The year-end is getting closer. What will 2021 bring us? Let’s find out what major banks expect!
Tag - market forecast
Such credible banks as Bank of America and Citigroup made extremely bullish forecasts from $3 000 to $5 000. It’s hard to imagine right now, but let’s discuss why it may become true.
Commerzbank announced its short- and long- term projections on the South African rand. Let’s discuss it in detail.
Saxo Bank forecasts EUR/USD at 1.1600. Credit Agricole believes the USD will strengthen in the coming months.
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
Some analysts believe that there is more room for the US dollar to fall further. According to AG Bisset Associates, the USD will plummet by 36% against the euro. It’s hard to believe right now amid the stronger greenback, but let’s discuss why it’s possible.
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
According to economists from Danske Bank, the euro is still overvalued. They see the fair price at 1.16. Let’s see why.
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
According to Goldman Sachs, the stock rally will continue in 2021 as the global economy will regain pre-pandemic levels after the vaccine rollout.