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Disclaimer:
Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".
The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights.
Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks.
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks!
The blog is property of Wolfteam Ltd. www.wolfteamedge.com
Respectfully yours,
Petar Posledovich
Sunday, August 2, 2015
Stocks, Bonds, FX and Commodities!
Dear Reader,
I still expect US stock market indices to post gains of 5-8% in 2015.
US 10 year treasuries to touch 2.7% in 2015. I expect the Federal Reserve to hike rates in September AND December.
I forecast German 10 year bunds yield to stay below 1.5% in 2015. I expect Spanish, Italian, Portuguese and Irish government bonds to sell off. I expect Spanish and Italian 10 year government bonds yield to reach 3.0% in 2015.
Stocks: LinkedIn(LNKD), Facebook(FB), Twitter(TWTR), GoPro(GPRO) and FitBit(FIT) seem undervalued. Oil majors Exxon Mobil, Chevron and Conoco Phillips deliver good value at these levels. Major Eurozone banks seem undervalued.
I expect Oil(WTI) to recover to about 70 USD in 2015. I expect gold to fall to 800 USD in 2-3 years.
I expect EUR/USD to touch 0.90 in 2015 and USD/JPY to fall back to 110 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, July 24, 2015
Stocks, Bonds, FX, Commodities and Economic Forecasts!
Dear Reader,
I am of the opinion that US major stock indices will post 5-8% gains in 2015. Major European stock indices(DAX, FTSE, CAC) will post 10-15% gains in 2015.
German 10 year government bonds yield to remain below 1.5% in 2015. US 10 year treasury yields to touch 2.7% in 2015. I expect the Federal Reserve to hike the Federal Funds Rate in September AND December by 0.25%.
Oil looks like a good value at 50 USD. I forecast many times before that gold will fall to 800 USD in 2-3 years, so I am not suprised by the fall of the price of gold in the recent days.
Stocks: I believe Microsoft(MSFT), GOPRO(GPRO), LinkedIN(LNKD) and FitBit(FIT) are undervalued at these levels.
I believe the US economy will grow less than 2.5% in 2015 and the eurozone will grow by less than 1.6% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, July 17, 2015
Stocks, Bonds, Currencies and Commodities!
Dear Reader,
I still expect US 10 year treasuries yield to reach 2.7% in 2015 and the Federal reserve to hike the Federal funds rate both in September AND December 2015 by 0.25%.
I still think Germany 10 year government bonds yield will remain below 1.5% in 2015. Spanish, Italian and other eurozone 'periphery' bonds to sell off. 10 year Italian and Spanish government bonds yield to hit 3.0% in 2015.
I still think US stocks should rise 5-8% in 2015 measured by the main indices.
I think FitBit(FIT), GoPro(GPRO) and Microsoft(MSFT) have a lot of upside potential and should outperform the main indices.
In the longer run Google(GOOGL) should do fine as well.
I stick with my forecast that gold will fall to 800 USD in 2-3 years.
EUR/USD should reach 0.90 in 2015. USD/JPY should revert to 110 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I still expect US 10 year treasuries yield to reach 2.7% in 2015 and the Federal reserve to hike the Federal funds rate both in September AND December 2015 by 0.25%.
I still think Germany 10 year government bonds yield will remain below 1.5% in 2015. Spanish, Italian and other eurozone 'periphery' bonds to sell off. 10 year Italian and Spanish government bonds yield to hit 3.0% in 2015.
I still think US stocks should rise 5-8% in 2015 measured by the main indices.
I think FitBit(FIT), GoPro(GPRO) and Microsoft(MSFT) have a lot of upside potential and should outperform the main indices.
In the longer run Google(GOOGL) should do fine as well.
I stick with my forecast that gold will fall to 800 USD in 2-3 years.
EUR/USD should reach 0.90 in 2015. USD/JPY should revert to 110 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, July 10, 2015
Bonds, Stocks, Foreign Exchange and Commodities!
Dear Reader,
I still forecast US stock indices will grow 5-8% in 2015.
10 year German government bonds yields should remain below 1.5% in 2015. I expect the yields on Spanish and Italian ten year government bonds to reach 3.00% in 2015.
I forecast that the 10 year US treasury yield will touch 2.70% in 2015.
EUR/USD to target 0.90 in 2015. Gold to sell off to 800 USD in 2-3 years.
