Just some ideas about the impact of the bear market on Eastern Europe in coming months:
Saturday, May 26, 2012
USDHUF as a mirror of Eastern Europe
Just some ideas about the impact of the bear market on Eastern Europe in coming months:
The first impulse
The picture in the markets seems to get clearer.
In my opinion, next week we're going to finish the first bear impulse for the DOW. The currencies also seem to start looking to stabilize before the correction of the downtrend will start.
Among all indexes, The Dow has the clearest picture:
And as for currencies, I expect euro to over perform the commodities dollars (AUD, NZD, CAD) before the bottom of this impulse (in DOW) is reached. The base for EURUSD will be probably built over 1.24 level:
In my opinion, next week we're going to finish the first bear impulse for the DOW. The currencies also seem to start looking to stabilize before the correction of the downtrend will start.
Among all indexes, The Dow has the clearest picture:
And as for currencies, I expect euro to over perform the commodities dollars (AUD, NZD, CAD) before the bottom of this impulse (in DOW) is reached. The base for EURUSD will be probably built over 1.24 level:
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