Long term buy EEM on pullback to broken downward trend line. Wave 3 imminent.
During the month of September, the Chilean indicator has moved a lot, where with the rebalancing product of the departure of 10 companies, the 30 that stayed have suffered several changes in their weighting, which undoubtedly affected this week, coinciding with a bad debut of the new method. However, when refining the pencil, we can be at a decisive moment and...
Fundamentally , within the context of the current currency crisis experienced by emerging market economies, the dollar index is set to go to new highs in the upcoming weeks. Capital flights from weaker economies will pump into the dollar. This should have a strong effect on the valuation of the most important currency in the world. Turkey, Iran, Venezuela, Russia,...
another short for EZA, told you lads back in March this was a layup
TEO breaks out of deep falling wedge from half its value earlier in year. * Paid a 17.45% dividend last year and known for double digit dividends * Telecom 5G play for new subscribers in 2019, or watch until 2019 entry at higher price, likely near $30. * Growing mid-cap telecom, cable, cellular provider * Fell out of favor on negative earnings miss building...
Bearish shooting star pattern right into channel resistance and just below major resistance line. You'd have to off your rocker to buy EEM exposure here, not with Fed day next week.
Last week market sentiment was very optimistic -> however, trade war destruction goes on Daily 61.8 Fib level was supported by two bullisih candles -> entry setup with 1:3 RR.
ENIA is a company that has gotten smashed with most EM's over the past few months, but has had no fundamental changes. Price recently bounced off support at $7.00, and is up over 10% since then on big green volume. This is an easy long to hold over the next few months. My price target is $11.
In this chart exercise, it becomes blatantly clear why the Aussie is often referred to as a proxy for emerging markets. We've created an EM-weighted index with 7 currencies (Argentinian Peso, Turkish Lira, Russian Ruble, South African Rand, Chinese Yuna, Indonesian Rupiah, Indian Rupee). Do you notice the extremely strong negative correlation? As long as the...
You do not have to be a genius to see the huge similitures of the past charts of the emerging markets msci of exactly 10 years ago¡ , specifically in 2008, where you can clearly see an upturn in investment in these markets msci very, very strong up, reaching a summit to explosion and crach donw , it can practically be seen as a carbon copy 10 years later the...
The markets will be relaxed on Turkey so long as we remain below the 6.50 level. Until that level is broken, short-term bears hold the upper hand and EM stress is likely to be contained.
The USDTRY is relaxing a tad, and the short-term bias has turned south for the first time in weeks. The Turkish Central Bank meets this week but so long as Erdogan continues with his current political stance (adversarial stance vs. Western Countries) there is little hope for the Try. Take note of the key levels.
BTC mimics MSCI Emerging Markets Curr Index / US Dollar Index. The similarity is visible! Bitcoin price is the green line. Thanks to my friend @EnginSavas for this idea
More emerging market stress today, with USDTRY probing yesterday's high and a break will generate a new continuation move higher. Look for intraday pullbacks to be bought. So long as we remain in positive territory today, this thing can press higher.
Judging by the state of play in the emerging market currencies, it's little wonder that the AUD/JPY has been performing so badly. Brushing aside the domestic affairs in the Australian economy and its implications for a more dovish RBA, this chart, which factors in equally weighted proportion the IND, IDR, ASR, TRY, RUB, CNY and ZAR as a rough indicator of the...
Emerging Markets are once again under a tad of pressure with USDTRY, USDARS, USDBRL higher in early trade. This is no doubt aiding the USD rally (or is it the cause?).
This is the Dow Vs the China index post Trump. If you believe the media at this point, that China isnt sweating about this, I don't know what to tell you. I'd get out of emerging markets for now and let this dust settle. Turkey, Argentina are just the first, South Africa and Indonesia, will Follow, and China will fall until they make peace with Trump. I'd focus on...
The collapse of the Peso has accelerated after President Macri called yesterday for the IMF to accelerate disbursement under its standby programme amid rapidly deteriorating market sentiment. The Argentinian central bank hiked rates from 45% to 60% in a forceful attempt to shore up confidence. However, despite the hike, the Peso has continued to weaken. The ball...