We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Bank Research Consensus Weekly 01.03.12

Bank Research Consensus Weekly 01.03.12

2012-01-03 17:15:00
David Song, Strategist
Share:
Bank_Research_Consensus_Weekly_01.03.12_body_BankResearch.png, Bank Research Consensus Weekly 01.03.12

U.K. 2012 Outlook: A Difficult Year, 'Recession-Like' in 1H

Jonathan Ashworth, Morgan Stanley

We believe that the economy will for all intents and purposes be in recession in 1H and could easily meet the technical definition of two consecutive quarters of negative growth. Consumers will be buffeted by rising unemployment and tightening credit conditions, although sharply falling inflation will provide some offset, in our view. Business investment is likely to be subdued while uncertainty prevails and the government sector will remain a drag. Net exports will provide some support, as weak domestic demand depresses imports.

Full Story

EUR Shorts at Extreme Levels

Sverre Holbek, Senior Analyst, Danske Bank

EUR shorts at extreme levels: EUR net shorts have reached record levels, at -127,900 (net contracts) and more than 46% of open interest. The latter corresponds to a deviation from the mean of more than 4 sigmas, indicating very crowded positioning. Hence, while we have pencilled in further EUR weakness in our latest FX forecasts (FX Forecast Update: Moving closer to a bottom in EUR/USD, 20 December 2011), stretched positioning may limit the downside in EUR/USD.

Full Story

Europe: Renaissance or More Dark Ages?

John E. Silvia, Chief Economist, Wells Fargo

The greatest risk to our 2012 economic outlook relates to the ongoing European sovereign debt crisis. We continue to believe that the Eurozone will avert a full-blown financial crisis and endure only a mild recession, which would have only minor ramifications for U.S. economic growth next year. However, the risk of a full-blown financial crisis in Europe is certainly not insignificant, especially considering that debt dynamics within Europe’s larger economies—notably, Spain and Italy—have deteriorated noticeably since the summer months.

Full Story

Outlook 2012: More Naughty Than Nice

Craig Alexander and Leslie Preston,TD Bank Financial Group

The European fiscal crisis is far from over. It is taking the harsh discipline of financial markets to push Europe towards some form of fiscal union necessary to prevent another Greece. However, it entails 17 democratic member states relinquishing some of their sovereignty, which makes for a protracted and messy process. The primary challenge is that Greece will eventually have to default, and European leaders will have to limit contagion from this event and will have to recapitalize their banks. We assume that Europe will avoid triggering a systemic banking crisis, and an ensuing 2008-style financial meltdown. But, this is the number one risk to the outlook.

Full Story

Compiled by David Song, Currency Analyst

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.