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EXCHANGE RATE PREDICTION: 2022

OBSERVE THE MARKET IN COMING FEW WEEKS Vote_lcap16%OBSERVE THE MARKET IN COMING FEW WEEKS Vote_rcap 16% [ 43 ]
OBSERVE THE MARKET IN COMING FEW WEEKS Vote_lcap21%OBSERVE THE MARKET IN COMING FEW WEEKS Vote_rcap 21% [ 58 ]
OBSERVE THE MARKET IN COMING FEW WEEKS Vote_lcap30%OBSERVE THE MARKET IN COMING FEW WEEKS Vote_rcap 30% [ 83 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » OBSERVE THE MARKET IN COMING FEW WEEKS

OBSERVE THE MARKET IN COMING FEW WEEKS

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1OBSERVE THE MARKET IN COMING FEW WEEKS Empty OBSERVE THE MARKET IN COMING FEW WEEKS Mon Mar 14, 2016 4:49 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Major Asian markets were faring well on March 14th. Similarly western countries experienced 4 week win streak as energy sector is up with global oil price hike.
Contrary to that, ongoing pattern of SL market said to be the recent outcome of downgrading status concluded by international ratings groups. Additionally, poor fiscal consolidation coupled with continuing tax policies keep distracting high end investors.

Is there any validity to say that profit taking has dropped the market today (March 14)? If so, once profit-taking is over market should be in right track again until next profit-taking stage. I guess that the complexities in the market are further aggravating rather resolving. Simply, investors do not want to invest their money in mid to long term. None is capable of concluding what would happen to market in coming weeks to come other than just observation of investors’ appetite.

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