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, Dec 21 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.3100 | 1.2800 | 1.2600 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 1.3102 | 1.3483 | 1.2968 | Bearish | Bullish | Bearish | ||
| ANZ FX Strategy Team | - | - | 1.2900 | - | - | Bearish | ||
| BBVA Bancomer Team | - | - | 1.3100 | - | - | Sideways | ||
| BoA FX, Rates and Commodities Team | - | - | 1.2300 | - | - | Bearish | ||
| Capital Economics Research Team | 1.3200 | - | 1.2500 | Sideways | - | Bearish | ||
| Claudiu Cazacu | 1.3140 | 1.3000 | 1.3240 | Sideways | Bearish | Sideways | ||
| Danske Research Team | - | 1.3300 | 1.3400 | - | Bullish | Bullish | ||
| DBS Group Research | - | - | 1.2900 | - | - | Bearish | ||
| Dr. S. Sivaraman | 1.3454 | 1.3876 | 1.4254 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 1.3115 | 1.3340 | 1.3470 | Bearish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | 1.2500 | - | - | Bearish | - | ||
| HSBC Global Research Team | - | 1.3200 | 1.3400 | - | Sideways | Bullish | ||
| Hugo Venter | 1.3200 | 1.3600 | 1.5000 | Sideways | Bullish | Bullish | ||
| Ilian Yotov | 1.3200 | 1.3000 | 1.3000 | Sideways | Bearish | Bearish | ||
| ING Global Economics Team | - | 1.2500 | 1.2000 | - | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.2800 | - | - | Bearish | ||
| La Caixa Economic Research Dept. | - | - | 1.2800 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 1.3150 | 1.3100 | 1.3200 | Sideways | Sideways | Sideways | ||
| Mauricio Carrillo | 1.3350 | 1.3500 | 1.3800 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.3400 | - | - | Bullish | ||
| National Bank of Canada Eco. & Strat. Team | - | 1.2700 | 1.2300 | - | Bearish | Bearish | ||
| Rabobank Financial Markets Research Team | - | 1.2800 | 1.3000 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | 1.3000 | 1.3200 | - | Bearish | Sideways | ||
| RBS Team | - | - | 1.2300 | - | - | Bearish | ||
| Richard C. Lee | 1.3028 | 1.2727 | 1.3000 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | 1.2900 | 1.2700 | - | Bearish | Bearish | ||
| TD Securities Research Team | - | 1.2900 | 1.2200 | - | Bearish | Bearish | ||
| UBS FX Research Team | - | 1.3300 | 1.3000 | - | Bullish | Bearish | ||
| UniCredit Research | - | 1.3000 | 1.3100 | - | Bearish | Sideways | ||
| Valeria Bednarik | 1.3040 | 1.2900 | 1.2745 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | - | 1.3500 | - | - | Bullish | ||
| Yohay Elam | 1.3100 | 1.3300 | 1.2800 | Bearish | Bullish | Bearish | ||
| Average | 1.3168 | 1.3075 | 1.3027 | Sideways | Bearish | Bearish | ||
year end upward move is expected to be aggressive
Our analysis expects the pair is in a short term correction that is likely going to last a day or three before some more upwards movement which would ultimately result in sideways movement over the next week.
The EUR needs a catalyst to gain further into the mid $1.30's and might be able to find it if the U.S. fiscal cliff is averted and if the Fed keeps pushing the QE pedal to the medal.
Fiscal cliff issues could weigh on the euro in the short term, and later a resolution will send boost it.
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.
However, on the daily chart we now have two consecutive shooting star candles following testing of the 1.3300 level, so expect to see a minor pullback from the current 1.3200 region, before the pair continue higher as 2013 gets underway - assuming the world hasn't ended or we have all fallen off a cliff!