FOREX.com, the retail division of GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, today released its 2015 Market Outlook report.
FOREX.com analysts predict that the dollar will be the star performer in the G10 next year, reflecting a stronger US economic outlook and the Fed’s plan to move towards normalisation of monetary policy in the first half of 2015. With weakness in other parts of the world likely to lead to monetary policy stimulus – potentially including the Eurozone and Japan – the US could be the sole beacon of economic hope for 2015.
Kathleen Brooks, Research Director at FOREX.com said: “Although there are dangers associated with the weakness in the economies of Europe and Asia to the US, the measures taken by those other nations could actually help the US maintain its strength, especially if we see the ECB embark on QE in 2015.
“All in all, the future looks bright for the world’s largest economy, and if oil prices continue to decline as they have in the latter half of 2014, the US may keep this momentum going even if the Fed starts to increase rates to a more historically normal level.”
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