Leading Banks Remain Bearish on Euro
Reuters surveyed the leading banks and financial institutions on their prediction for where eurusd will be trading at the start of the new year. The dominant view is very bearish for the next 3 months and, on average, the start of the new year is expected to trade at around 1.3500 which is still significantly lower than the current 1.3800 region.
Banks with very bearish outlooks on the euro see eurusd trading at 1.3000 in January. These are Morgan Stanley, Bank of America, Japan's Nomura, Lloyds and Barkleys.
The Euro Bears
EURUSD @ 1.3000 in January
Morgan Stanley
Bank of America
Nomura
Lloyds
Barkleys
Sideways
Goldman Sachs, HSBC and a number of other banks see most of the moves in EURUSD already played out and expect the pair to finish the year at around the current levels of 1.3800.
Sideways from Here:
EURUSD @ 1.3800 in January
Golman Sachs
HSBC
The Lone Bull
The majority of Euro bulls have bailed by revision their stance. Not so BNP Paribas, which expects EURUSD to trade at 1.4500 at start of the year.
EURUSD @ 1.4500!
BNP Paribas
Reuters surveyed the leading banks and financial institutions on their prediction for where eurusd will be trading at the start of the new year. The dominant view is very bearish for the next 3 months and, on average, the start of the new year is expected to trade at around 1.3500 which is still significantly lower than the current 1.3800 region.
Banks with very bearish outlooks on the euro see eurusd trading at 1.3000 in January. These are Morgan Stanley, Bank of America, Japan's Nomura, Lloyds and Barkleys.
The Euro Bears
EURUSD @ 1.3000 in January
Morgan Stanley
Bank of America
Nomura
Lloyds
Barkleys
Sideways
Goldman Sachs, HSBC and a number of other banks see most of the moves in EURUSD already played out and expect the pair to finish the year at around the current levels of 1.3800.
Sideways from Here:
EURUSD @ 1.3800 in January
Golman Sachs
HSBC
The Lone Bull
The majority of Euro bulls have bailed by revision their stance. Not so BNP Paribas, which expects EURUSD to trade at 1.4500 at start of the year.
EURUSD @ 1.4500!
BNP Paribas