Goldman call for equities rally

12 January, 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.


Source link  
USD weakens as Supreme Court rules

Markets have maintained the themes from yesterday overnight with the USD showing weakness on the back of poor Philly Fed data. The US Supreme Court...

OPEC meetings in the spotlight today

OPEC, JMMC meetings are taking place today in Vienna with agreement on production levels high on the agenda. This can impact on prices in Oil markets...

Markets are taking a breath right now

Whether this turns into a broader rally or the selloff is resumed remains to be seen. Stock markets are higher after support was found in the European...


Trump wants a further $200 Billion of tariffs

While there was risk yesterday from Central Bankers very little was said to move the market. Instead the Trade War narrative boiled up again with the latest...

Oil down over 4% from Friday's open

OPEC and non- OPEC members are meeting in Vienna on Thursday for the start of a 3 day summit where production cuts are on the agenda...

ECB sparks huge moves in the Euro

The ECB dominated markets yesterday as they shifted their policy stance and signalled their exit from QE. The Bank is looking to reduce its bond buying by...


FOMC meeting results in a weaker dollar

The FOMC raised rates by 0.25 bps yesterday evening to a 1.75% to 2.00% target range in a hawkish move and reaffirmed its expected forecast of 2 more...

Progress made between Trump & Kim

US President Trump and North Korean Leader Kin Jong Un met in Singapore overnight. Progress was made between the two leaders during this first meeting...

Poor British statistics presses on sterling

Britain's statistics continue to indicate a slowdown in the UK economy. Today's data showed a decline in industrial production by 0.8% during April against...


In the past 24 hours Bitcoin has lost -3.83% and reached $6150.88. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0% and is now at $1.1605. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -4.72% and is now at $474.408. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets88%
2FXTMFXTM87%
3HYCMHYCM85%
4FIBO GroupFIBO Group80%
5FxProFxPro77%
6FXCMFXCM74%
7Alfa-ForexAlfa-Forex72%
8HotForexHotForex71%
9FP MarketsFP Markets70%
10XMXM69%
  


Share: