Brazil Charts Testing Lows: Double Bottom Coming?

By
A A A

Copom will meet tomorrow to decide on the next hike (25bps expected) and hopefully sound less hawkish now that they have gotten a little distance on inflation but helped the "real rate" profile.

Brazil Flag The market is dancing near the Feb 3 lows and not far off the July '13 lows.

Despite all the doom and gloom (GDP revisions lower, electricity rationing, falling China demand for ore), the Ibovespa ( quote ) maybe setting up for a "double bottom" at 45K on the index where we bounced last July.

Add this to your watch list. sg2014022554687



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

Referenced Stocks:

Emerging Money

Emerging Money

More from Emerging Money:

Related Videos

Stocks

Referenced

Most Active by Volume

36,586,989
  • $41.35 ▼ 2.29%
33,435,019
  • $42.20 ▼ 10.86%
31,919,424
  • $9.72 ▼ 8.30%
30,045,396
  • $26.49 ▼ 1.41%
29,014,873
  • $8.05 ▼ 8%
27,308,018
  • $14.66 ▼ 8.32%
23,704,242
  • $118.93 ▼ 0.06%
23,514,654
  • $17.04 ▼ 0.41%
As of 11/28/2014, 01:06 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com