Home / Monthly Archive for: "December 31st, 2015" FORECAST

Citibank: month-end fixing model suggests buying EUR & USD

From Citi:  “The preliminary month-end FX hedge rebalancing estimate points to buying of EUR and selling of all other currencies vs USD on Thursday, 31 December. The signal to buy EUR is strongest, measuring around +0.5 historical standard deviations. Euro area equities and bonds never fully recovered from the ECB surprise at the start of […]

Scotia Bank – FX Forecasts for 2016 & 2017

Scotia Bank (third largest bank in Canada) just published their currency forecasts for 2016 and 2017. While they predict the EUR/USD to fall in 2016 to 0.95 they do see it rising in 2017 to 1.12. They forecast USDJPY rate at 131.00 at the end of 2016 and USDJPY 137.00 rate at 2017. They also […]

BNP Paribas FX Forecast for 2016

BNP Paribas, the french bank, is out with its 2016 FX forecasts. In short, they are USD and GBP bulls. USD: Bullish: “We remain USD bulls into 2016 following the Fed’s first rate hike in almost a decade. The USD will continue to benefit from higher US yields against a backdrop of ECB and BoJ […]

RBC Capital Markets 2016 FX Forecasts

RBC Capital Markets, the Canadian investment bank is out with 2016 forecasts. They recommend Long USD/JPY, USD/CAD. They also expect GBP vol to rise and see opportunity in short EUR/SEK “We still like long USD and our favourite way to express that is through long USD/JPY. We still look for USD/CAD to make new highs […]