ARSUSD: Long pesos, yes...long.

a year ago
Here I am with a little contrarian idea.

There's a nice 15% spread to be filled when comparing the Argentine peso to the other South American economies.
The stock market also took a nose dive and is poised to retrace, since it's possible that live cattle             and soybeans             will head up from this point (and the Merval has a healthy correlation with those two among other agriculturals, for obvious reasons).

That being said, to my fellow countrymen, this is a nice low risk trade, upside is 15%, downside is merely 2%. Sell dollar for 13, buy back at 10-11, give or take, and or invest in other assets once we reach that target.

Good luck,

Ivan Labrie.
a year ago
Comment: South America going up.
a year ago
Comment: Relative strength speaking, ARS is holding its own. If you took my advice of long ars and short clp, you'd be in some nice profit now.
a year ago
Comment: Spread is finally closed. Looking to short ARS soon.
a year ago
Comment: Another nice spread trade opportunity with CLP. ARS lagging South America currently.
a year ago
Comment: The gap in ARSUSD and CLPUSD is considerably wide. I expect oil to move to the upside, this would boost BRL and ARS for sure. Copper on the other hand, looks extremely choppy, not as clear an uptrend and is up against a high volume node right now. We can take a shot at the spread trade again, long arsusd, short clpusd.
Are you shure? i think go in a long time to $17
IvanLabrie PRO MauricioGimenez
a year ago
The dollar isn't particularly strong, and copper, oil and other south american currencies are rallying.
The peso will follow suit. Fundamentals call for a controlled decline, or even a retracement after the shock event.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out