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Don't Trust End-of-Year Forex Forecasts

Don't Trust End-of-Year Forex Forecasts

6 Years ago | December 27, 2013 00:00:00

by John M. Bland

This is the traditional time of year for institutions and the financial press to release surveys of forex forecasts for the new year. While we find the surveys are interesting because they offer a snapshot of sentiment, we hasten to add that they have little, if any predictive value. What is consistent about these surveys is their poor performance.

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