Got into some EWZ weekly calls as soon as the market picked a direction on the Fed pump.
Lower interest rate means the dollar drops, plus more money o pump the market.
Note that this is a quick flip, maybe as early as the open tomorrow.
Lower interest rate means the dollar drops, plus more money o pump the market.
Note that this is a quick flip, maybe as early as the open tomorrow.
Comment:
Brazil cut rates .5%, market should go up but this could hurt the currency. Hopefully the market goes up more than the currency goes down.
Trade closed manually:
Added some yesterday and flipped them all
Not as much money as I wanted, but I'll take it.
Not as much money as I wanted, but I'll take it.
Brazilian market opens before the US, so expect a gap tomorrow (hopefully up).