INDY/EEM relative strength chart is reaching its all time high since the introduction of INDY ETF in Nov' 2009.
Background info: INDY is the Nifty 50 ETF trading on NASDAQ which mimics the Nifty 50 index.
EEM is the MSCI Emerging Markets ETF which invests funds in emerging markets such as China, India, Hong Kong, South Korea, South-east Asia etc.
INDY has been...
Fellow bountyhunters,
We can observe the relative returns of Nifty to other markets in the last 6 months. Observe and make your own inference. This is just to show where Nifty stands relative to other markets and momentum.
IEV- European Maretks ETF
EEM -Emerging markets ETF
EFA-Developed markets minus North America
EEMA-Emerging markets Asia
We seen some negative correlation between Dollar Index and Emerging Markets Index (EEM). Currently, the dollar index has broken a significant upword sloping trendline and is retesting the same from below. If this trendline now becomes a resistance, the we may witness further fall of Dollar and a bullish really in EEMs.
NYSE Arca
