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 revising their stance. Not so BNP Paribas, which expects EURUSD to trade at 1.4500 at start of the year.

 EURUSD @ 1.4500!

• BNP Paribas

Source: Reuters