Market analyst predictions for June 2015
City Index June 3, 2015 3:56 PM
<p>Our June predictions are in and this month’s segment includes forecasts on the UK 100, GBP/USD, and EUR/USD. Get the latest insights from our global […]</p>
Our June predictions are in and this month’s segment includes forecasts on the UK 100, GBP/USD, and EUR/USD. Get the latest insights from our global analysts – including Ashraf Laidi, James Chen and Ken Odeluga – on where they think prices will head to this month.
Is there a market you’d like to see that isn’t currently covered? Tweet us at @Cityindex and we’ll include the market you requested in next month’s feature.
|Analyst||Market||Bias||1st target||2nd target|
|Once the markets absorb the notion that any Fed hike this year would be all but a tightening of conditions, the case for buying the euro dips is more alluring. Read my full article|
|As of late May, the US dollar continues to assert its renewed strength and as a result, GBP/USD could potentially see a June re-emergence of its entrenched downtrend after the rebound. Read my full article|
|Ken Odeluga||UK 100||Bearish (short term)||7083||6736|
|The rip-roaring exuberance that lifted the market to multiple highs in the early months of the year has passed and the weekly view also shows stochastic oscillators that are quietly on edge. Whilst I believe in the near term a push higher is likely, I see growing potential for a correction after new highs are reached, hence why my second price target is sharply lower. Read my full article|
|Kelvin Wong||US S&P 500||Bearish||2040||1980|
|The S&P 500 (US SP 500) is coming close to a key inflection level of 2140/2150 with deteriorating technical elements. The Index faces the risk of a significant “min correction” of 5% to 6%. Read my full article|
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.