FOREX.com Expects Improving Global Recovery in 1Q 2011 Markets OutlookBy Gain Capital Holdings Inc., PRNE
Monday, January 3, 2011
U.S. Stimulus Measures Pave the Way for an Improved U.S. Outlook in the New Year; Gold and Silver to Shine Further; 2010 Eurozone Debt Crisis Far From Over
NEW YORK and LONDON, January 4, 2011 - Improved U.S. growth prospects could spark gains for risk assets, like
stocks and commodities, while the debt crisis in Europe may get worse before
it gets better, according to an outlook presented by FOREX.com, a division of
GAIN Capital, in its 1Q 2011 Markets Outlook report.
"The passage of the U.S. tax cut extension and additional stimulus
measures paves the way for an improved U.S. outlook, which is a positive for
the overall global recovery's prospects. Further, we believe the potential
for a "double dip" recession is now over," said Brian Dolan, chief currency
strategist, FOREX.com. "In the Eurozone, problems remain as we head into
2011. So far, the credit crisis in the peripheral nations has not spread to a
currency crisis, but this could change if Spain were to require a bailout."
Other expectations from the FOREX.com 1Q 2011 Markets Outlook include:
- Euro remains vulnerable to on-going impasse between ECB and national governments over debt crisis resolution mechanism - China's growth to slow only marginally, with inflation likely to remain elevated - Australia continues to chug along and the Australian dollar continues to outperform despite the Reserve Bank of Australia staying on hold - The New Zealand dollar underperforms as the Reserve Bank of New Zealand takes a more dovish stance - Anticipated higher gold and silver prices; in particular, XAU/EUR to reach new all-time highs - Improved demand and tightening supply likely to push crude oil prices higher
The FOREX.com research team highlights potential technical levels for key
pairs, such as EUR/USD, GBP/USD, USD/JPY, USD/CAD, and AUD/USD. Key
cross-currency pairs like EUR/JPY and EUR/GBP are also covered.
The FOREX.com Markets Outlook provides commentary and market forecasts
with its view of the direction of the world's major currencies as well as key
commodities including gold, silver and oil. The report is prepared by Mr.
Dolan, Research Director Kathleen Brooks and Senior Technical Strategists
Daniel Hwang, Chris Tevere and Eric Viloria.
The full FOREX.com 1Q 2011 Markets Outlook Report is now available on the
company's websites at www.forex.com and www.gaincapital.com.
Forex and spot metals trading involves significant risk of loss and is
not suitable for all investors.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online
foreign exchange (forex or FX) trading and related services, including
contracts-for-difference (CFDs) trading. Customers and trading partners in
more than 140 countries have utilized the company's award-winning trading
GAIN Capital provides execution, clearing, custody and technology
products and services to an institutional client base including asset
managers, broker/dealers and other financial services firms. GAIN also
operates FOREX.com, one of the largest and best-known brands in the retail
With offices in New York City; Bedminster, New Jersey; London; Sydney;
Hong Kong; Tokyo and Seoul, GAIN Capital and its affiliates are regulated by
the Commodity Futures Trading Commission (CFTC) in the United States, the
Financial Services Authority (FSA) in the United Kingdom, the Financial
Services Agency (FSA) in Japan, the Securities and Futures Commission (SFC)
in Hong Kong, and the Australian Securities and Investments Commission (ASIC)
For company information, visit www.gaincapital.com or
In North America: Christa Conte, +1-212-808-4902, or Savannah Tikotsky, +1-212-808-4903, Feintuch Communications, gain at feintuchpr.com; or In Europe: Sorrel Beynon, +44(0)20-3047-2368, or Laura Cocker, +44(0)20-3047-2365, Edelman, gain at edelman.com
Tags: GAIN Capital Holdings Inc., January 4, New York, New york and london, United Kingdom