The Nikkei fell rather rapidly during the course of the week, closing below the ¥15,000 level. This of course is a very negative sign, and we are starting
The Nikkei fell rather rapidly during the course of the week, closing below the ¥15,000 level. This of course is a very negative sign, and we are starting to test serious support. A bounce is likely, but quite frankly we think that is going to end up being a selling opportunity. Ultimately, stock markets around the world look very depressed, and the Nikkei of course isn’t going to be any different than the rest of the world, and that should mean this market can be sold again and again.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
