Although solid and much better than expected jobs report in USA last Friday but most Asian markets are flat to weak barring Nikkei 225 despite strong Rally in US markets last Friday because:-
1- Fed may taper QE-3($85 billion per month Bond buying programme) sooner rather than later after better jobs report.
2- Dollar Index is trading at 2 months high therefore other currencies may be weak.
SGX Nifty is trading more than 40 points down today morning because good news from USA may result bad for other countries economy therefore correction completion confirmation is must for Wave-3 rally continuation in Indian Stock markets.
1- Fed may taper QE-3($85 billion per month Bond buying programme) sooner rather than later after better jobs report.
2- Dollar Index is trading at 2 months high therefore other currencies may be weak.
SGX Nifty is trading more than 40 points down today morning because good news from USA may result bad for other countries economy therefore correction completion confirmation is must for Wave-3 rally continuation in Indian Stock markets.