Market analyst predictions for May 2015
City Index May 1, 2015 7:59 PM
<p>Our May predictions are in and this month’s segment includes forecasts on the UK 100, GBP/USD, HSBC shares and AUD/NZD. Get the latest insights from […]</p>
Our May predictions are in and this month’s segment includes forecasts on the UK 100, GBP/USD, HSBC shares and AUD/NZD. 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.
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|Analyst||Market||Bias||1st target||2nd target|
|On 7th May, Britain is at risk of seeing its first minority administration since the 1970s. There will be prolonged talks to form a government, during which the pound will experience heightened volatility. Read my full article|
|I think the upward move is overdone, and given the fact that we are now entering the month of May, which can be typically be the start of a short term bearish move in UK stocks as investors minimise portfolios for the summer lull, HSBC shares could now be due a correction. Read my full article|
|If the euro continues its longstanding weakness as expected and the dollar resumes its previous bullishness, EUR/USD should continue its bearish trend towards lower lows. Read my full article|
|Ken Odeluga||UK 100||Bearish||6860||6750|
|The FTSE remains susceptible to a correction later in May and this potential comedown will be more of a logical postscript to three consecutive monthly record highs than a reaction to any election result. Read my full article|
|Kelvin Wong||Hong Kong 40||Bullish||30,150||30,500|
|Intermediate-term mathematical indicators (Bollinger Bandwidth & RSI oscillator) highlights the risk of a pull-back towards 27300/26900 before further upside could be seen. Read my full article|
|Positioning in this pair looks like it does favour more upside pressure in the coming days. Read my full article|
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