>Are these analyses to be believed?
Chris, forecasts from "City analysts" are generally worthless. If they were systematically wrong, they might be useful (just reverse everything they say), but they're not even that good. Forecasts usually reflect market sentiment, which is usually a product of the last 5 trading hours (5 days for the really long-termers). Try to remember the end of December - the euro was going to have a strong debut, no?
Doug