Top Analysts Share Their Forex Forecast for the Next Quarter

The Forex market has always been a place of interest for traders, investors, and analysts who seek to capitalize on the volatile movements of currencies around the world. With the start of a new quarter, we reached out to top analysts to share their Forex forecast for the next quarter. These analysts are from some of the most notable financial institutions, and their opinions can provide insights into where the market may be heading.

1. Kathy Lien, Managing Director at BK Asset Management

Kathy Lien is a well-known currency expert who has authored various books on Forex trading. Through her BK Asset Management firm, Kathy offers market analysis and trading strategies. In her most recent forecast, Kathy stated that she expects to see the Euro rise against the US Dollar in Q2. She bases this on the view that the Eurozone’s vaccination efforts will pick up pace and prompt the reopening of the economy. Additionally, Kathy believes that the US Dollar will weaken as the Federal Reserve maintains its current monetary policy stance.

1. Jane Foley, Senior FX Strategist at Rabobank

As the Senior FX Strategist at Rabobank, Jane Foley has years of experience in analyzing currency markets. In her recent forecast, Foley predicts that the British Pound could continue to gain strength against the US Dollar. As the UK emerges from lockdown and with the end of the Brexit transition period, Foley believes that investors will gain more confidence in the UK economy. She also states that the Bank of England is likely to maintain its interest rates, which will support the Pound.

1. Adam Button, Currency Analyst at ForexLive

Adam Button is a Currency Analyst at ForexLive, where he offers insights on daily market happenings, particularly in the currency space. Button recently wrote that he expects the Canadian Dollar to strengthen in Q2. He believes that the Bank of Canada will be among the first central banks to cut down its quantitative easing program, which could lead to a rise in interest rates. Additionally, the rise in commodities prices, particularly crude oil, which is Canada’s largest export, could support the Canadian Dollar.

1. Shaun Osborne, Chief FX Strategist at Scotiabank

Shaun Osborne is the Chief FX Strategist at Scotiabank and has extensive experience in currencies, particularly the Canadian Dollar. In his recent forecast, Osborne predicts that the Japanese Yen will appreciate against the US Dollar in Q2. Osborne states that the Yen is a safe haven asset and could benefit from increasing uncertainty and risk aversion in markets. He also mentions that the Bank of Japan has hinted that it will maintain its easy monetary policy.

1. Joe Manimbo, Senior Market Analyst at Western Union Business Solutions

Joe Manimbo is a Senior Market Analyst at Western Union Business Solutions, where he analyses currency markets and economic trends to offer insights to clients. In his recent forecast, Manimbo expects the Australian Dollar to rise against the US Dollar in Q2. He cites the strong recovery of the Australian economy, which is primarily driven by China’s demand for commodities. Manimbo also believes that the Reserve Bank of Australia’s decision to keep interest rates at an all-time low will keep the Australian Dollar competitive.

1. Marc-André Fongern, Head of FX Research at Fongern Global Forex

Marc-André Fongern is the Head of FX Research at Fongern Global Forex, which offers trading recommendations and analysis to clients. Fongern recently predicted that the US Dollar would rise against the Swiss Franc in Q2. He cites the ongoing uncertainty around the global economic recovery and the potential for geopolitical tensions to rise as a reason investors may return to the safe-haven status of the US Dollar. Additionally, Fongern states that the Swiss National Bank will continue its easy monetary policy, which could further weaken the Swiss Franc.

Conclusion

While these analysts all have different opinions on the Forex market’s direction for the next quarter, there are several key takeaways. The resurgence of the global economy is a significant driver of currency markets, and vaccines remain a key focus. Additionally, the central banks’ policies, particularly with regards to interest rates and quantitative easing, will play a significant role in shaping the Forex market’s direction. As always, traders should be mindful of any unexpected economic or political developments that could change the market’s direction and impact their trades.

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