Forecasts
Forecasts
This page is part of FX Bank Forecast — an aggregator that normalises bank research PDFs into a searchable forecast and commentary database. Explore the top desks below or jump straight to the consolidated /forecasts and /reports indexes.
We refresh bank research every 15 minutes through our pdf-intake worker. New trade ideas, currency views, and quarterly forecasts surface automatically across the relevant currency, pair, and firm pages.
Top bank desks we track
INR supported by RBI reserve accumulation slowing and improving portfolio flows. India's growth premium vs EM peers provides fundamental support, though low beta limits upside.
INR steady with RBI support. Low beta limits upside but provides defensive positioning. Targeting 86.50.
BNP Paribas forecasts EUR/USD at 1.21 by Q4 2026 (5.2% higher vs current 1.15). Consistent with the report's broader thesis: "Gradual USD depreciation in an Expansion regime; EUR and high-yield EM lead, Asia FX lags". Bullish stance on EUR
Citi forecasts USD/MXN at 19.2 by Q4 2026 (4.3% lower vs current 18.4). Consistent with the report's broader thesis: "Out-of-consensus bullish USD; cyclical re-acceleration drives a stronger dollar through H1, fading into year-end". Bearish
Commerzbank forecasts AUD/USD at 0.71 by Q4 2026 (7.6% higher vs current 0.66). Consistent with the report's broader thesis: "USD under pressure on excessive Fed cuts and Fed independence concerns; EUR overvalued but USD overvaluation great
INR supported by improving portfolio flows and RBI policy shift. India growth premium provides fundamental support. Targeting 85.00.
Bullish MXN on carry, nearshoring flows, and USMCA resolution expectations. Positioning is clean after 2025 washout. Banxico's measured easing pace preserves carry advantage. MXN 13% YTD gain not overextended vs EM peers.
Latest bank commentary
Morgan Stanley sees Japan reflation intact despite energy shock short-term drag
morganstanley· investinglive-cb· May 21, 2026Morgan Stanley says Japan's reflation story remains structurally intact despite near-term energy shock headwinds, forecasting a dip in nominal GDP this year before a rebound above 4% in 2026. Summary: Japan's nominal GDP growth is expected to turn slightly negative this year due
Australian dollar under pressure say analysts as RBA rate-hike cycle seen nearing its end
commerzbank· investinglive-cb· May 21, 2026The Australian dollar is under pressure after weak Chinese and domestic labour data, with analysts warning the RBA rate-hiking cycle may be over, removing a key support for the currency. Summary: Source: Commerzbank The AUD pulled back from a four-year high of 0.726 against the U
Economic and event calendar in Asia Friday, May 22, 2026 - Japan CPI, ECB's Lane speaking
· investinglive-cb· May 21, 2026I previewed the Japan inflation data here: A third consecutive month of core CPI below the BOJ's 2% target would reinforce the case for patience on rate hikes, Also on the agenda is an ECB speaker, Philip Lane given the opening address at 2026 Asian Monetary Policy Forum (AMPF) i
More from Fed's Barkin: I'm nervous about the tails on both sides of the mandate
· investinglive-cb· May 21, 2026Take encouragement from recent job growth, but not hard to imagine possible job losses due to AI Nervous about the tails on both sides of the mandate Employers outside of software are not yet reducing headcount due to AI Longer-term bond-market-based inflation expectations do not
Fed's Barkin: Current policy is in a good place to respond to ongoing shocks
· investinglive-cb· May 21, 2026Current policy is in a good place to respond to ongoing shocks Whether the Fed needs to hike rates depends on how businesses, consumers react to developing conditions Consumers are "not happy" but continue to spend; businesses are so far managing productivity improvements through
Fed's Goolsbee: We have a pretty significant inflation problem
· investinglive-cb· May 21, 2026We have a pretty significant inflation problem The job market is stable I'm most attuned to the inflation side of the dual mandate Fed's Goolsbee isn't a voter this year and he's been leaning on the hawkish side for quite a while, so his remarks are not surprising at all. The mos
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.