goldman-sachs-ceo-lloyd-blankfein-300x169The last week of November just started. It’s time for first forecasts for the new year. Goldman Sachs published its report – bank believes in further strengthening of USD and US stocks.

EURUSD will reach parity in Q4 2017

The table below shows Goldman Sachs forecasts for the Forex market – what is interesting there are majors and also emerging markets currencies compared with USD. Is it the sign that GS will bet not only on majors next year?

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First take a look at Eurodollar – Goldman is expecting decreases in every single quarter which should lead the pair to reach parity in the fourth quarter. Well, it is just 700 pips away.

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Stronger moves are expected on USDJPY – ninja should be around 115.00 in the end of the next year.

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The most important news of the next week

Today will be very calm day. We will just know some data about consumer confidence. Next days will be more interesting.

The most important day for investors is Friday when we will know US job report with Non-Farm Payrolls. It will be the most important news for the markets before FOMC meeting in mid-December.

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