nikkei121e

nikkei121e

The China market is very dependent on several industries: Technology, Real Estate, Manufacturing. Chip Shortage, Evergrande defaults and Power Outages directly opposes the rise in these industries. Triple Whammy.

nikkei121e

Contagion risk is just too great. Evergrande has no update after 2 days of halt is over and this technically triggers the SUSPENSION status under HKex rule. China stocks' overleverage is a systemic issue. Those banks that made the decision to lend, did so under provincial officials encouragement, who are 'encouraged' are the developers. Everyone win-win. Now the...

nikkei121e

Determined recovery in the US economy pushes demand for the dollar against EUR. US govt may not like the strength in the dollar at this stage but the sentiment towards risk averse stance continues.

nikkei121e

Looks like Elliot Wave formation. Going by the weakness in the EU markets and that US is poised to recover strongly once herd immunity is achieved substantially.

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It is entering the corrective cycle.

nikkei121e

excessive JPY leaning leads to rebounce followed by a retracement to JPY demand with a potential break of channel floor.

nikkei121e

Butterfly forms when the market is uncertain over the short term. Lookout for profitable springback. And eventual fall back after one more peak. Similar pattern spotted in 1997-98.

nikkei121e

The USD has strengthened against EUR along with the trade war. Rate hikes expected.

nikkei121e

resistance around 1.23415