ELANA Trading and Saxo Bank analysts made a review of H1 2011 and a revision of some of the predictions as of the beginning of the year.
In their annual predictions, the analysts of ELANA Trading and Saxo Bank predicted a positive start of the year and had expectations of a slowdown of the global economy in the middle of the year. Available data already confirms that unemployment in the US has initiated a slow increase. Fears of a new recession or, even, a Crisis 2.0 scenario started circulating around the world after the printing of money, known as QE2, by the Fed did nothing to boost the economic growth. Investors feel uncertain due to the steady expansion of the sovereign-debt crisis, centre of which is Greece followed, though, by the woes of Portugal, Ireland, Italy and the “debt ceiling” set in the USA.ELANA Trading analysts confirm that 2011 is the year of speculators because uncertainty will facilitate volatile markets. That means “golden opportunity for the gold, slow growth pace of oil price and of course, ranges in stock markets performance.
Download the Report H2 2011
Go to Saxo Bank Outlook Q3 2011