ||
| RBS Team | - | 1.2300 | 1.2100 | - | Bearish | Bearish | ||
| Ross Yamashita | 1.2800 | 1.2670 | 1.2500 | Sideways | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.2700 | - | - | Sideways | ||
| TD Securities Research Team | - | 1.3500 | 1.3500 | - | Bullish | Bullish | ||
| UBS FX Research Team | - | - | 1.2800 | - | - | Sideways | ||
| UniCredit Research | - | 1.3100 | 1.3300 | - | Bullish | Bullish | ||
| Valeria Bednarik | 1.2660 | 1.2440 | 1.2200 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.2800 | - | - | Sideways | - | ||
| Yohay Elam | 1.2800 | 1.2700 | 1.2700 | Sideways | Bearish | Sideways | ||
| Average | 1.2821 | 1.2898 | 1.2867 | Sideways | Bullish | Sideways | ||
Weak GDP numbers are likely to continue weighing on the euro, even if Japanese flows enter the euro-zone.
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.com cannot be held responsible for inaccurate information or typos.
As expected, the EUR was pushed back into the $1.20's as the Q1 GDP estimate showed another quarter of contraction and the market aggresively priced expectations of more rate cuts and unconventional easing by the European Central Bank.