Oil to remain between 50 and 70 USD in 2015. I am undecided on a direction for oil.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I still forecast US stock indices will grow 5-8% in 2015.
10 year German government bonds yields should remain below 1.5% in 2015. I expect the yields on Spanish and Italian ten year government bonds to reach 3.00% in 2015.
I forecast that the 10 year US treasury yield will touch 2.70% in 2015.
EUR/USD to target 0.90 in 2015. Gold to sell off to 800 USD in 2-3 years.
Oil to remain between 50 and 70 USD in 2015. I am undecided on a direction for oil.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, July 3, 2015
Individual Stocks and Bonds!
Dear Reader,
I expect German 10 year government bonds yields to remain below 1.5% in 2015.
US 10 year treasuries to touch 2.7% in 2015 driven by the TWO Fed rate hikes I forecast in September and December.
The EUR/USD to reach 0.90 in 2015. Gold to fall to 800 USD in two-three years.
My forecast in a twitter post that Fitbit(FIT) is undervalued came true and the stock rallied strongly.
I forecast Microsoft(MSTF) will rally along with the introduction of Windows 10.
I forecast Spanish and Italian 10 year government bonds yields to reach 3.5% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I expect German 10 year government bonds yields to remain below 1.5% in 2015.
US 10 year treasuries to touch 2.7% in 2015 driven by the TWO Fed rate hikes I forecast in September and December.
The EUR/USD to reach 0.90 in 2015. Gold to fall to 800 USD in two-three years.
My forecast in a twitter post that Fitbit(FIT) is undervalued came true and the stock rallied strongly.
I forecast Microsoft(MSTF) will rally along with the introduction of Windows 10.
I forecast Spanish and Italian 10 year government bonds yields to reach 3.5% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, June 26, 2015
Financial Forecasts, Results and Update!
Dear Reader,
I forecast the 10 year German government bonds yield will stay below 1.5% in 2015. EUR/USD to target 0.90 in 2015. US stocks sould post gains of 5-8% in 2015.
My forecast that the eurozone 'periphery' government bonds(Italy, Spain, Portugal, Ireland etc.) will sell off came true recently. My forecast that German 10 year bunds will sell off also came true. See earlier posts
I forecast gold will sell off to 800 USD in 2-3 years.
The eurozone 'periphery' government bonds(Italy, Spain, Portugal, Ireland etc.) sell off will continue. Spanish and Italian 10 year government bonds yields will touch 3.00% in 2015.
US 10 year treasury yield will touch 2.70% in 2015.
The Federal Reserve will raise the Federal Funds Rate in September AND December by 0.25%.
I forecast the US and eurozone GDP will grow less than 2.3% and 1.7% year on year respectively
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I forecast the 10 year German government bonds yield will stay below 1.5% in 2015. EUR/USD to target 0.90 in 2015. US stocks sould post gains of 5-8% in 2015.
My forecast that the eurozone 'periphery' government bonds(Italy, Spain, Portugal, Ireland etc.) will sell off came true recently. My forecast that German 10 year bunds will sell off also came true. See earlier posts
I forecast gold will sell off to 800 USD in 2-3 years.
The eurozone 'periphery' government bonds(Italy, Spain, Portugal, Ireland etc.) sell off will continue. Spanish and Italian 10 year government bonds yields will touch 3.00% in 2015.
US 10 year treasury yield will touch 2.70% in 2015.
The Federal Reserve will raise the Federal Funds Rate in September AND December by 0.25%.
I forecast the US and eurozone GDP will grow less than 2.3% and 1.7% year on year respectively
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, June 19, 2015
Economic and Financial Forecasts!
Dear Reader,
I forecast that the German 10 year bunds yield will stay bellow 1.5% in 2015. US 10 year treasury yield is to target 2.7% in 2015. EUR/USD to reach 0.90 in 2015. Gold to fall to 800 USD in 2-3 years.
I forecast the US economy will grow below 2.3% in 2015 and the Federal Reserve will raise rates by 0.25 in September AND December 2015.
US stock markets measured by the main indices to rise 5-8% in 2015. European major stock markets(DAX, FTSE, CAC) to rise 10% in 2015. I forecast the eurozone to grow below 1.7% year on year in 2015.
I forecast Spanish and Italian 10 year bonds yields to reach 3.00% in 2015.
IF Greece defaults, Spanish and Italian 10 year bonds yields can touch 5.5%!
