The silence is deafening
Hopefully I'm not tempting fate with this post, while long EURUSD but I'll take the risk.
At one point you would have needed a scythe to get through the parity callers in the euro but now you need the Hubble telescope to find them.
I've stolen a look at the forecast page compiled by our mates at eFX News, and there's only eight calls for parity or worse between Q2 2017 and Q4 2018.
Of those eight;
Three of those calls are from USD-perma bulls Morgan Stanley (every day)
Two are from Westpac (1.0000 & 0.9900 Q3 & 4 2018)
BNPP (1.0000 Q4 2017)
Goldies (1.0000 Q1 2018)
DB (0.9500 Q4 2018)
Summary of EURUSD bank forecasts
What's interesting is that the averages are probably closer to the truth and show a near 300 pip range from now until Q2 2018.
Of course, forecasts are as effective a chocolate fireguard but it's always worth keeping an eye on what the big banks think.
eFX News has the forecasts for pretty much all the currencies. You can get a trial here.
