CSEASI - Upward movement to continue?
ASI is setting higher support levels, breaking some of the key resistance levels. Higher highs and Higher Lows.
Overall sentiment is turning positive, with IMF Board approval about to take place.
LKR strengthening against USD and other foreign currencies
Rates set to decline
Inflation to adjust into single digit later
Economy is trying to back on its feet
Loss making SOEs restructuring to take place
Elections to strengthen the IMF arrangement with main opposition parties in unison trusting no way out other than through an IMF.
So 100bps hike to satisfy the requirement of IMF is only a mere arrangement to conclude the deal, hence "Bad News isnt Bad Anymore at CSE" knowing very well this would be the last hike agreed.
Overall sentiment is turning positive, with IMF Board approval about to take place.
LKR strengthening against USD and other foreign currencies
Rates set to decline
Inflation to adjust into single digit later
Economy is trying to back on its feet
Loss making SOEs restructuring to take place
Elections to strengthen the IMF arrangement with main opposition parties in unison trusting no way out other than through an IMF.
So 100bps hike to satisfy the requirement of IMF is only a mere arrangement to conclude the deal, hence "Bad News isnt Bad Anymore at CSE" knowing very well this would be the last hike agreed.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.