EEM to be supported by weaker USD and lower rates in 2024
I started to believe that as yield trends are changing globally, and yields will likely be lower in 2024, while I expect USD to trade rather a little weaker, this all should help Emerging Market Stocks to reverse and start to show a better relative performance against SPX and DAX.
Key technical levels to watch are 40.20 and 42.
A close above 40.20 would strengthen bullish bias, while a close above 42 on a weekly basis would also confirm a long term bullish trend.
I see better risk/reward in Emerging stocks from these post covid era levels, than for US or European markets.
Key technical levels to watch are 40.20 and 42.
A close above 40.20 would strengthen bullish bias, while a close above 42 on a weekly basis would also confirm a long term bullish trend.
I see better risk/reward in Emerging stocks from these post covid era levels, than for US or European markets.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.