Monex Europe ranking high in FX Week forecasts

This week Monex Europe have ranked near the top for best emerging markets forecasters in the 1-month and 3-month rankings.

The results are based on the forecasts for the Brazilian real, Russian ruble, Indian rupee, Chinese yuan and Mexican peso.  Monex Europe placed 2nd in the 1-month and 4th in the 3-month horizon.

Forecasts are as follows:

One-month rankings, based on forecasts submitted Feb 22, 2019:

Three-month rankings, based on forecasts submitted Jan 4, 2019:

Our analysts here at Monex Europe continue to have a positive stance on EM currencies, however are aware of the potential short term risks at present.

“We remain our bullish outlook on Emerging Market currencies with the Fed locked into a dovish stance and Chinese growth proving resilient to the global slowdown. However, idiosyncrasies in the shape of political risk and trade tensions could prompt the broad rally to plateau in the short-term.”

– Simon Harvey, FX Market Analyst at Monex Europe.