Research
Research
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
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Kazakhstan makes a surprise rate cut, with next move to depend on the tenge
ing· gmail-imap·https://think.ing.com/snaps/kazakhstan-makes-a-surprise-cut-next-move-to-depend-on-the-tenge/
Kazakhstan makes a surprise rate cut, with next move to depend on the tenge
ing· ing-think·COMMONWEALTH OF INDEPENDENT STATES: Kazakhstan’s central bank cut the base rate by 100bp to 17.00%, surprising the market with an earlier and bolder move than we expected. Softer CPI, lower inflation expectations and supportive portfolio flows opened room for easing. Follow-up cu
Bank of England survey questions need for rate hikes
ing· gmail-imap·https://think.ing.com/snaps/bank-of-england-survey-questions-need-for-rate-hikes/
Bank of England survey questions need for rate hikes
ing· gmail-imap·https://think.ing.com/snaps/bank-of-england-survey-questions-need-for-rate-hikes/
Bank of England survey questions need for rate hikes
ing· ing-think·EUROPE: The latest Decision Maker Panel, which surveys UK Chief Financial Officers (CFOs), is the latest indication that inflation is unlikely to take off in response to higher energy prices. We expect the Bank to keep rates on hold in June
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.