Eoin Treacy's view Thailand - found support in the region of the 200-day MA from February and hit a new recovery high three weeks ago. While somewhat overbought in the very short-term, a sustained move below 1000 would be required to check medium scope for additional upside.

Peru - heightened uncertainty surrounding the June Presidential run-off has resulted in widespread deleveraging. The market is now accelerating lower and considering that the election is not for another 6 weeks, it is safe to say that a degree of hysteria has gripped investors. If Ollanta Humala actually wins the election it is by no means certain that he will follow a policy of nationalization, particularly since the country needs the investment. The first clear upward dynamic is likely to mark a low of at least near term significance.