Forecast
BarCap tops 12-month spot with bearish view
A bearish view on the USD and yen has shot Barclays Capital to the top of the 12-month forecast index.
Calyon's bearish USD outlook pays off
Calyon tops this week's one-month forecast rankings, with a belief that the greenback would decline versus the euro.
Danske prevails on mild conditions
Danske Bank stands atop the one-month rankings this week, amid benign conditions in the global economy.
Oil rebound bolsters CMC standing
CMC Markets has topped this week's one-month rankings and one-month year-to-date index, on the back of the recent rebound in oil prices.
CBA wins out, exploiting yen weakness
The Commonwealth Bank of Australia (CBA) topped this week's one- and three-month rankings with its non-consensus view on the yen coming through.
Watching interest rates reaps rewards
Paying close attention to interest rates and their likely movements has helped Investors Bank & Trust repeatedly feature at the top end of the short-term forecast rankings.
CMC's aggressive strategy pays off
Over the past few weeks, CMC Markets has been doing well on its short-term predictions. This week, the online trading company has again managed to come out top of the one-month rankings and one-month historical index ( FX Week , January 15).
Dollar rally likely to be only temporary
Barclays Capital has continued its strong showing in the rankings since the beginning of the year, coming in top for its 12-month forecasts. It also featured well in the three-month and one-month year-to-date index.
Bearish USD view rewarded by year-end
Persistence has paid off for 4Cast, which saw its consistently bearish view of the dollar rewarded as 2006 came to a close and the new year began.
Banks on the mark for dollar predictions
The leading banks in FX Week 's Best Bank poll have come up trumps in their predictions for a decline in the US dollar by the 2006 year-end.
Danske goes against the consensus
Danske Bank is going against consensus view by predicting a medium-term pullback in EUR/USD and a weaker than expected yen.
Dollar pressure is a boost for Citigroup
Citigroup has topped this week's one-month forecast rankings on the back of recent dollar weakness.
More regional differentiation in 2007, says Société Générale CIBM
Expect more regional differentiation next year, said Adrian Hughes, currency strategist at Société Générale CIBM (Corporate and Investment Bank) in London.
Positive factors supporting the pound
Barclays Capital (BarCap) has adjusted its sterling view to align with its position on the greenback, on advice from recent Bank of England hire, Paul Robinson.
Acknowledge the role of central banks
Forecasters need to acknowledge the role currently being played by central banks in maintaining range trading, said Forex Capital Markets' (FXCM) chief strategist, Kathy Lien.
GFT predicts increased volatility
Global Forex Trading (GFT) predicts that market volatility will increase in 2007, but said increased activity is needed to break current range-trading.
Banks overconfident on yen – CBA
Most banks are over-bullish on the yen, according to Richard Grace, Commonwealth Bank of Australia's Sydney-based senior currency strategist.
Confidence in dollar resilience growing
Bank of America's (BoA) confidence in the greenback retaining value over the past couple of months is starting to spread to other banks.
Yen set to stage a comeback next year
The yen is to stage a comeback next year as fundamentals gain more precedence, predicts Adrian Schmidt, senior FX strategist at the Royal Bank of Scotland (RBS) in London.
Greenback sell-off fails to materialise
Bank of Montreal's (BMo) prediction for a big sell-off of the US dollar in 2006 has failed to materialise, said Jeff Cooper, BMo's vice-president of forex.
Diverging data muddies forecasts
Danske Bank’s chief strategist Teis Knuthsen, said the technical and fundamental models the bank integrates to forecast FX has recently turned up opposing data.
FXCM’s sentiment index pays off
Online trading firm FXCM has emerged in the top five for the 12-month year-to-date index by paying more credence to sentiment, volatilities and converging interest rates.
IB&T stays bullish on greenback
Investors Bank & Trust (IB&T) continues to go against consensus view by maintaining a bullish stance on the dollar. Market expectations for a decline in the dollar have been fuelled by further weak data from the US.
Westpac benefits from dollar resilience
Westpac is joint top of the one-month rankings because it ‘held the line on the dollar in the summer months’.