Long Term Forex Forecasts Archive

Key points EUR/USD expected to rise again and is likely to peak around 1.48 A gradual increase in US rates should help lift USD/JPY GBP will stay weak, as the BoE will postpone rate hikes CHF will stay overvalued as the Swiss economy looks strong ...

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It has been difficult to separate the wheat from the chaff in the economic data. Rising energy prices, supply chain interruptions in the auto sector, and weather-related slowdowns have affected readings on both inflation and output. Financial markets have taken these gyrations in stride with...

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HIGHLIGHTS Debt restructuring in Greece has transitioned from “will likely happen” to “will happen” After the restructuring takes place, the Greek economy will still be contracting, fiscal policy will remain excruciatingly tight, and monetary conditions will be even tighter As a result, there is a meaningful...

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Key points EUR/USD expected to peak around the 1.50 level Sterling likely to weaken in the short term, seeing EUR/GBP move above 0.90 Scandi support to remain from hawkish central banks. EUR/SEK and EUR/NOK to trade lower USD/JPY likely to range trade for now as...

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The rest of this year should see large swings in currencies, with each of the three super-major currencies facing huge challenges in the coming quarter. Namely, in the US: how will the Federal Reserve deal with the anticipation of the phase-out of QE2 and will...

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HIGHLIGHTS Last week’s European Council meeting had generated expectations for a strong response from European governments to the debt crisis. Although progress was made on a number of areas such as the establishment of the European Stability Mechanism (ESM), key aspects for the short-term evolution of...

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Executive Summary The developed economies of the world are faring very differently in the wake of the global recession. The economies of Australia and Canada are firmly in expansion territory, while economies in the Eurozone and the United Kingdom are still striving to get output...

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About the Author Danske Bank Disclaimer This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are...

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Key points Driven primarily by huge monetary divergence between the ECB and Fed, we still expect EUR/USD to continue higher, reaching 1.50 in six months’ time. The tragic earthquake in Japan has postponed our projected JPY weakening. We see downward pressure on USD/JPY over the...

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