
FX Markets
Our FX markets coverage provides detailed analysis, independent forecasts, and outlooks for global currency markets. We offer rapid responses to new data and developments, along with in-depth coverage of key themes, current trends, and future outlooks for exchange rates and financial dynamics.
A service for investors who are either managing risk, or who are looking to enhance their returns by actively taking on foreign exchange risk, FX Markets offers in-depth coverage of more than 30 advanced and emerging market currencies, focusing on the underlying macroeconomic drivers of foreign exchange markets.
The subscription to this service includes 2-3 emailed publications a week, access to our online research archive and our economists, and the opportunity to attend our conferences, forums and webinars.
- Timely, clear and concise research.
- Unique, independent forecasts.
- Rapid responses, concise summations and detailed analysis.

What's the outlook for FX?
Explore and download our forecasts for major DM and EM crosses via this interactive dashboard

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Featured Economists
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John Higgins
Chief Markets Economist
John Higgins is Capital Economics’ Chief Markets Economist, with overall responsibility for our Capital Daily, Global Markets, Asset Allocation and FX Markets services. Prior to joining the company in 2008, he worked at Stone & McCarthy Research Associates, where he was Senior Economist covering the euro area, and before that at Nomura International plc in London, where he was Head of Economic and Credit Research within the fixed income division. John is a graduate of the University of Exeter.
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Jonas Goltermann
Deputy Chief Markets Economist
Jonas Goltermann is the Deputy Chief Markets Economist at Capital Economics and heads up the FX Markets service. Jonas joined Capital Economics in 2019 from ING Wholesale Banking, where he worked in the Global Macro Research team. Before that, he worked as an economist at the Bank of England and the UK government’s Department for International Development. He holds degrees from Northwestern University, the University of Edinburgh, and the College of Europe.
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Thomas Mathews
Head of Markets, Asia Pacific
Thomas Mathews is Head of Markets, Asia Pacific focusing on bonds and equities as part of our Global Markets Service. Prior to joining Capital Economics in 2020 he worked at the Reserve Bank of Australia, in both financial markets and economics departments. Thomas holds a Master’s degree in economics from the London School of Economics, and undergraduate qualifications in economics, mathematics and philosophy.
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James Reilly
Senior Markets Economist
James is a Senior Economist on our Markets desk, contributing primarily to the Asset Allocation and Capital Daily services. He joined Capital Economics in 2021, having previously worked within the multi-asset division of Schroders. James holds a BSc in Economics from the University of Bath and an MSc in Financial Economics from Birkbeck, University of London.
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Joe Maher
Markets Economist
Joe Maher joined Capital Economics in September 2023 as an Assistant Economist on the graduate training scheme. He currently works as an Economist on our Markets team. He holds a degree in Economics from the University of Warwick.
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Elias Hilmer
Markets Economist
Elias joined Capital Economics in September 2023 as an Assistant Economist on the graduate training scheme. He now works as an Economist on our Markets team. Elias holds a MSc in International Political Economy from the LSE, a MSc in Public Economics from the Free University of Berlin and a BSc in Economics and Social Sciences from the University of Cologne (Germany).
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Harry Chambers
Assistant Economist
Harry is an assistant economist and joined the graduate training scheme in 2024, having previously spent a year on placement at Capital Economics in 2022. He holds an undergraduate degree in Economics from the University of Bath.