Stock markets, ECB QE, Commodities and EUR/USD!

Dear Reader,

Did the US stock market correction(I forecast a fall of more than 20%) start this week? It is possible. I expect a fall of circa 30% for the major indices in 2015 or 2016 at the latest. Tech and biotech stocks should decline more than 30%. Energy and metals and mining stocks should also post large losses. Financials seem weak as well.

Will the European Central Bank announce a quantitative easing(QE) program next week(buy trillions of eurozone government bonds)? I am against the consensus here. I believe the European Central Bank will either postpone the QE or announce a lower amount than market expectations: less than 500 billion euros.

Gold is making gains this year. Personally, I think gold will post negative returns in 2015. In the long run, up to 2019, gold should fall to 750-800 USD. It is possible that oil is close to a bottom. Copper can fall more.

EUR/USD should reach 1.10 in by the end of the year. I believe eurozone(DE, FR, UK etc.) stocks will fall in 2015.

Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author’s and they in no way express the opinion or official position of Bulgarian National Bank!

Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!

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Stock markets, ECB QE, Commodities and EUR/USD!

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