Fed Tapering and Emerging Market Turmoils Dominated, Yen and Dollar Strengthened The turmoils in emerging markets and Fed's tapering remained the main theme in the financial markets last week. The intra-week recovery in stocks was brief as DOW extended recent fall to close at 15689.85. And important near term support level at 15703.79 was broken which suggests more weakness ahead. S&P 500 was relatively steady as it turned sideway after initial fall to1770.45 and held on to corresponding support level at 1767.99. Treasuries yields extended recent fall on safe have flows with 30 year yield closing at 3.622 while 10 year yield closed at 2.668. On the other hand, dollar index rebounded strongly to close at 81.31 and is seen heading back to key near term resistance level of 81.48. Full Report Here... | 
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