{"id":113557,"date":"2017-09-26T09:35:23","date_gmt":"2017-09-26T13:35:23","guid":{"rendered":"http:\/\/countingpips.com\/?p=113557"},"modified":"2017-09-26T07:03:15","modified_gmt":"2017-09-26T11:03:15","slug":"bnp-paribas-eurusd-to-drop-to-1-15-at-the-beginning-of-2018","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/bnp-paribas-eurusd-to-drop-to-1-15-at-the-beginning-of-2018\/","title":{"rendered":"BNP Paribas: EURUSD to drop to 1.15 at the beginning of 2018"},"content":{"rendered":"<div id=\"inves-1120062312\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 26, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Veselin Petkov, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p>The experts at BNP Paribas expect the EURUSD pair to fall to a value of 1.15 and the GBPUSD to fall to 1.25 in the first quarter of 2018, according to their weekly\u00a0<a href=\"http:\/\/economic-research.bnpparibas.com\/Views\/DisplayPublication.aspx?type=document&amp;IdPdf=30244\">ECOWEEK<\/a>\u00a0report; published on the 22<sup>nd<\/sup>\u00a0of September. The table below shows the group\u2019s forecasts for the exchange rates of a set of currency pairs for the next 5 quarters:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/trunk\/images\/BNP%20Paribas%20EUR%2026.09.2017%20table%201_59c9ee5bde490.png\" alt=\"\" \/><\/p>\n<p>Judging by the values in the table, one might conclude that BNP Paribas has an optimistic outlook on the US dollar for the next two quarters. For example, they expect the EURUSD pair to drop to 1.17 in the final quarter of this year, and to 1.15 in the first quarter of next year, while the GBPUSD is expected to fall to 1.29 and 1.25 respectively. The situation is similar on the USDJPY and USDCHF pairs. Still, it\u2019s important to note that in the second quarter of next year, the experts at BNP suggest that the US dollar will again start to decline. For example, the EURUSD pair is expected to rise from 1.16 in the second quarter of 2018 to 1.23 in the fourth.<\/p>\n<p>I\u2019d like to remind everyone that banks frequently get their forecasts wrong (and constantly revise them), so this report shouldn\u2019t be taken as a recommendation for buying or selling any particular currency pair, nor should it serve as the sole basis for any decisions, commercial or otherwise.<\/p>\n<p>Personally, I\u2019m interested to see which parts of the forecast will come true. We\u2019ll return to these in time and I\u2019ll write a review on how accurately BNP Paribas predicted the future.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">BNP Paribas: EURUSD to drop to 1.15 at the beginning of 2018<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Veselin Petkov, Alpari The experts at BNP Paribas expect the EURUSD pair to fall to a value of 1.15 and the GBPUSD to fall to 1.25 in the first quarter of 2018, according to their weekly\u00a0ECOWEEK\u00a0report; published on the 22nd\u00a0of September. The table below shows the group\u2019s forecasts for the exchange rates of a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113557","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113557"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113557\/revisions"}],"predecessor-version":[{"id":113558,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113557\/revisions\/113558"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}