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  1. #1
    Veteran Member Ammeo's Avatar

    The Nikkei Bubble busted at last.. !!!

    From 15800 to 14400 level in a single day, thats almost -7.2% in a single day.
    The huge drop came after HSBC said manufacturing activity in China contracted in May for the first time in seven months in another sign of the weakness of recovery in the world's second-largest economy.

    I personally expect a further downtrend before it may start making recovery in July..

    Here's my trade on Nikkei..

    http://forums.binaryoptionsthatsuck....xpiry-1-month)

  2. #2
    Legendry Member Michael Hodges's Avatar
    the nikkei is in for "Mr. Toads Wild Ride". All that free money from the BOJ was just sitting on the table waiting for someone to scoop it up. Hopefully some of that new cash will find its way back into the economy through increased spending and investment. Good trade on the Nikkei, I'll be looking for similar trades myself. . .

  3. #3
    Legendry Member milos's Avatar
    Quote Originally Posted by Ammeo View Post
    From 15800 to 14400 level in a single day, thats almost -7.2% in a single day.
    The huge drop came after HSBC said manufacturing activity in China contracted in May for the first time in seven months in another sign of the weakness of recovery in the world's second-largest economy.

    I personally expect a further downtrend before it may start making recovery in July..


    http://forums.binaryoptionsthatsuck....etary-PoliHere

    Here's my trade on Nikkei..

    http://forums.binaryoptionsthatsuck....xpiry-1-month)
    I has mentioned that Nikkei fell 7.2%.

  4. #4
    Active Member rockettrader's Avatar
    The Nikkei really fell by 7.2% but it could be not a very long lasting drop. It was initiated mainly by the overall sentiment against the US dollar and that reflected on all the stock markets around the world because of their us dollar positive correlation.

  5. #5
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by rockettrader View Post
    The Nikkei really fell by 7.2% but it could be not a very long lasting drop. It was initiated mainly by the overall sentiment against the US dollar and that reflected on all the stock markets around the world because of their us dollar positive correlation.
    I don't think it was sentiment of the dollar so much as the BOJ and all the extra yen it's been pumping into the Japanese economy.

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