We believe there is potential for the Bank of England to implement more Quantitative Easing. The British are likely to increase the asset purchase target to GBP400 billion. We look forward to cable dropping further over the upcoming months.
We are expecting the overall market turmoil to weight on the Ruble in the Q1. Moreover, the Presidential elections in Russia in March this year will also augment the political uncertainty. In our view, during the Q1 of 2012 the Ruble will remain weak, but in general, the outlook for the Russian economy is positive and rather stable.
We are expecting Gold to reach 1550 at the end of Q1 2012 and by the end of the year a further decline to 1150. The number one argument for this forecast is the decrease in investor risk aversion and a peak up in the economic growth in the developed countries, in particularly, the United States.
Sweden currently takes advantage of the very sound fundamentals, including solid public finances and a very low government debt. In the 90s Sweden experienced a hard real estate crisis and has driven lessons out of that situation.
We still see the Canadian Dollar playing very much on the market sentiment and we actually think that global recession fears have been priced too hard on the financial markets. Given that we look forward to decent growth from the US we consider that there still is some upside for risky assets from here.
For the EUR/USD we believe there will be pressure in the Q1. The pair could easily hit the 1.25, but basically, the recovery will follow over the remaining part of the year 1.30 up to 1.35. The main reason is that we see various episodes of Eurozone's stress intensifying in the Q1 with many potential catalysts, be it the escalation
For the moment we are quite positive for the Aussie. First of all, we still observe quite high commodity prices combined with a rather stable current mood on the financial markets. These factors support the Australian Dollar which additionally benefits from the sound fundamentals, such as favourable fiscal situation in Australia, very low GDP ratio, as well as dynamic Asian
Our 3 month forecast for the cable is down to 1.50 so we are looking for more Sterling weakness against the US Dollar.
I see the Euro moving to 1.25 perhaps in the near term which will occur as a result of a collapse in confidence overall. The indicators will continue to point the Euro downside. We are forecasting 1.29 for the Q1 as we have some expectations on stability near the very end of the quarter. I suspect the lowest point the Euro can reach
In light of a continuing European debt crisis and uncertainty in the financial markets, Dukascopy has interviewed Hideaki Miyajima, Professor of Finance at Waseda University, Tokyo, in order to find out more about Japan's long-term growth and Bank of Japan's monetary policy.
Dukascopy is continuing to inspect the current European debt crisis, the recent adoption of the fiscal EU Treaty as well as UK's rejection of the Treaty. Today we bring you the insight on the matter from the expert in finance, Professor Malcolm Sawyer.
With the help of an expert in Finance, Professor Stuart Hyde, Dukascopy is bringing you the insight of the UK's economic situation, the motives of the UK's Prime Minister's stepping away from the corrections to the EU Treaty, as well as the possible scenarios for development of the Euro area.
In the second talk with Francis Lui, Professor of Economics at Hong Kong University of Science and Technology, Dukascopy Bank has asked Professor to comment specifically on the Chinese currency's potential entering free-trade and becoming a future global reserve currency.
As the economists predicted, the debt crises in Europe and the US are having impact on the global economy. Quite recently China has announced about its slowing growth and potential financial troubles. Dukascopy Bank has interviewed an expert in Chinese economy, Professor Francis Lui, to learn about what is actually going on in China at the moment and what are
Following the interview with Professor of New York University, Lawrence White, Dukascopy has interviewed another expert in the area of financial markets and regulation, Professor of Law at University of Pennsylvania Law School, Jill Fisch, who shared her view on the rating agencies and their role, as well as accountability for the financial crisis of 2008.
Dukascopy is persisting to find out more about the rating agencies that are often blamed for the failure to predict the financial crisis of 2008. As they are said to play a significant role in the ongoing European debt crisis, we have asked an expert in Economics, Professor of New York University, author and editor of a number of books
Amid the debt crisis in the Eurozone, Sweden enjoys its Krona's appreciation combined with the 4. Dec decision by S&P to upgrade the rating of Swedbank, the leading retail bank in Northern Europe, to A+ from A, signaling high level of bank's stability. Our expert from Uppsala University, Professor Ali Sina Г–nder, has shared his view on the strength of
Amid persistent concerns over European debt crunch and US economy's potential slowdown, economists feel discomfort about the abnormal rating agencies' activity that have downgraded a large number of countries and banks, spreading the overall anxiety. Dukascopy Bank decided to inspect the problem with an expert in this area, Claire Hill, Professor of Law, whose research interests include corporate governance, rating agencies
Dukascopy carries on interviewing the experts from Scandinavia. Today Anders Löflund, Professor of Finance at Hanken School of Economics in Helsinki, unpicks for us the economic situation in Finland, being a part of the Eurozone, and reflects on how the potential breakdown of the euro could shake the Scandinavian countries.
While the investors speculate on the Eurozone currency's dependence on the sovereign debt crisis, Dukascopy decided to have a look at the Scandinavian currencies who maintain their "safe-haven" status for quite a long time now and, according to IMF, are still in a very good shape. Today we have put the Norwegian Krona under scrutiny with the help of an
The contagion from Greek sovereign debt is spreading to other troubled Eurozone countries, such as Italy, Spain and Portugal. Dukascopy has conducted a string of interviews to disclose the situation from the inside and bring you the recent news and experts' opinions on the matter. Today Professor Ricardo Cabral has put Portugal under scrutiny and unpicked the recent economic developments for Dukascopy clients.
Dukascopy has interviewed Brian Lucey, Professor of Finance at the prestigious School of Business in Trinity College Dublin, to discover how Ireland is doing in light of the debt crisis in Europe. Professor Lucey gives his view on the troika ruling, Germany's behaviour in the Eurozone and provides advice on how to rectify the turmoil.
As the Eurozone countries are still struggling with the debt crisis, Dukascopy is persisting to interview the experts in finance to learn information from the inside. Today we talked to JosГ© GarcГa-Montalvo, Professor of Economics at the University Pompeu Fabra, Spain, who shared his opinion on the recent news from Spain. Spain still has the highest unemployment rate of 25% in the EU and
As the economic turmoil in Europe is enduring, Dukascopy is seeking the reasons for the current debt crunch. We have interviewed the experts who have investigated the issue for a while and are willing to share their point of view.