Asia-Pacific equities were in decline for a third straight day, as investors braced for a possible conflict in Ukraine according to FT.
NIK and HSI seems to soon start falling. There is no doubt that West and Asia had not expected Russia to bite back in the way they have and probably will do soon.Now it is up to EU to think again about the last package of sanctions. The fundamental things outside economy seems to get a bigger impact on the markets than preciously thought. It is still summer vacation for the EU leaders but hopefully they take the Russian threat serious. Gaza, Argentina problems seems to affect the markets as well.
The technical picture for the indexes should have started a rally on upside already but so far only small movements. This week has lacked bigger US economic news so far which also could have been the reason for the inactive indexes, The EURO is in my view together with GOLD, very important to follow now when the fundamental situation is getting worse regarding wars and sanctions.
Currently SP500 and DOW looks like a rally can come today or Friday but we have had this technical situation already earlier but nothing has happened.
NIK and HSI seems to soon start falling. There is no doubt that West and Asia had not expected Russia to bite back in the way they have and probably will do soon.Now it is up to EU to think again about the last package of sanctions. The fundamental things outside economy seems to get a bigger impact on the markets than preciously thought. It is still summer vacation for the EU leaders but hopefully they take the Russian threat serious. Gaza, Argentina problems seems to affect the markets as well.
The technical picture for the indexes should have started a rally on upside already but so far only small movements. This week has lacked bigger US economic news so far which also could have been the reason for the inactive indexes, The EURO is in my view together with GOLD, very important to follow now when the fundamental situation is getting worse regarding wars and sanctions.
Currently SP500 and DOW looks like a rally can come today or Friday but we have had this technical situation already earlier but nothing has happened.
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