market analyst predictions for may 2015 551312015
<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>
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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.
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 |
|---|---|---|---|---|
| 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 | ||||
| Kara Ordway | AUD/NZD | Bullish | $1.0340 | $1.0410 |
| Positioning in this pair looks like it does favour more upside pressure in the coming days. Read my full article | ||||
| Ashraf Laidi | GBP/USD | Bullish | $1.5370 | $1.5600 |
| 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 | ||||
| Joshua Raymond | HSBC | Bearish | 625p | 590p |
| 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 | ||||
| James Chen | EUR/USD | Bearish | $1.0500 | $1.0200 |
| 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 | ||||
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