We have good numbers in the macro, CPI 3% in the USA, it is most likely that interest rates will not rise in the United States given the good results, therefore interest rates in Colombia should not rise any more, if we analyze the money supply In Colombia, with respect to GDP, it has been decreasing after the pandemic. Stocks in the United States will enter a bullish market and the dollar will continue to fall. We will have a dollar at 3,950 in Colombia before October 1st as long as the local environment is stable in the markets, an example could be if President Gustavo Petro does not print money. As indicated in the graph, there may be two scenarios where the dollar rises to 4,200 before reaching 3,950, however according to my idea, regardless of the path in these next few days, the final destination would be 3,950 before October 1.
Any clues as to how far will it fall. Will it reverse any time soon? Thank you.
CharCapitalG
⋅
@johnsaldana, hey thank you for commenting on the post, to be honest I think the Dolar is getting manipulated right now, you can check and compare DXY with the usd-cop the correlation ends at the beginning of the year, the same with the oil and the correlation with the usd-cop. So I think the Cop is going to get value during the year but not with real reasons, only because the government want to show stability. We were in a box the last week but we break down so the next stop should be around 3600. In the following link you can check my chart updated tradingview.com/chart/O10zMxwZ/
MARKETDATASHOW
⋅
U called it
CharCapitalG
⋅
Today it reach the target price as the prediction with the analysis.
From mod @zAngus