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I forecast that the German 10 year bunds yield will stay bellow 1.5% in 2015. US 10 year treasury yield is to target 2.7% in 2015. EUR/USD to reach 0.90 in 2015. Gold to fall to 800 USD in 2-3 years.
I forecast the US economy will grow below 2.3% in 2015 and the Federal Reserve will raise rates by 0.25 in September AND December 2015.
US stock markets measured by the main indices to rise 5-8% in 2015. European major stock markets(DAX, FTSE, CAC) to rise 10% in 2015. I forecast the eurozone to grow below 1.7% year on year in 2015.
I forecast Spanish and Italian 10 year bonds yields to reach 3.00% in 2015.
IF Greece defaults, Spanish and Italian 10 year bonds yields can touch 5.5%!
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, June 12, 2015
Forecast Results, Bonds, Stocks, Commodities and Foreign Exchange!
Dear Reader,
10 year German bunds yield fulfilled my forecast of 1.00% in 2015 this week. I expect 10 year German bunds yield to stay below 1.5% in 2015.
My forecast that the DAX will enter a correction(a fall of 10%) also came true. I expect the main European indices(FTSE, CAC, DAX) to post gains of around 10% in 2015.
I forecast the main US stock indices(DJIA, S&P 500 and Nasdaq) will rise 5-8% in 2015.
Gold is to target 800 USD in 2-3 years time. EUR/USD to target 0.90 in 2015.
US 10 year treasury yield to touch 2.70% in 2015.
My forecast(see preious posts) that oil will bounce from around 40 USD also came true. But I forecast bounces at 80 and 70 USD :-), so I will not commit with a forecast for now.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
10 year German bunds yield fulfilled my forecast of 1.00% in 2015 this week. I expect 10 year German bunds yield to stay below 1.5% in 2015.
My forecast that the DAX will enter a correction(a fall of 10%) also came true. I expect the main European indices(FTSE, CAC, DAX) to post gains of around 10% in 2015.
I forecast the main US stock indices(DJIA, S&P 500 and Nasdaq) will rise 5-8% in 2015.
Gold is to target 800 USD in 2-3 years time. EUR/USD to target 0.90 in 2015.
US 10 year treasury yield to touch 2.70% in 2015.
My forecast(see preious posts) that oil will bounce from around 40 USD also came true. But I forecast bounces at 80 and 70 USD :-), so I will not commit with a forecast for now.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, June 5, 2015
Bunds Forecast, Stocks, Bonds, FX and Commodities!
Dear Reader,
My forecast that German 10 year bunds yields will touch 1.00% in 2015 almost came true yesterday. I stick with it. I believe the German 10 year bunds yields will not go over 1.00% by much in 2015.
I am still of the opinion that US stocks will post a gain of 5-8% measured by the main indices.
I forecast that the Federal Reserve will raise the Federal Funds Rate in September.
I forecast gold will tumble to 800 USD in 2-3 years. As I predicted, European stocks largely suffered a 10% correction from the highs reached in 2015. I believe DAX, CAC and FTSE will post around 10% gains for 2015.
I still believe EUR/USD will touch 0.90 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
My forecast that German 10 year bunds yields will touch 1.00% in 2015 almost came true yesterday. I stick with it. I believe the German 10 year bunds yields will not go over 1.00% by much in 2015.
I am still of the opinion that US stocks will post a gain of 5-8% measured by the main indices.
I forecast that the Federal Reserve will raise the Federal Funds Rate in September.
I forecast gold will tumble to 800 USD in 2-3 years. As I predicted, European stocks largely suffered a 10% correction from the highs reached in 2015. I believe DAX, CAC and FTSE will post around 10% gains for 2015.
I still believe EUR/USD will touch 0.90 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, May 29, 2015
US and China Stocks, Eurozone Bonds and Gold!
Dear Reader,
I remain with my new view that the main US stock indices will rise 5-8% in 2015. There is a containable tech bubble in some public stocks and many nonpublic stocks. Many mutual funds and institutional investors that invested in the new tech 'stars' will get burned, but this should not derail the US stock bull market.
I forecast that the yield on the 10 year German government bond will reach 1.00% in 2015 and the EUR/USD will reach 0.90 in 2015. My forecast of USD/YEN at 120 already came true(see earlier posts), so I am still weighing the situation for a 'hard' view on this market.
