The Brazilian fiscal issue is not going well. Therefore, it directly reflects on the IBOV index, especially for companies linked to the domestic economy, which is very dependent on family income and low interest rates (SELIC) to keep their activities up to date.
This was already written in the stars. Sometimes we need to be seers. Lol
The growing number of RJ...
“Emerging markets conclude 2023 on better note than developed markets” – S&P Global Market Intelligence.
How much of this has been reflected in the respective market indices?
Figure 1: Ibovespa and E-mini S&P500 Index Futures
Figure 1 presents a retrospective view of the Ibovespa Index Futures (IND1!) and E-mini S&P500 Index Futures (ES1!) since the onset...
Looks like large and mid-sized companies in Brazil will have a nice little run up in the coming weeks. Chart is bullish on daily and weekly cycle. Taking a long here.
There has been a lot of propaganda of late talking about the BRICs will replace the US
or China Yuan will etc.. this is flat-out silly talk designed to influence unsuspecting
people for political purposes.
This chart BKF/SPY is a comparison chart BRIC and the US. However, BRIC is now BIC
since Russia has been cut out by US sanctions. In my view, BIC is...
This week, the focus of many traders will be on US inflation data, which will provide valuable insights into the Federal Reserve's monetary policy outlook.
The forecasts indicate a potential 0.2% increase in both headline inflation for December and the core rate. On an annual basis, the headline inflation rate is anticipated to rebound to 3.2% from November's...
NUBank - NYSE:NU
⚠️We already lost the 21 SMA
✅Raised my stop to $7.55
Good news is we have POC under price and we had two touch downs to the $7.70 level. IMO if we lose these both, the diagonal line too will be lost too & id rather get some of the position off the table.
I still think we can bounce and go higher with a wave 5 extension higher. You could...
NUBANK - NYSE:NU
A beautiful case of Technical Analysis providing all the structures for a winning trade. First shared this idea earlier in the year. It was just an idea....now we are almost 100% up.
Surpassed 90% return on this trade since taking up positions in June 2022 and again in Jan 2023.
I sold a portion in Aug 2023 with a breach of the 21 day SMA...
Soybean prices have been on a rollercoaster fuelled by turbulence over the last month amid elevated weather concerns, changing production yields, and geopolitical upheavals affecting prices. Winters are vital for bean traders. This paper delves into the various forces at play to guide traders and portfolio managers to navigate through the rough weather....
While not a perfect construction this does look like an inverse Head and Shoulders. A break above the neckline resistance at 39.85 should see this poised to move to 42.00 and then the target of 43.30 which is almost 9% higher. Note price has been consolidating above the 200dma now for 13 days which is quite significant and i think the probability favour an upside...
We already know that coffee beans have always been one of the most traded commodities in the world, specifically second, so why the sudden interest again?
Figure 1: Summary of World Coffee
In recent years, global consumption has increased at a higher rate than production due to pent-up demand. This rather large deficit in balance in the past two years puts...
Howdy fellas,
I am Brazilian by origin so this matters to me.
It's a chart that I always check, as I every now and then exchange these currencies (as well as the euro related to Brazilian real).
Now we all know at some point the dollar index needs to take a step back and retrace.
It could continue to push higher against other world currencies, but that...
Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company engaged in the energy sector. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and...
FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
BRICS (without Russia and South Africa) appear to be ready to make a move here as it breaks out from a long-term downtrend while bouncing off the longer bottom support area after a PSYCH play lower.
This is a great risk-reward setup to catch a nice wave up. This particular setup doesn't come along very often as you can see.
Make sure to follow as I will be...
On a weekly time frame, the Brazilian Real has experienced a downward trend since 2011. There are several reasons that have contributed to the market's inflation and the weakening of the Brazilian economy against the US Dollar. These reasons include factors such as job vacancies, high crime rates, corruption, and a complex tax system.
The chart analysis...
Soybean is among the world’s most traded crop. It is used in various industries. Soybean drives global food prices. It can tilt trade balances of an entire nation.
This paper describes the importance of Soybean. It lists key producers, consumer and maps the harvesting cycle across the calendar by top producing countries.
Given rising Brazilian exports, higher...
Sugar prices have soared this year, up +21.6%1 owing to concerns about tight global supplies. Lower Indian supply coupled with weaker than expected output from Thailand, (at the second and third largest sugar exporters respectively) continue to provide a tailwind for sugar prices. While Brazil’s harvest in the coming months is expected to be strong, logistical...
