FOREX.com 3Q Outlook: Continued volatility expected on the back of Fed-fueled
LONDON, NEW YORK and SYDNEY, June 18, 2013
LONDON, NEW YORK and SYDNEY, June 18, 2013 /PRNewswire/ --FOREX.com, the
retail division of GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider
of online trading services; today released its3Q 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 over," she added.
Expectations from the FOREX.com3Q 2013 Markets Outlook include:
oThe dollar is likely to resume its upward bias as Fed tapering and
relative growth potential in the US comes back into view.
oTrust in Abenomics starts to wane, threatening the USDJPY uptrend.
oA fragile peace in European sovereign bond markets combined with an
uncertain outlook for growth could cap EUR gains.
oIf Mark Carney, the new governor of the Bank of England, does not deliver
the QE goods then we could see further GBP upside.
oCommodities may be kept under pressure by global growth fears, leaving the
Aussie and Kiwi vulnerable to further losses.
oPrecious metals could see their popularity improve as we progress through
the quarter, while Copper may remain under pressure as global growing
oChoppy waters for global stock markets could see further downside in the
next three months as the end of QE3 brings corporate fundamentals back
The full FOREX.com3Q 2013 Markets Outlook Report is now available at
www.forex.comunder Market Analysis.
The FOREX.com Markets Outlook report highlights potential price ranges for key
pairs, such as EUR/USD, GBP/USD, USD/JPY, EUR/GBP and USD/RUB. Major foreign
equity markets; key commodities including gold, silver, oil and agriculture
are also covered.
The report is prepared by Research Director Kathleen Brooks, Senior Technical
Strategists Chris Tevere, CMT, Eric Viloria, CMT, and Research Analyst Chris
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The opinions and information in this report are for general information use
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About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online
trading services. GAIN's innovative trading technology provides market access
and highly automated trade execution services across multiple asset classes,
including foreign exchange (forex or FX), contracts for difference (CFDs) and
exchange-based products, to a diverse client base of retail and institutional
Through our retail brand, FOREX.com, we provide retail traders around the
world with access to a variety of global OTC financial markets, including
forex, precious metals and CFDs on commodities and indices. A market leader
for over a decade, FOREX.com supports clients from over 140 countries and our
products and services are available in multiple languages, including English,
German, Chinese, Japanese, Russian and Arabic.
GAIN Capital also operates GTX, a fully independent FX ECN for hedge funds and
institutions; Open eCry, an innovative online futures broker; and GAIN
Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
GAIN Capital and its affiliates have offices in New York City; Bedminster, New
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For company information, visit www.gaincapital.com.
Contact: North America, Chris Mittendorf, Edelman, +1 212 704 8134,
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firstname.lastname@example.org; or Laura Crooks, Edelman, +44 (0) 20 3047 2366,
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