The intensive bull market in Chinese stocks should continue. The sell off in 'periphery' eurozone government bonds is bound to continue.
I forecast gold will fall to 800 in 2-3 years.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I remain with my new view that the main US stock indices will rise 5-8% in 2015. There is a containable tech bubble in some public stocks and many nonpublic stocks. Many mutual funds and institutional investors that invested in the new tech 'stars' will get burned, but this should not derail the US stock bull market.
I forecast that the yield on the 10 year German government bond will reach 1.00% in 2015 and the EUR/USD will reach 0.90 in 2015. My forecast of USD/YEN at 120 already came true(see earlier posts), so I am still weighing the situation for a 'hard' view on this market.
The intensive bull market in Chinese stocks should continue. The sell off in 'periphery' eurozone government bonds is bound to continue.
I forecast gold will fall to 800 in 2-3 years.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Monday, May 25, 2015
Change of View on US Stock Market!
Dear Sir or Madam,
I am reversing my forecast that US stocks, measured by the S&P 500 and Nasdaq Composite, will fall respectively 20% and 30% in 2015.
Now I forecast that US equities measured by the main indices(S&P 500, DJIA, Nasdaq) will grow by 6-8% a year in the next 2-3 years.
I still think there is a bubble in nonpublic tech stocks. Some of the public tech stocks, however, have already corrected. I still think some mutual funds and other institutional investors will loose a lot of money, but that event should be a controlled one.
I still think 10 year German government bonds yield will reach 1.00% in 2015. I confirm my forecast of the EUR/USD reaching 0.90 in 2015. Eurozone 'periphery' government bonds will continue their sell off. I forecast gold will sell off sharply to 800 USD within 2-3 years.
My forecast that the German DAX will sell off 10% has already come true, so now I forecast the DAX Index will finish up 15% for 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I am reversing my forecast that US stocks, measured by the S&P 500 and Nasdaq Composite, will fall respectively 20% and 30% in 2015.
Now I forecast that US equities measured by the main indices(S&P 500, DJIA, Nasdaq) will grow by 6-8% a year in the next 2-3 years.
I still think there is a bubble in nonpublic tech stocks. Some of the public tech stocks, however, have already corrected. I still think some mutual funds and other institutional investors will loose a lot of money, but that event should be a controlled one.
I still think 10 year German government bonds yield will reach 1.00% in 2015. I confirm my forecast of the EUR/USD reaching 0.90 in 2015. Eurozone 'periphery' government bonds will continue their sell off. I forecast gold will sell off sharply to 800 USD within 2-3 years.
My forecast that the German DAX will sell off 10% has already come true, so now I forecast the DAX Index will finish up 15% for 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, May 15, 2015
Bonds and Stocks sell-off!
Dear Reader,
I am still of the opinion that US stocks will sell off 20%(S&P 500) from current levels in 2015. The Nasdaq Composite will sell off more than 30%.
Nonpublic and many public technology and biotechnology companies are in a bubble. Some of the valuations and reports are ridiculous.
The German 10 year government bond yield will reach 1.0% in 2015. The other eurozone government bonds will sell off as well. US 10 year treasury yield will reach 2.7%(as forecasted in earlier posts) in 2015. The Federal Reserve, in my opinion, will raise rates in September. US GDP will grow not more than 2.5% year on year in 2015.
Gold will reach 1050 in 2015. EUR/USD, despite its recent bounce, should reach 0.90 in 2015.
The German DAX Index is on the verge of a 10% correction, as I predicted in earlier posts.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, May 8, 2015
Bonds Sell-off Prediction, Stocks, Commodities and FX!
Dear Reader,
My predictions(see earlier posts) that 10 year German government bonds yield will reach 0.7% in 2015 came true on 7 May 2015. Yields fell from that lofty level through today. My new target for the 10 year German government bond yield is 1.00% in 2015.
I predict that the sell off of eurozone 'periphery' government bonds will accelerate. 10 year Spanish and Italian government bond yields will reach 2.5% in 2015.
I still expect US main stock indices to sell off 20% in 2015 measured by the S&P 500. The Nasdaq will sell more than 30%.
Gold will target 1050 in 2015. EUR/USD will target 0.90 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, May 1, 2015
Stock and Bonds!
Dear Reader,
German government bonds sold off this week. I stick with my forecast that the yield on the 10 year German government bonds will get to 0.7% in 2015.
