Jump to content

Recommended Posts

Posted

since , so many posts here are related to forex , i thought why not start a prediction thread ,

" What will be the exchange Rates for the following currency pairs at the end of the year"

1. USD/THB

2. EUR/USD

3. GBP/USD

4. USD/JPY

i will start with my predictions:

1. USD/THB = ~ 33

2. EUR/USD = >1.35

3. GBP/USD = > 2

4. USD/JPY = < 114

Posted
1. USD/THB = pegged to US Dollar

While on currency predictions several months hence, I usually figure anyone's guess is as good as mine, but I would rethink the USD/THB prediction. The reason for the THB devaluation in 1997 was its peg to the USD, and Thailand won't make that mistake again. Countries with a lot of reserves can get away with it, but countries like Thailand no longer can.

Posted
1. USD/THB = pegged to US Dollar

While on currency predictions several months hence, I usually figure anyone's guess is as good as mine, but I would rethink the USD/THB prediction. The reason for the THB devaluation in 1997 was its peg to the USD, and Thailand won't make that mistake again. Countries with a lot of reserves can get away with it, but countries like Thailand no longer can.

I admit it is a wild prediction. But I suspect that sometime during 2007/2008 the Japanese and U.S. governments will seek to agree on a Dollar/Yen level perhaps 125. The bank of Japan would have to reform and seek to avoid deflation and maintain Dollar/Yen parity.

That is why I see Thailand returning to a dollar peg.

  • 2 months later...
Posted

The British pound has hit 2.0115 against the US$ and now that several more Bank Of England interest rate rises are certain, probably peaking at 7% then GBP 240 to the dollar is almost certain.

  • 6 months later...
Posted

The USD has reached 26 year lows against the GBP...nearly 2.07

From here on until the end of the year it will plummet to 2.40 as I predicted in January.

britmaveric I hope that you are not heavy in US$ with a prediction of 1.70 !!??

Posted (edited)

Euro ( Bearish Double Top) and GBP (Bearish Expanding Triangle) are at the upper limits of bearish chart patterns. However, the price action of both has been excellent. Price trumps patterns every time. A very sharp breakout or reversal is imminent.

Euro:

http://stockcharts.com/h-sc/ui?s=$XEU...&a=48806250

GBP:

http://stockcharts.com/h-sc/ui?s=$XBP...&a=48806132

Edited by lannarebirth

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 321

      Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.

    2. 172

      Why do so many Thai prostitutes marry their customers?

    3. 537

      UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud

    4. 321

      Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.

    5. 0

      Donald Trump Jr. Alleges Biden’s Actions Could Trigger World War III Before Trump’s Return

    6. 0

      Exposed: TikTok Tutorials Reveal Fake Asylum Scams Targeting the UK

    7. 0

      Neo-Nazis March in Ohio, Sparking Outrage and Condemnation

    8. 0

      Kanye West Faces New Lawsuit Alleging Antisemitic Remarks and Exploitative Behavior

  • Popular in The Pub


×
×
  • Create New...