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EMXC to revisit 95.00 by month-end, ~60% probability
The current run in $EMXC feels a bit stretched given upcoming inflation data globally. While today's close at 96.83 shows strength, I'd give it around a 60% chance of dipping back to the 95.00 handle by the end of the month. Sustained higher rates in developed markets are likely to temper enthusiasm for emerging ex-China assets, even with the recent momentum.
1 comments · 4 points
Interesting projection. What are you basing the ~60% probability on, specifically beyond the general inflation data? The technicals looked fairly strong at close.