I still think US stocks will correct 20% in 2015. The DAX lost about 7% from its peak recently and as you might remember I predicted a 10% percent correction, so the DAX should fall a bit more in 2015.
I am still of the opinion that eurozone government bonds are a HUGE bubble and they should sell off hard in the next 1-2 years.
I forecast gold will get to 1050 in 2015 and the EUR/USD will target 0.9 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
German government bonds sold off this week. I stick with my forecast that the yield on the 10 year German government bonds will get to 0.7% in 2015.
I still think US stocks will correct 20% in 2015. The DAX lost about 7% from its peak recently and as you might remember I predicted a 10% percent correction, so the DAX should fall a bit more in 2015.
I am still of the opinion that eurozone government bonds are a HUGE bubble and they should sell off hard in the next 1-2 years.
I forecast gold will get to 1050 in 2015 and the EUR/USD will target 0.9 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, April 24, 2015
Bubbles and Eurozone Sovereign Bonds, US Tech Stocks!
Dear Reader,
I still expect US stocks to sell off 20% from current levels in 2015. There is a small tech bubble in the US that warrants a 30% correction of the Nasdaq. I know this time the tech companies have revenues, but the valuations seem stretched to say the least. Some of the nonpublc tech firms are valued at ridiculuous levels.
The eurozone sovereign bonds is a HUGE bubble. One of the biggest in history. It should pop sooner or later. I predict the 10 year German government bonds yield to reach 0.7% in 2015.
I expect the EUR/USD to reach 0.90 in 2015, while gold should fall towards 1050 in 2015. There is a risk that gold can crash losing more than 30% from the current levels in the next 2-3 years.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, April 17, 2015
Predictions, Results and more Forecasts!
Dear Reader,
European stocks seem to have started the 10% correction I predicted. The German DAX Index is down circa 5.5% from its peak.
European 'periphery' government bonds seem to have started the sell off I predicted. Spanish and Italian government bonds sold off hard during the past several weeks. I think the sell off will continue and even accelerate.
I expect the German 10 year government bond(bund) yield to reach 0.70% in 2015.
Basically, I am of the opinion that eurozone government bonds at the moment are one of the greatest bubbles in history, if not the greatest...
I expect US stocks to enter bear market in 2015, 20% or more fall from their peaks measured by the main indices.US tech stocks, both public and nonpublic, are in a (small) bubble. Biotech stocks as well. Tech and biotech stocks should sell off more than 30% from their peaks in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities,currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, April 10, 2015
Chinese stocks, US stocks, EU government bonds!
Dear Reader,
I think Chinese stocks will form a bubble in 2015. US tech stocks seem overvalued. There are certainly some similarities to the dot com mania in 2000.
EUR/USD to target 0.90 in 2015. Gold to target 1050 in 2015.
The biggest dislocation seems to be in the eurozone government bonds market. The values of the southern eurozone periphery yields are simply outrageous. I do not believe the macroeconomic environment justifies such valuations. Something is bound to give. The ECB provides support, so the mania could go on for a while, but the music will stop at some point. The hangover from the party should be significant.
.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I think Chinese stocks will form a bubble in 2015. US tech stocks seem overvalued. There are certainly some similarities to the dot com mania in 2000.
EUR/USD to target 0.90 in 2015. Gold to target 1050 in 2015.
The biggest dislocation seems to be in the eurozone government bonds market. The values of the southern eurozone periphery yields are simply outrageous. I do not believe the macroeconomic environment justifies such valuations. Something is bound to give. The ECB provides support, so the mania could go on for a while, but the music will stop at some point. The hangover from the party should be significant.
.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, April 3, 2015
Bubbles, Economic and Financial Forecasts!
Dear Reader,
Non-farm payrolls in March in the USA were weak. I expect a very weak GDP reading for the first quarter of 2015. Overall, I forecast US GDP to grow no more than 2.5% year on year in 2015. Actually, I think the growth year on year of US GDP for 2015 will be closer to 2.0% than to 2.5%.
That said, I do not expect the Fed to get swayed. I think the Federal Reserve will raise the Federal Funds Rate in September 2015, although there is a decent chance the rate hike will happen even in June. I expect the US 10 year treasury yield to reach 2.7% somewhere in 2015.
US tech and biotech stocks are in a bubble. But the bubble is not as big as the dot com bubble. I expect the Nasdaq to loose little more than 30% of its value. The S&P 500 should fall 20% from its current levels.
