Technically the market is sitting on some pivotal levels, esp. in GBP. Gold is nearing resistance at 1420ish.
Short term, the market appears to be unconvinced taper will begin in Sept, but cautious as taper WILL begin at some stage. I suspect it's going to be more of the same sideways action the coming weeks until the next black swan news hits.
Emerging markets have been hit hard over the last few weeks, I don't know the driving force. I think the best thing to do next is to take a few steps back, retreat to the sidelines and watch from there for a bit.
Emerging markets have been hit hard over the last few weeks, I don't know the driving force. I think the best thing to do next is to take a few steps back, retreat to the sidelines and watch from there for a bit.
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