Reducing EPS Losses peaked in March 23 at Rs -2.6
For the Quarter ended Sept 23, EPS losses nearly doubled at Rs -4.6
The Stock Prices over the past six months is averaging Rs 900.
Target Rs 600 by March 2024
1) Losing Market Share in Android phones
2) Slump in the semiconductor unit
c) Like China, Korea is going experimenting with Socialism
d) Valuations are not attractive
e) Out of the risning channel last June (2022) & now moving in the the red downward channel.
Doesnt bode well for MSCI EM either as its made up of 3.5% Samsung
Dollar and EM markets.
A non Brainer with 1:1 correlation.
The DXY (black line) is inverted to show the coorelation with EM.
Strenthening Dollar means weaker EM and vice versa.
Soince with rate ris eback inti the limelight, the DXY should rally an dEM would be under pressure. The weakness of Chines Equity markets which makes up 31% of MSCI EM would also be a factor.
Emerging markets equities had to clear many hurdles in 2022 but began to recover in the fourth quarter.
But technically, there are hurdles, The Red sloping line of 2021 is the prime example.
After the steep drop in equity markets overall in 2022, It is believed that emerging markets equities may be one of the most mispriced asset classes, with attractive...
US technical recession confirmed with Atlanta Fed GDPNow data indicating retraction in Q2, two consecutive negative GDP prints. While US stock markets have already experienced the worst first half of the year in more than half a century.
Typically in a bull market, this would signal the bottom of a retracement is already in or nearby. Unfortunately, this isn't a...
A speck in macroeconomics of a strategically challenged geography, a spectacle to how minions react to changing global landscape, division of east and west, reformation of blocs, and looming world war.
As for forecast, 1 USD should buy 350 PKR today, but the whole point of SBP autonomy is to balance the market against kleptomaniacs, who in past had little means...
Hello traders,
topics covered today:
- USDMXN starting to make the right noises picking up from a major low, after retracing nearly all of the pandemic upswing;
- MXN futures volume showing strong selling today, with volume consistent and confirming the inverse move over in USDMXN spot;
- WTI Crude Oil futures, one of the Mexican Peso's drivers, is stuck in a...
The iShares MSCI Emerging Markets ETF (EEM) is on bearish 1W price action (RSI = 41.481, Highs/Lows = -1.8644), repeating a pattern last seen in April 2011 - May 2012. During that period the price was rejected at 44.90, crossed below the MA50 and MA200 and found support just over the 0.786 Fibonacci level before recovering 100%.
We expect a similar price behavior...
![USDMXN: USDMXN long update [sorry, got cut off at the end of the video!]](https://s3.tradingview.com/p/pNY520p1_mid.png "USDMXN long update [sorry, got cut off at the end of the video!]")
