Karpel’s Corner: Russia Sanctions Hurting EU Markets

July 31, 2014
By Vlad Karpel

Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today‚Äôs post!

The sanctions on Russia ($RSX) have put pressure on the other Euro-zone countries. We are seeing long-term support either threatened, as with 200 SMA on $EZU, or broken like we see in EU economic superpower Germany ($EWG).

In addition, EU yields are now in the toilet and dragging the Ten Year ($TYU) down at ~2.4 percent.

While it’s true that some of the recent downward pressure on the European markets can be attributed to the Federal Reserve and the current strength of the dollar, U.S. Treasury buyers beware: the rising Dollar ($UUP) should have Gold Bugs ($GLD) on alert, creating even more downside pressure.

See you next time at the Corner!


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