Research
Research
Welcome to the research page of FX Bank Forecast, your go-to source for aggregated foreign exchange insights from 18 leading institutional desks. Our coverage includes major financial institutions such as JPMorgan, Goldman Sachs, Bank of America, HSBC, and many more, providing you with a comprehensive view of market trends and analyses.
Here, you can explore a wide range of bank research PDFs that have been normalized for easy access and comparison. This page aims to help you interpret the latest commentary and forecasts from top analysts, allowing you to stay informed about developments in the FX market and make more educated decisions.
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
THINK Ahead: Why an AI bust wouldn’t stop at tech
ing· gmail-imap·https://think.ing.com/opinions/think-ahead-why-an-ai-bust-wouldnt-stop-at-tech/
THINK Ahead: Why an AI bust wouldn’t stop at tech
ing· gmail-imap·https://think.ing.com/opinions/think-ahead-why-an-ai-bust-wouldnt-stop-at-tech/
THINK Ahead: Why an AI bust wouldn’t stop at tech
ing· ing-think·The stock market isn't the real economy. That's been a big lesson of the past one-and-a-half decades. So if the AI bubble really does explode on Wall Street, would it be a disaster for Main Street? James Smith argues that investment would take the strain and Europe would be bette
Tech and FX: short-term volatility may cloud long-term trend
ing· gmail-imap·https://think.ing.com/articles/tech-and-fx-short-term-volatility-may-cloud-long-term-trend/
Tech and FX: short-term volatility may cloud long-term trend
ing· gmail-imap·https://think.ing.com/articles/tech-and-fx-short-term-volatility-may-cloud-long-term-trend/
How have interest rate expectations changed after this week's event?
· investinglive-cb·Rate hikes by year-end RBNZ: 71 bps (71% probability of rate hike at the next meeting) ECB: 64 bps (98% probability of rate hike at the next meeting) BoJ: 43 bps (81% probability of rate hike at the next meeting) BoE: 41 bps (92% probability of no change at the next meeting) RBA:
Frequently asked questions
- What types of research can I find on this page?
- You can find aggregated foreign exchange research from 18 major banks, including analyses, forecasts, and market commentary.
- How often is the research updated?
- The research is updated regularly to reflect the latest insights and analyses from the covered banks.
- Can I access reports from specific banks?
- Yes, you can filter and access reports from specific banks like Goldman Sachs, HSBC, and others included in our coverage.
- What is the benefit of using FX Bank Forecast for research?
- FX Bank Forecast normalizes research from multiple banks, allowing you to easily compare insights and trends across different institutional perspectives.
- Is the research provided free of charge?
- Yes, the aggregated research available on this page is accessible free of charge to users.
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.