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Koreanwon

EUR/KRW Weekly Bullish Flag Pattern – Targeting the Pink Zone'm observing a bullish flag pattern forming on the weekly chart of EUR/KRW. This continuation pattern indicates the potential for an upward move. The price has consolidated within the flag, and I anticipate a breakout to the upside. Target: My target is in the pink zone, which I've identified as a key resistance area. I believe this is where the price could move next based on historical price action . Strategy: If the price reaches the pink zone, it may be a good time to reduce long positions and secure profits. I'll continue monitoring for signs of a breakout and further confirmation of this bullish trend. Always remember to manage risk and adjust your positions accordingly.
Long
by rebenga93
Asian Currencies May Stall as Jackson Hole Looms Investors will be watching a series of key Asian central bank decisions and inflation reports this week, as regional currencies rally to annual highs. The Bank of Korea is set to announce its rate decision on Thursday, followed by inflation data from Japan and Singapore on Friday. The U.S. dollar's slide resumed from last week, with markets embracing a risk-on sentiment. The yen climbed past 146 per dollar, marking its strongest level in nearly two weeks. Further selling could open up the 140.450 mark. However, Bank of America sees the upcoming Jackson Hole symposium as a game-changer, with Fed Chair Powell possibly striking a more hawkish tone, which could strengthen the dollar. This could make the Asian currencies trades interesting considering the risk-on sentiment that has helped push them to multi-month and yearly highs. The South Korean won has surged to a five-month high, as the central bank is unlikely to cut interest rates this week. The BOK is expected to maintain its policy rate at 3.50%. The Singapore dollar has also extended its gains, reaching an 18-month high.
by BlackBull_Markets
Tracking the China reopening basket: HSI, Copper, KRW and AUDSince early November, when China initially hinted at lifting statewide Covid restrictions, a basket tracking assets linked to the Chinese reopening story has surged by 22%. In the last 11 weeks, the China reopening basket, which is equally weighted with copper , Korean won , Australian dollar , and the Hang Seng index , has outperformed a global stock market (MSCI ACWI index) benchmark considerably. The China reopening portfolio has gained 22.3% versus a 6.8% gain of the MSCI All-Country World index since November 1st. Because the total volatility of the China reopening basket has been lower (19.2% compared to 21.8%), the Sharpe ratio has been even more positively skewed (9.61 vs 1.89). The Hang Seng index, which has climbed by 45% since November, has been the portfolio's best contributor with a weighted return of 11%, followed by copper with a weighted return of 5.3%.
NASDAQ:ACWI
by Capitalcom
2
US interest rate, and exchange rate of Japan Yen and Korean WonThe trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest rate of each of those countries aren't increasing accordingly, and US interest rate still keeping up, no change in this trend is expected.
by PhakeNick
2