Last 30 hours Global markets were on that news based which was originally bad news(U.S. said quarterly growth may be weaker than expected) but expectation emerged that QE-3 will remain continued and U.S. central bank will not slow its bond-buying programme and resultant all the Global markets blasted. All the Global Financial markets crashed on 20-06-2013 after Fed Chairman Ben Bernanke announcement that the U.S. central bank would slow its bond-buying programme if the U.S. economy continues to strengthen.
It is beyond understanding that why Fed Chairman Ben Bernanke could not understand and within one week U.S. economy growth turned weak and how he will not be able to slow bond-buying programme as well as reverse his decision within one week. We don't know the fact and why such illogical things are coming from USA but resultant all Global markets are showing violent volatility on such highly confusing US announcements and assessments.
Markets are only news based now a days and US markets were almost 1% up today after yesterday good gains and European markets also closed strong today after yesterday good gains. Indian Rupee was also highly volatile in last 2 sessions therefore it will better to wait for 1/2 sessions and let market free from all these uncertain news flow then final view will be formed according to conclusive technical positions formations.
It is beyond understanding that why Fed Chairman Ben Bernanke could not understand and within one week U.S. economy growth turned weak and how he will not be able to slow bond-buying programme as well as reverse his decision within one week. We don't know the fact and why such illogical things are coming from USA but resultant all Global markets are showing violent volatility on such highly confusing US announcements and assessments.
Markets are only news based now a days and US markets were almost 1% up today after yesterday good gains and European markets also closed strong today after yesterday good gains. Indian Rupee was also highly volatile in last 2 sessions therefore it will better to wait for 1/2 sessions and let market free from all these uncertain news flow then final view will be formed according to conclusive technical positions formations.