A soggy session for the Nikkei as yen buyers prevail 24 May 2016
- open 16605.04
- high 16605.04
- low 16471.37
- USDJPY 109.18 still on the back foot but with demand/support into 109.00
Throwing in the towel.
Deutsche Bank reckons European equities are all juiced out, and has cut its target for the end of the year for the pan-European Stoxx 600 index from 380 to 325. (It’s now at around 335.)
In a note, the bank says:
The combination of weak global growth, Fed risk, a likely fade in China’s growth rebound and fragilities in the US high-yield credit market significantly undermines the upside case for European equities from current levels.
A trader who blames losses on a “rigged market” tends to blame life setbacks on others. Act like a man by taking responsibility, no excuses.
Above is Daily chart of NIFTY SPOT
Look at Head & Shoulder…………………….Let’s see it works or not ??
Head Height 226 points
7750-226 = 7524 ???
Will it cross 7944 and stays above ??Then ??
Technically Yours/ASR TEAM
Nikkei paring back earlier losses on renewed yen strength.
Meanwhile in China the SCI is 2801.41 down -1.48% in a range of 2789-2828 so far as we head into the final hour.