DBD Strategy Daily - EMERGING MARKETS : MORE SELL SIGNALS
Emerging Markets continue losing ground. There is no hiding from that bearish wave. Today, Indonesia is amongst the worst performers, its currency reaching levels it has never seen in the XXI century. Singapore too is falling, and signalling more downside as it breaks below a major support. Yet, the Singaporean Dollar is a considered a sort of safe-haven. The major source of tension we can foresee remains Chinese-American trade war. Whatever is said, the Yuan is still in a downtrend and Chinese b-shares too.
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