I expect a 10%, at least, correction of eurozone stock markets from the current levels. I know the ECB is printing money, but the eurozone economy is just too weak to justify the current valuations alone.
I expect the eurozone GDP to grow 1.6% year on year in 2015.
Eurozone bonds are in a significant bubble. I forecast the German 10 year bund yield to touch 0.7% in 2015.
I expect the EUR/USD to reach 0.90 in 2015 and gold should touch 1050 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, March 27, 2015
Stocks, Bonds and Economic Forecasts!
Dear Reader,
US tech and biotech stocks are in a bubble. I expect a 30% sell off in these two segments of the US stock market within 2015. The main US stock indices to sell off 20% from current levels.
EUR/USD to target 0.90 in 2015. Gold to fall to 1050 USD in 2015.
European stocks to also sell off 20% from current levels in 2015. Eurozone bonds to sell off in 2015. The yield on the 10 year German government bond to target 0.7% in 2015. I expect eurozone GDP to grow less than 1.6% in 2015.
I forecast US GDP to grow less than 2.5% in 2015 year on year. US treasuries will sell off in 2015. The yield on the US 10 year treasury to target 2.7% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, March 13, 2015
Stocks, Bonds and New FX Targets!
Dear Reader,
I still expect US stock markets to fall 20% in 2015 from the current levels measured by the main indices. US tech stocks and biotech stocks are in a bubble and should fall more than 30% from the current levels. Eurozone stocks should fall 20% from the current levels.
US treasuries should sell off in 2015. The 10 year yield is to target 2.7% in 2015. Eurozone bonds should also sell off in 2015, they seem to be in a bubble. I think the 10 year bund yield could reach 0.70% in the rest of 2015.
EUR/USD and USD/YEN broke my targets of respectively 1.05 amd 1.20. So my new target for the EUR/USD is 0.95 in 2015 and for the USD/YEN 1.35 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
I still expect US stock markets to fall 20% in 2015 from the current levels measured by the main indices. US tech stocks and biotech stocks are in a bubble and should fall more than 30% from the current levels. Eurozone stocks should fall 20% from the current levels.
US treasuries should sell off in 2015. The 10 year yield is to target 2.7% in 2015. Eurozone bonds should also sell off in 2015, they seem to be in a bubble. I think the 10 year bund yield could reach 0.70% in the rest of 2015.
EUR/USD and USD/YEN broke my targets of respectively 1.05 amd 1.20. So my new target for the EUR/USD is 0.95 in 2015 and for the USD/YEN 1.35 in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, March 6, 2015
Currencies, Stocks and Bonds!
Dear Reader,
My forecasts for the foreign exchange markets are almost coming true. USD/YEN is already above 120 and EUR/USD is close to 1.05.
I still expect US stock markets to sell off in 2015 nearly 20% from the current levels measured by the main indices. Tech and biotech stocks should fall 30% from the current levels. US nonpublic and some public tech and biotech are in a bubble. Eurozone stocks should also sell off by more than 20% from the current levels disrupted by the US stock markets.
I expect the yield on the 10 year US treasury to reach 2.7% in 2015. Eurozone government bonds should sell of in 2015.
Gold to target 1050USD in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
My forecasts for the foreign exchange markets are almost coming true. USD/YEN is already above 120 and EUR/USD is close to 1.05.
I still expect US stock markets to sell off in 2015 nearly 20% from the current levels measured by the main indices. Tech and biotech stocks should fall 30% from the current levels. US nonpublic and some public tech and biotech are in a bubble. Eurozone stocks should also sell off by more than 20% from the current levels disrupted by the US stock markets.
I expect the yield on the 10 year US treasury to reach 2.7% in 2015. Eurozone government bonds should sell of in 2015.
Gold to target 1050USD in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Saturday, February 28, 2015
Stocks, Bonds and Emerging Markets!
Dear Reader,
After the Greece situation temporarily got settled there was risk on again.
I personally expect US stocks to sell off more than 20% from the current levels measured by the main indices. Biotech and tech stocks should fall circa 30% or more, because there are in a bubble.
Eurozone bonds should start selling off somewhere in the first two quarters of 2015. India and China look good value plays in the long term, even though the Federal reserve will raise rates.
I expect US treasuries to start selling off in 2015 as the Federal Reserve will raise the Federal Funds Rate. The disruption of the US stock markets will transpire into eurozone stocks and they will sell of again.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, February 20, 2015
Stocks and Bonds!
