ArgusFX – Markets Headlines, Fundamental Analysis, Friday, November 21, 2014 Strong U.S.Economy boost the Bulls dominate over markets - News - Projections for declines in the Euro Versus the Dollar as monetary policy in U.S. and the euro area diverge are the basis for the top trade Goldman Sachs Group Inc. is recommending to clients for 2015. - Capital Markets – Goldman Sachs said: “Our forecast of solid U.S. GDP growth (around 3%) underpins our expectations of low volatility, low dispersion and low stock returns in 2015.” - Indexes - Six out of 10 main industries in the S&P 500 advanced. Energy companies had the biggest gains, jumping 1.1% - Gold - Russia bought about 19.7 metric tons of gold last month as the world’s fifth-biggest holder added metal to its reserves amid a weaker ruble and lower oil prices. - Petrol/Oil - OPEC needs to take action and make the cuts. The market is still under pressure as is on its way to the bottom. - EUR/USD – Goldman Sachs Group Inc. predicted the euro will slide to $1.15 during the next 12 months and advised clients to use as a strategy to capitalize on this move. - Stock Market – U.S. stocks rose to a record, led by energy and small-cap shares, as data showing improvements in the American economy overshadowed concern over weaker growth overseas. Economic News Eurozone: - EUR - ECB President Draghi Speaks, Friday 10:00 - Due to speak at the 24th European Banking Congress about Reshaping Europe, in Frankfurt. - EUR - German Buba President Weidmann Speaks, Friday 12:15 - Due to deliver a speech titled Banking Union and Regulatory Reforms: Mission Accomplished? at the 24th European Banking Congress. UK: - GBP - Public Sector Net Borrowing, Friday 11:00 - Difference in value between spending and income for public corporations and the government. estimates are for decline to 6.9B
Posted on: Fri, 21 Nov 2014 06:30:22 +0000
Trending Topics
Recently Viewed Topics
© 2015