The Hang Seng Index (HSI) and the Nikkei Average (JPN225) was not spared the contagion effects for the second consecutive declines in the market. And thus spilled over to commodity currencies affecting export oriented markets where the Chinese Reminbi have played a vital role. And for all intents / purposes for China to stay competitive and attract more with the export industry as part of their grand plan to include and be accepted for the Chinese Yuan as part of the basket of currencies traded worldwide.
Negative sentiments would still stay and be felt in the market today and succeeding days to come until a new economic data changes the overall picture of price behavior in the market place. With the USD Index @96.57 to this writing have softened its stance since our market call. Volatility will be present at this time where trade directions will remain on both sides of the trade. The Dow Jones decline is just a fresh round of a series of expected declines in the near term.
A follow-though on the Dow, HSI and the JPN225 charts would have similar trend fashion for the prices direction more towards a weekly summary compared to a probable daily price pullbacks that would provide price uncertainty for investors alike.
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