Forecasts & Analysis

Morgan Stanley raised their stock price forecast on Delta Airlines, one of the major players in the United States aviation industry, to $55 from $51 and said a decent Q1 guide and bullish commentary on the call about the potential for a traffic rebound, particularly in corporate, reinforces their bullish

The low volume and the U.S. bank holiday could hold prices in a range with support at 103.496 and resistance at 104.135.

It’s a mixed start to the week. Steering clear of the week’s pivot levels would support a run at the major resistance levels.

Early in the trading session on Monday we’re looking for a downside bias as long as the AUD/USD stays below the pivot at .7743.

It’s a mixed start to the day. Avoiding the day’s pivot levels would bring resistance levels into play.

The near-term direction of the March U.S. Dollar Index will be determined by trader reaction to the main retracement zone at 90.950 to 91.370.

Economic data from China and COVID-19 news to provide direction, with no major stats from the Eurozone or the U.S to influence.

It’s a relatively bullish start to the day for the majors. Avoiding a fall through the day’s pivot levels would bring resistance levels into play.

My team prepares Custom Valuations Index charts to understand how capital is being deployed in the global markets alongside US Dollar and Treasury Yields. 

Wall Street is divided on the stock, with some analysts expecting 2021 to reveal all sorts of structural weaknesses.