A new trading video looking at the sell off in the equity markets and the weak bond markets.
- There’s a look at the key 12,200 level for the Nikkei, i.e. a 50% retracement. Is the sell-off overdone?
- The dollar/yen chart suggests we could move back to ¥93.60, i.e. a 38.2% retracement.
- There’s also a quick review of the FTSE 100 and AUD/USD.
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Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.