Market analyst predictions for March 2015
City Index February 27, 2015 5:32 PM
<p>Are you considering trading GBP/USD, EUR/GBP, Sainsbury’s shares or the US SP 500 index this month? Get the latest insights from our global analysts – […]</p>
Are you considering trading GBP/USD, EUR/GBP, Sainsbury’s shares or the US SP 500 index this month? Get the latest insights from our global analysts – including Ken Odeluga, Joshua Raymond and Kelvin Wong – on where they think prices will head to in March.
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|
|After my bullish call on GBP/USD in February, I’m sticking with my forecast for more advances for this currency pair due to a constructive combination of both technical and fundamental dynamics. Read my full article|
|The last eight weeks have seen the currency pair finish lower on the week seven times and it could be dangerous to trade against the definitive medium term trend. Read my full article|
|The inverse USD-gold relation continues to be challenged. Read my full article|
|I believe Sainsbury’s short-sellers may face the typical risk of a ‘short squeeze’ within the next month. Read my full article|
|Kelvin Wong||US SP 500||Bearish||1980||1920|
|The multi-month uptrend for the S&P 500 is coming close to a key resistance at 2140/2170 and current technical elements are advocating for a potential decline. Read my full article|
|US dollar pairs currently look crowded. EUR/USD still holds a significant number of speculative shorts and AUD/USD has plenty of bad news already priced in at this point. I like GBP/CAD higher as a disguised and less crowded USD play. 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.