Back in 2021, I posted about Emerging markets with a title "EEM. Emerging markets could drop within the last leg down" The plan plays out well so far and I found another educational pattern for you on it today. The Bear Flag appears in the chart as I spotted it on time. The price is still within the Flag and breakdown below the downside of the pattern would...
in this chart we look only at EM charts, and notice India and Indonesia are the exceptions as most markets still below 2008 in dollar basis... this is true not only for EM but for the utmost majority of markets in the world. few other exceptions i found are germany, switzerland, korea, japan, denmark & netherlands...
Hello traders! Today we will talk about emerging markets(EEM) and EURUSD. As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks. Emerging markets can be...
This is the spread between the S&P 500 and the MSCI Emerging Market Index. Notice how the trend has switched in favour of being overweight EM, underweight US. The change occurred as inflation and GDP were upgraded in EM countries, causing the USD to fall against other currencies in 2017, as capital begins to flow out of the US in search of higher yields. The...