Goldman call for equities rally

January 12, 2016

The latest bold call from the infamous investment bank seems to be very contrarian, with their view that the European STOXX 600 could rally as much as 18 percent this year. The caveat is that volatility is unlikely to go away and there could be further downside to come before the rally commences so it might be too early to take heed of their call and jump back into stocks. Often it’s the case that after a prediction from Goldman Sachs the markets react by moving in the direction of that call and this time this rather more hedged scenario means European indices can go in either direction for them to be right. This morning investors remain nervous as a mixed open is expected and once again crude is the talking point as prices continue to plunge towards $30 a barrel, which is likely to put energy stocks under further pressure with the debate intensifying around the sustainability of their dividend payments.

On the currency side GBPUSD has found a floor around the 1.4500 level and this morning we see manufacturing and industrial production from the UK where a weaker figure could add further pressure to sterling which has been in a downward spiral for the past few weeks. This ahead of Thursday’s BOE meeting where expectations are the first of the year will have more dovish undertones than before.

Publication source
FxPro information  FxPro reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

FX Giants Rating
Larson&Holz IT Ltd Rating
XM Rating
FxPro Rating
OctaFX Rating
Grand Capital Rating

OptionBit Rating
24option Rating
99Binary Rating
Migesco Rating
OptionRally Rating
TopOption Rating