Global stocks were mixed on Thursday, with the euro, gold and oil all trading lower. Experts told CNBC that we are nearing the end of the correction and stocks and commodities are likely to rally soon.
Markets to Rally from Here
Expect to see a rally in equity and commodity markets as we in the latter stage of a correction, says Puru Saxena, money manager and CEO at Puru Saxena Wealth Mgmt.
Volatile Times Ahead
There could be more volatility ahead in the U.S. markets due to the debt worries in the euro zone, warns Ben Lichtenstein, president of Tradersaudio.com.
Impact of IMF Sale on Gold Prices
The IMF's move to sell gold in the open market is unlikely to cause a collapse in gold prices, says Sundeep Bhandari, MD & regional head for global markets, Northeast Asia at Standard Chartered.
Gold - It's Still a Safe Haven
John Diplacido, oil trader and president at Energex says he remains long on gold as it is probably the world's only healthy currency left.
Sell the Euro
The euro's inability to rise above $1.380-1.385 is a clear message to sell, says Rob Rennie, currency strategist at Westpac Bank.
Dollar Sentiment Improving
Sentiment towards the dollar is improving, observes Lee Wai Tuck, currency markets strategist at Forecast. He also tells CNBC why he thinks the yen will weaken going forward.
Short Dollar-Yen Above 93
Olivier Desbarres, director of forex strategy at Credit Suisse says he is looking to short dollar-yen at above the 93 level. He also gives his response to the Bank of Japan's announcement to keep its overnight call rate unchanged and maintain its assessment of the economy.
Aussie Ripe for Gains
Stephen Roberts, chief economist at Nomura sees the Aussie dollar pushing back above 90 U.S. cents and moving toward parity near the end of the year.
Upbeat on Asian Telcos
Asian telcos are set to make a comeback in 2010, believes Sachin Mittal, telco analyst at DBS Vickers Research.
Upbeat on Taiwan and South Korea
Kirk West, executive director at Principal Global Investors is overweight Taiwan and South Korea, and neutral on China and Indonesia.