Emergin markets - still downtrend
Updated
hi,
please look on the Emergin Market Index EMBASKE - it is real downturn.
All signs shows especially like always RSI - that move of the index is still on the south. RSI is very weak, sometime you can see a sign a swing up only to cut of stop loss.
Looking on the geopolitical problem, there can be always new crisis - or gas, or war, or other conflict.
I think that main point of problem will be a winter.
Remeber that FED is still on the track to increase rates, inflation in USA is still high, these are really negative signs. I suppose that 2023/24 we can see a bottom of the index and stagflation on the USA market. If USA will be to strong in USD currency, the rates will have to go down, USA cannot all the time pay a high yields and high percentage of their debts of bonds. Lot of companies in SPX index earn money on other markets like polish.
EURUSD very quickly came down - right now it is stopped, but in basket of EUR there are for example my currency - PLN or other European countries currency.
If EURUSD will go down, all other currencies will move also down, and all the index will go down.
I wish you good luck.
Orlenik, adasstadnicki
please look on the Emergin Market Index EMBASKE - it is real downturn.
All signs shows especially like always RSI - that move of the index is still on the south. RSI is very weak, sometime you can see a sign a swing up only to cut of stop loss.
Looking on the geopolitical problem, there can be always new crisis - or gas, or war, or other conflict.
I think that main point of problem will be a winter.
Remeber that FED is still on the track to increase rates, inflation in USA is still high, these are really negative signs. I suppose that 2023/24 we can see a bottom of the index and stagflation on the USA market. If USA will be to strong in USD currency, the rates will have to go down, USA cannot all the time pay a high yields and high percentage of their debts of bonds. Lot of companies in SPX index earn money on other markets like polish.
EURUSD very quickly came down - right now it is stopped, but in basket of EUR there are for example my currency - PLN or other European countries currency.
If EURUSD will go down, all other currencies will move also down, and all the index will go down.
I wish you good luck.
Orlenik, adasstadnicki
Comment
I suppose that we missed button, DXY is very weak like for me.Big change, moves, volatility on the market
WIG - polish index made already 20%
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