Dear Reader,
Gold broke briefly 1200 this week. Gold is about to target 1050 in 2015. EUR/USD should target 1.05 in 2015.
US stocks should fall 20% measured by the main indices from the current levels. US Tech stocks, especially nonpublic venture capital backed, are in a bubble, along with biotech. Both should decline more than 30%.
The disruption that the forecasted fall in US equities causes, should bring down German, French and euro area stocks in general. Yields on eurozone government bonds should rise in 2015.
The yields on US tresuries should increase in 2015 as well. The yield on the 10 year US treasury should reach 2.70% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, February 13, 2015
Stocks, Bonds and Commodities!
Dear Reader,
The eurozone grew a mediocre 0.3% quarter on quarter in the fourth quarter of 2014. I still expect 'periphery'(Spanish, Italian, Portuguese, Irish etc.) eurozone government bonds to sell off and their yields to rise in 2015.
US stocks should fall more than 20% from the current levels of the S&P 500. EUR/USD should target 1.05 in 2015. Mid-to-large cap oil companies and base metals producers look good value plays in the next 3-4 years.
Chinese and India equities look like good value plays for the next 2-3 years. Eurozone stocks(DAX, CAC, FTSE MIB) should sell off at least 20% from the current levels.
US treasuries yield should rise in 2015. The 10 US treasury yield can target 2.5% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
The eurozone grew a mediocre 0.3% quarter on quarter in the fourth quarter of 2014. I still expect 'periphery'(Spanish, Italian, Portuguese, Irish etc.) eurozone government bonds to sell off and their yields to rise in 2015.
US stocks should fall more than 20% from the current levels of the S&P 500. EUR/USD should target 1.05 in 2015. Mid-to-large cap oil companies and base metals producers look good value plays in the next 3-4 years.
Chinese and India equities look like good value plays for the next 2-3 years. Eurozone stocks(DAX, CAC, FTSE MIB) should sell off at least 20% from the current levels.
US treasuries yield should rise in 2015. The 10 US treasury yield can target 2.5% in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
Friday, February 6, 2015
Stocks, Bonds and Currencies!
Dear Reader,
The non farm payrolls results were predominantly positive. The Federal Reserve seems poised to raise rates in the second half of 2015. US and EU stocks should sell off and fall more than 20% from the current levels. There is a bubble in tech stocks. I know that the hottest public and nonpublic companies have revenues this time. They did not have in the dot com boom. The market capitalization this time is excessive and many hot technology companies look overvalued.
I am of the opinion that Greece will cause problems. Eurozone 'periphery' government bonds should start selling off in the first or second quarter of 2015. The yields on Spanish, Italian, Irish, Portuguese, French, Greek etc. will rise significantly in 2015.
Oil seems to have found a bottom. Gold should sell off and target 1050 in 2015. EUR/USD will target 1.05 in 2015. Volatility(VIX) will rise towards 30 driven by regulators. Currencies will be an interesting asset class in 2015.
Disclaimer: This article and posts on social networks(Twitter, LinkedIn etc.) are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost and posts on social networks(Twitter, LinkedIn etc.) are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
LinkedIn Bio:
https://www.linkedin.com/in/petar-posledovich-5236123/
I recently worked for almost 3 years as a Senior Expert at United Bulgarian Bank AD, part of KBC Group solely doing Market and Counterparty Risk. Before that I worked for 2.5 years as Chief Expert, Market and Counterparty Risk in DSK Bank, part of OTP Bank.
I have interned for 2.5 months with Deutsche Bank AG, worked for 8 months as Market and Counterparty Risk Manager at ING Wholesale Banking and for 1.4 years as Investment Associate at Unicredit Bulbank AD, Bulgaria.
Since November 2010 until July 2017, I was a Research Analyst at the Bulgarian National Bank, where I analyzed financial markets for managing Bulgaria's foreign currency reserves in an efficient manner.
I hold a Master of Science in Applied Mathematics(Financial Mathematics) and BA in Economics from Sofia University 'St. Kliment Ohridski'
I have done 1.5 year of graduate studies at the University of Constance, Germany and Erazmus academic exchange year studies at the Friedrich Alexander University of Erlangen-Nuremberg, Germany.
I am a Licensed Investment Consultant by the Bulgarian Financial Supervision Commission
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