There's no question that January was a crazy month for both stocks and currencies. The wild fluctuations made some very happy traders...and some very distressed ones. When heading into February, make sure you've got help from the pros so that you can trade confidently and profitably. Here are the February Forex forecasts from our trading desk:
Here's what our analysts are watching:
Nasdaq- The market is likely to continue to see a lot of choppy behavior...
GBP/USD- We will have to “reset our expectations” when we look at the British pound.
EUR/USD -This is a market that has gotten ahead of itself...
Gold - By the end of January, gold should be higher, rather than lower.
S&P 500- I anticipate we may get a short-term pullback, followed by more buying later in the month.
