Macri's counter offensive move, in response to Cristina Kirchner's presidential formula strategy was a brilliant one, picking Pichetto as his Vice-President for the upcoming October elections. Pichetto is a man from the Peronist party, but who is not afraid of bipartisan politics in Congress, and who wants to work for the President in Congress, and not force...
FX_IDC:USDARS EL DOLAR MAYORISTA RECONOCIO EN MOVIMIENTO ABC DE CORRECCION ONDA 2 DE 3 ALCISTA EN EL 61,8% DE CORRECCION DE FIBONACCI EN $41,35 PARA REACCIONAR. EL DATO INFLACION MINORISTA 4,7% DE MARZO , MUY POR ENCIMA DE LO ESPERADO EN ARGENTINA, QUE ELEVO LA MARCA ANUAL A 54,7%, DEMUESTRA LO FUERA DE CONTROL EN QUE SE ENCUENTRA INFLACION. ESTA SITUACION...
As everyone has been saying, $USDARS will likely get close to the $50 mark, a 2W timeframe Time@Mode signal kicked off, and it's already active for 2 bars, out of 10 that are forecasted as part of the uptrend. This rally has 3 possible targets which are laid out on chart, valid for as long as the time lasts, or as long as $USDARS trades above the 37 mark. I...
2018 saw a rolling bear market in emerging markets, with a lot of EM currencies getting crushed vs. the dollar. Why has everyone forgotten about this? The issues are systemic, and the buy-down of the USDHKD peg only kept the eurodollar market functioning for long enough to forestall some further pain. Now that the peg has been hit again, we are starting to yet...
Formación de triángulo ascendente >>> Target: $46 @ May-Jun 2019
The exotic crosses USDARS and USDCLP are moving with a positive correlation.
USDARS could see a new higher high between $44.3 and $45.45. The invalidation zone is below $35.
After breakout I guess prices will be move around 29.
=> Here we are tracking for a short-term high to be set, whilst bulls remain above resistance at 39.35 the yearly highs are open for a test. => Here we can either trade crumbs to the highs or look for opportunities at 41.50x as we begin to set a secular high. => Whilst we don't see EM out of the woods yet, we are expecting some recovery into 2019. => A very...
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?).
-Monday=Markets reacted to Fed governor Jerome Powell's speech on Friday which knocked the USD lower. SPX makes a new high. While political turmoil in the Australian govt weaken the AUD but the recovered towards the end of the trading week -Emerging markets currencies were pretty weak last week with majority of them plus one percent -WSJ reports issues 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...
The target here is big, but it could go even higher depending on how it acts. I'd reccomend to divest positions in local equities and bonds, and get exposure to US equities and the dollar, or pairs like the dollar/yen. After this next top, we could see a bigger correction in the dollar accross the board though, so I want to be ready to capture the reversal, in...
$USDARS should retrace from here, or at least stop rallying like crazy every week... This will bring some relief in local equities, I've been entering some positions the last two days, in my local savings account. For my fellow Argentinians: I'd reccomend to look into selling $USD if you own any as cash savings, and investing in either p2p lending, equities, or...
MERVAL Argentina measured against US Dollar - ARS exchange rate. USDARS exchange rate is calculated as the ratio of the PBR ADR vs the APBR Equity traded on Buenos Aires exchange
Analize the behavior of MERVAL in USD, using as a reference the BMA ADR against BMA equity traded on Buenos Aires Floor to account for different dolar values in period 2012-2015.
Dollar measured MERVAL, alongside official USDARS and CCL Dollar - UnTalRaul
I would like to point out the positive risk/reward the Argentinian stock market presents currently. I will keep adding to my savings in the local market when viable. I would say it looks quite good, even for foreign investors. I had been expecting the government to make progress with their infrastructure plan, and it seems like we will being seeing some movement...