August tends to be negative for emerging markets. Stocks such as HSBC are right at major support. Some such at LFC have similarly large topping patterns. CHL looks primed for a breakdown with support maybe around $25. I don't think the March 19 low at $29 and change will hold if tested.
Bank of Canada to cut rates first?
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Statistics Canada released the consumer price index (CPI) for the March
quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in
Februa...
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