Not exactly enthralling trading after what we saw on Friday. I know just how the market feels, so type as quietly as you can today please
J P Morgan and Goldman Sachs have had a chance to chew over the data and they’ve released their projections for the next year or so and have differing opinions over GBP/USD.
- Against the pound JPM see it at 1.62 in June, 1.61 in September and 1.60 in Dec 2014 & March 2015
- Goldies see 1.68 in Jun, 1.69 Sep & 1.65 Mar.
- GS also see GBP/JPY at 173 Jun, 180 Sep & 181 Mar. EUR/GBP 0.82, 0.83, 0.85
So Goldies see a bit more life in the pound this year before the dollar takes over while JPM are buck bullish all the way.
JPM have also given their thoughts on a few other dollar pairs and some commodities
- EUR/USD 1.34 Jun, 1.32 Sep, 1.30 Dec/Mar
- USD/JPY 100 Jun, 102, Sep, 106 Dec, 107 Mar
- AUD/USD 0.88 Jun, 0.87 Sep, 0.89 Dec/Mar
- Brent Crude $102 Q2 ’14, 105 Q3 & Q4, 103 Q1 ’15
- Gold $1250 Q2, 1260 Q3, 1285 Q4
- LME Copper 7100 Q2, 6750 Q3, 6950 Q4
- US 10’s 3.0% Jun, 3.25% Sep, 3.40% Dec, 3.5% Mar
A very dollar bullish stance.
