Emerging markets have been under pressure right from June 2021 hopefully by Dec 2022 mean of the channel may give bounce.
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.
EM index at top end of recent trading range. No trade - can go either ways
EM index- has done well but might chop around for a while