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.
Speaking to CNBC-TV18, Richard Ross, global technical analyst, Auerbach Grayson adds that gold may test its 200-day moving average upto USD 1507 per ounce.
Richard Ross, Global Tech Strategist, Executive VP, CMT is bullish on the Nifty
Richard Ross, Global Technical Analyst, Auerbach Grayson feels, that investors are still dusting themselves up from the critical breakdown of gold. He is not sure where it will go from here, but he assures that it will attract some bottom-fishers.
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 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.
As the market eyes the European Central Bank's meet on Thursday the US markets saw a rally. However, the weak manufacturing data from the US showed that all is not rosy, said Richard Ross, Global Technical Analyst at Auerbach Grayson.
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.
Global technical analyst of Auerbach Grayson, Richard Ross is bullish on the US markets and sees prices grinding their way higher.
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.
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.
In an interview to CNBC-TV18, Richard Ross, Auerbach Grayson says, it‘s a nice start, but it doesn‘t mean this is where we are going to finish. In May, he says, volatility is going to pick-up. "I would expect the newsflow in Europe to continue to come in which will create an overhang, emerging markets continue to struggle," 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, Auerbach Grayso said the US market has more room to run on the upside before a more significant correction later in the year.
Richard Ross, global technical analyst at Auerbach Grayson, is bullish on the prospects for the US economy this year, but adds a caveat that while it seems that first quarter could be good, it is also a period of strong seasonality and hopes the momentum would continue.
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.