Watch the interview of Richard Ross, Global Technical Strategist & Executive Vice President at Auerbach Grayson with Menaka Doshi on CNBC-TV18. He shared his outlook on Wall Street.
Richard Ross, global technical analyst at Auerbach Grayson, says his specialty is prices and not politics. Right now the way prices are moving, it seems investors are willing to look past fears of government shutdown and debt default.
Global interest rates may rise further, says Richard Ross, adding that there is a lot more going on in terms of the rise in the US dollar against these emerging market currencies that is clearly driving the action here, than just the Fed announcement.
The breakdown in the 10-year yield is an important sell signal for those who are invested in riskier assets, says Richard Ross, global technical analyst at Auerbach Grayson.
In an interview to CNBC-TV18, Richard Ross, Global Technical Analyst at Auerbach Grayson shared his views on equities and gold.
Nigel Gault, Chief US Economist at IHS Global Insight & Richard Ross of Auerback Grayson shared their view on all this unemployment data in an interview with CNBC-TV18‘s Menaka Doshi.
Richard Ross, global technical analyst at Auerbach Grayson is very bullish on US. "I think we are setting a stage for strong finish to 2012. I think this is just a pause before one final year-end Santa Claus push," he adds.
Re-election of President Barack Obama has not gone down well with the US markets. The markets declined sharply after the election results on Wednesday. There are some real concerns in the US says Richard Ross, global technical analyst, Auerbach Grayson.
In an interview to CNBC-TV18, Richard Ross, Global Technical Analyst at Auerbach Grayson spoke about the performance of the Wall Street, the effect on the market due to US Presidential elections and the struggles ahead
Richard Ross, global technical analyst at Auerbach Grayson the US markets are right now getting used to the idea that Obama may not be the clear-cut winner has he was earlier perceived.
Richard Ross of Auerbach Grayson said this is a reflection of what happens when the market gets what it wants. All the European markets are up and everyone seems to be thanking the ECB, added Ross.
While ECB president Mario Draghi's encouraging comments that he is prepared for whatever is needed to preserve the euro and act on surging bond yields cheered markets across the globe, Richard Ross, Global Technical Analyst at Auerbach Grayson stated that markets need to see some action which would help sustain a trend.
Yesterday, the US markets ended lower. Richard Ross, Auerbach Grayson says, it is a pretty disappointing finish to an otherwise strong week. "I think there are still signs of optimism as we head into next week," he adds.
In an interview with CNBC-TV18, Richard Ross, Global Technical Analyst at Auerbach Grayson said that it was about time and the world was perhaps waiting for this kind of a decisive action from Europe.
In an interview to CNBC-TV18, Richard Ross of Auerbach Grayson says that equity markets will move higher in June, mainly because bulls are reasserting their presence in the market.
Richard Ross, global technical analyst with Auerbach Grayson, believes that the current gains in financial markets are just the beginning of what is going to be a sustainable surge.
Europe continues to steer global markets, says Richard Ross, global technical analyst at Auerbach Grayson. He says that a little clarity or positive newsflow would go along way into pushing global markets higher.
Richard Ross, global technical analyst, Auerbach Grayson, says, in his analysis of Facebook‘s IPO on CNBC-TV18, that the company is not a fly-by-night unit and the 8%-rise posted by the stock to date is impressive in the context of the fluid economic environment
Richard Ross, Auerbach Grayson says, May should be a month of uncertainty. He further says, there are going to be winners and losers despite this macro backdrop. "Bottom-up approach, stock specific investing is still the way to make money, it always has been and it will be going forward," he adds.
Richard Ross, global technical analyst at Auerbach Grayson, believes the crisis in Spain could have an adverse impact on other global markets.
Richard Ross, global technical analyst at Auerbach Grayson says that he is bullish on global markets for the first time since last May.
In the global markets, a collision of the technicals and fundamentals is highly observed, said Richard Ross, global technical analyst at Auerbach Grayson. "The breakdown in euro is technical, which was driven by the fundamentals factors," he pointed out.
With the conclusion of the Summit, Richard Ross, Global Technical Analyst at Auerbach Grayson says, "It appears that the worst scenario has been avoided which is that they simply couldn't come up with anything constructive even though some steps have been taken."
Richard Ross, Global Technical Analyst at Auerbach Grayson discusses the possible outcome of Angela Merkel and Nicholas Sarkozy’s meet for the fifth time as they try and hammer out a deal which can save Europe from the brink of recession.
In an interview to CNBC-TV18, Global Analyst at Auerbach Grayson, Richard Ross describes how markets could possibly react on the news if the ECB cuts interest rates today. He also discusses the big market event – the December 9 European Leaders Summit.