The analysis of Leading indicator for the global economy... Index is at critical levels.. Break up or break down .. Which one ?? I think we should focus on trade between US with China... This weekend, Chinese export is announced higher than expectation and GDP growth announced as expectation.. but yet not enogh for Chinese economy.... Market players wait more...
I think stay long on USDJPY @ 80,5/ 81,20 When I look Fundamental analysis I show that market buys news. For example, Mr.Rajoy will need bailout program, Mr.Draghi will implement Outright Monetary Transaction. Above all, when you focus on Japan, the new cabinet promised JPY value lower.Because Japanese economy sends too much alerts.. At least, USDJPY stronger...
S&P index trades in trend channel. We are live cautious term on global markets although the chart keeps its uptrend. Basic Rule: Buy low, sell high.. I believe we'll see same thing.. Near term TP is Fibo Level @ 1424... Best Trades...
Market players wait Spanish Bailout news.. Rule: Buy the news, Sell the actually.. I think we will live this story on next days.. I believe that PM Rajoy will release need bailout before on Oct 18- 19. If my plan come true, target 2 can be lower than this level . Then again, we will focus on US election..
Wait and See mode... Buy lower ... I will be bullish on nearly 79.00
If you focus on Turkish economy,you will see some problems.The biggest problem is CAD.Therefore,Turkish economy needs of foreign funds.When stimulus or QE terms,TRY is appreciating.Foreign funds come to Turkey.Because,Turkish interest rate higher than the other goverment.(Now 7.50 %) So the country is paying the debt. This is good for both sides. (I expect new...
Yesterday,Euro was sharply up.Investors liked Mr.Draghi bond buying programme and believed Euro is irrevisible. Adds,US economic datas showed economy is slowing down.Especiialy,NFP and ISM Manufacturing Index announced lower than expectation.Mr.Bernanke warns labour market.NFP big miss on yesterday.ISM has high correlations with US GDP.ISM falling for three...