Forex Forecast 2017: What’s next in currency markets?

After the Panel Discussion organized at FXStreet on December 16, we want to provide you further content to help you to understand what topics will be the main trends this 2017. Here you have those special reports. 

Interviewing the Experts

We have interviewed six of our best contributors to know what topics may be the key ones in this brand new 2017.

• USD poised for biggest gains, GBP could be worst-performing currency on Brexit heat up. Matt Weller is bullish on the USD and rather pessimistic takes on UK and Europe, but he admits “flip-flopping” on previous-espoused views is key to successful trading. 
• USDCAD could make a big move upwards in 2017 on potential BoC rate cuts. Yohay Elam foresees political events taking over central bankers as the most influential people in Forex markets. His under-the-radar currency pair to track for 2017 is a bullish run on the USDCAD. 
• Yen pairs the best to trade in 2017 due to high volatility and good ATR. Nenad Kerkez had a good 2016, making pips and perfecting his trading method. He loves trading GBPJPY and expects Yen crosses to be the most volatile in 2017. 
• GBP can easily overshoot to the downside in 2017, USD to be the best-performing currency despite Trump’s trade war with China. Barbara Rockefeller expects more turmoil to come to the currency market in 2017, especially from the GBP and USD. Also, she warns of the effects a possible trade war between the US and China may have on the USDCNY. 
• GBP to be the best-performing currency in 2017 on Brexit as difficulties in the EU mount. Joseph Trevisani foresees Brexit as a positive for the GBP and the UK economy, while he has a much pessimistic outlook for the European Union project.
• Events in Europe and heavily discussed EURUSD parity dream to have a big impact on FX markets. Lukman Otunuga wonders if the parity dream for EUR, GBP and USD might come true in 2017. 

Analysis for Currencies and Central Banks

Our analysts wrote a series of articles with their forecasts for 2017 about the major currency pairs and the Central Banks.

• EUR/USD Forecast 2017: politicians to displace Central bankers as market leaders. EURUSD has recently suffered its longest losing streak since its inception, so the outlook is outright bearish at the moment. Will it continue in 2017? Get some clues on our EURUSD 2017 Forecast article.
• GBPUSD Forecast 2017: Expect yet another murky year for Cable. GBPUSD has had a miserable year in 2016 and prospects don’t look much better coming into 2017. Article 50 triggering and Brexit negotiations will be key for the cable. Read our GBPUSD 2017 Forecast to get more insights on the cable.
• USDJPY Forecast 2017: Kuroda will need to work alongside with Trump. USDJPY had a torn 2016, first falling to close to 100 levels and then rallying to near 120 on risk appetite sentiment triggered by Trump’s win. Whether the future POTUS delivers his promises will be key to know if the pair keeps rallying. Read our USDJPY 2017 Forecast to get more details, including an eye-opening Point & Figure chart.
• Gold Forecast 2017: Déjà vu all over again, but at the mercy of Trumponomics, Fed. Following a negative second half of the year, Gold could be close to hitting lows and recover a little bit of ground next year, but it will depend on Trump’s policies and the Fed pace in hiking rates. Read more about the yellow metal for 2017 in our special article.
• Oil Forecast 2017: Bullish view at risk of OPEC non-compliance, sharp rise in Shale output. Oil price is looking bullish after oil producers agreed to first production-cut deal in 15 years. But will they respect it? Read our special forecast article to know what to track on crude markets during the upcoming year. 
• US Economic Forecast 2017: It’s been emotional… and Trump hasn’t even been inaugurated yet. Donald Trump’s win in the US changed the landscape for the whole market world. But what effect will Trump’s new administration policies have once he is proclaimed new POTUS?
• European Economic Forecast 2017: An EU under siege from within, call in the populists! After Brexit and Trump, a high-risk political action is about to get to the heart of the European Union. With upcoming elections in Germany, France and Netherlands, plus a banking and political crisis in Italy, many wonder what the future of the EU is. Ross Burland weighs on this landscape on his European Economic Forecast for 2017.