6/18/2013 3:30 PM ET | By David Weidner, MarketWatch The market doesn’t have to correct. It doesn’t have to skid hundreds of points just to get back at a more reasonable level. I'll give it to you straight. The market rally is in deep trouble. Japan is stumbling. Inflation is looming. Europe is austere and jobless. The Federal Reserve? The summer swoon is stifling. It has about as much of a chance of tapering as a banker on bonus day. The wolves are at the ...
How near is the next bust? I raised this question a month ago, and concluded . . . not very. I haven't completely changed my mind, but . . . • I'm still convinced that a bust of the magnitude of the global financial crisis that followed the Lehman Brothers bankruptcy is very unlikely. • I hear the growls from the bears that say we're looking at a replay of the Asian currency crisis of 1997. I think a replay is very unlikely. Something like ...
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LONDON, NEW YORK and SYDNEY, June 18, 2013 /PRNewswire/ -- FOREX.com, the retail division of GAIN Capital Holdings, Inc. (GCAP), a global provider of online trading services; today released its 3Q 2013 Market Outlook report. FOREX.com analysts predict another volatile quarter for financial markets as the Fed considers tapering its QE program and the German Federal elections in September threaten to break the spell of sovereign stability in the Eurozone. "This is likely to be a pivotal quarter for financial markets. The prospect of an end to stimulus from the Federal Reserve may carry huge ramifications for the direction of prices in equity, FX and commodity markets," said Kathleen Brooks, Research Director, FOREX.com. "At the same time, German Federal elections and a new Governor at the Bank of England may rock markets further. The easy gains in stock markets of recent times could be ...
The Aussie Dollar has taken a heavy beating over recent weeks amid building RBA interest rate cut expectations as worrisome economic data from China casts doubt on the outlook for demand from Australia’s largest trading partner. Record-high speculative net short positions in the FX futures space hint the short side may be overcrowded, with prices vulnerable to a corrective upswing. A shallow recovery appears to be underway from the 0.94 level and will treat it as an opportunity to sell AUDUSD in the 0.98-0.99 area in the days ahead. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts from FXCM.
