This morning we see a heavy selloff in the early trading hours. We reached a new low @ 10.109 Points.(-3,12%)
Responsible for that selloff are unexspected weak chinese economic data and the weak us-market-close.
Furthermore the resign of the greek premier and the idea of new elections increased fear and insecurity again.
The chinese industry dissapoints again: The Caixin-PMI für the manufacturing Industrie collapsed in August to 47,1 Points.(48,1e). Shanghai Composite closed -3,8%. Asian currencies are under pressure again and increase fear und unsecurity of an ASIA-crisis again.
Currencies are ruling the market!
The greenback appreciated round about 25% within one year.This caused several things at the market:
The revalued USD caused a commodity-bearmarket, bad Outlooks within the earning season and the simultaneous depreciation of the EURO caused a bullmarket in europe with bad Impacts for some emerging markets. The Oil Price crashed, Gold was weak.
During the german market rallied from 09/2014 -04/2015 we saw a conolidation in the EURO and a Rally in the US-DOLLAR.
Since Q2/15 we see a correction of the usd - dax consolidated. as Long this correction is going on - the german market will suffer from that
Responsible for that selloff are unexspected weak chinese economic data and the weak us-market-close.
Furthermore the resign of the greek premier and the idea of new elections increased fear and insecurity again.
The chinese industry dissapoints again: The Caixin-PMI für the manufacturing Industrie collapsed in August to 47,1 Points.(48,1e). Shanghai Composite closed -3,8%. Asian currencies are under pressure again and increase fear und unsecurity of an ASIA-crisis again.
Currencies are ruling the market!
The greenback appreciated round about 25% within one year.This caused several things at the market:
The revalued USD caused a commodity-bearmarket, bad Outlooks within the earning season and the simultaneous depreciation of the EURO caused a bullmarket in europe with bad Impacts for some emerging markets. The Oil Price crashed, Gold was weak.
During the german market rallied from 09/2014 -04/2015 we saw a conolidation in the EURO and a Rally in the US-DOLLAR.
Since Q2/15 we see a correction of the usd - dax consolidated. as Long this correction is going on - the german market will suffer from that
Nota
nothing really has changed.....
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.