On CNBC’s Investing Edge on Friday 11th April 2014, Richard Perry discussed the latest developments in the sell-off impacting on the equity markets and also what the prospects are for the US dollar.
Richard said that he sees a strong band of support approaching for the S&P 500 and if it holds, then this could possibly be seen as a buying opportunity.
Looking at the dollar also, Richard believes that there is strong support for Dollar/Yen approaching and that this is an incredibly important time for the currency pair.
At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.