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Hyundai motors to witness new highs in 2024?The South Korean multinational automotive manufacturer, Hyundai Motors was ranked world's third-largest carmaker in 2022 in terms of production. Hyundai motor group(which includes Genesis and Kia brands) has grown massively during the last decade surpassing giants like General motors, Nissan, Ford and Stellantis (in terms of annual sales volumes). At this point only Toyota and Volkswagen are ahead of this Korean giant slayer. This growth can be seen on the stock chart of the company as well. The stock set out a new impulse wave in Jan. 2023 that completed in May 2023.The stock then completed a Zig zag(Elliot wave) correction between may-Aug hardly retracing even 38.2% of the rise(remember shallow retracements are a reflection of strength and bullish sentiment). Standing currently near the 107k South Korean won(KRW) the auto maker has a potential of reaching the 150K KRW in 2024. on the downside the 102K is the crucial support for the stock. Note*- This chart is for educational purpose only.
KRX:005385Long
by neeraj_2_sharma
AERGO/BTC - 1W - Fib & S/R Aergo is something you want to accumalate with strong FA. From 2021 til now it has been in a range with large impulses throughout the period, Despite the bearish period it has managed to retain its value in comparion to many other cryptos in the bear market. The FA is strong with this on though, if like the future of South Korea then they are in line with the success of Aergo. Samsung Electronics backs Blocko, the company behind Aergo, while the project focuses on cloud computing and dapps. Aergo provides large-scale business clients with blockchain solutions such as corporate apps and closed private blockchain networks and some of its key clients are Hyundai Motors and Korea Exchange.
A
by mrpurplenice
South Korea (Kospi) Breaking DownI could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important. I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just bust right through here and head down significantly. Watch for currency movements to be a big part of this. Semiconductor industry likely to get hit especially hard with this in mind.
TVC:KOSPIShort
by GTStockmaster
Epidemic is fading & expanding, the Germany recessionThe basic news background is still unchanged: the number of new cases in China is decreasing (+/-500 per day), that is, the epidemic is decreasing. But this is offset by an increase in the number of cases outside of China. And an epidemic from local is increasingly striving to become global. Lockdown in Northern Italy, panic in Iran, growth in the number of cases in South Korea (already under 1000), lower forecasts for financial results from leading companies - all this puts pressure on risky assets, the outcome of which continues. Experts continue to voice new estimates of the damage caused by the epidemic to the global economy. For example, at Oxford Economics Ltd. voiced a specific damage figure: minus $1 trillion of global GDP. Recall that the damage includes direct losses from the downtime of the Chinese economy, losses in tourism and entertainment, as well as in the destruction of global supply chains, a decrease in global trade and investment. At the same time, news about the development of an effective vaccine (the release is scheduled for April), as well as about the desire to allocate about $ 2.5 billion to the Trump administration to fight the epidemic and develop a vaccine, helped to temporarily defuse the situation, which made it possible yesterday to buy gold at great prices. In general, the tactics of buying gold on the slopes proved to be quite effective. So today we will continue to use it, especially since yesterday gave clear price guidelines - where the price might go. Macroeconomic statistics naturally continue to remain in the shadow of news about the epidemic. Nevertheless, we continue to monitor the state of the global economy. Germany reported yesterday on GDP growth rates in the fourth quarter of 2019. Growth turns up zero. Thus, the recession in the leading Eurozone economy was delayed for 3 months. But it looks almost inevitable. Saudi Arabia, meanwhile, pretty upset buyers in the oil market. The point is that OPEC+ was never able to agree on anything. Against the background of expectations of a decrease in oil demand in the world, the news looks like a bearish signal. Recall that we recommend looking for points for oil sales - the fundamental background is so far extremely negative. Well, do not forget to sell euros on growth, as, for example, this could be done yesterday. The economic situation in the Eurozone looks extremely unsightly, and the visit of the coronavirus to Italy (over 200 patients) makes the sale of the euro, in our opinion, an almost risk-free transaction. Our basic positions today are unchanged: we are looking for points for buying gold (but we are careful - we buy on the slopes with mandatory stops), we sell oil, we sell EURUSD, we buy GBPUSD, we sell USDJPY with small stops.
FOREXCOM:XAUUSDLong
by Trade24Fx
2
The week results: the epidemic swing, the yen statusThe coronavirus epidemic continued to be the main focus of financial markets last week. And if the week began with a rather optimistic attitude of investors against the background of a decrease in the number of new cases of disease and deaths, then it ended on a very minor note: the epidemic spread to South Korea and Japan. In addition, analysts after the warning increasingly began to think about the consequences of the epidemic and quarantine in China (Goldman Sachs estimates that economic activity in China does not exceed 50%). And the longer restrictive measures last, the worse the mood of investors. They can be understood: dozens, if not hundreds of millions of Chinese, temporarily do not work and lead an exclusively isolated lifestyle. As a result, production does not work at full capacity, the transport system is partially paralyzed, consumption has fallen sharply, the clouds over global supply chains are gathering more and more with each day of downtime. That is, an economic epidemic is beginning, which could very well become a global pandemic. Not surprisingly, against this background, gold is updating the highest mark since the beginning of 2013 and continues to confidently move to the 1800 area. The current week in terms of the epidemic is likely to change its focus. If before that all attention was focused on China, and the whole epidemic was geographically localized. Then this week, investors will focus not so much on China as on other countries where the number of diseases has risen sharply: Japan, South Korea (last week the number of cases doubled almost every day), Italy and Iran. Judging by the current dynamics, it is likely that the reserve of bad news has not yet been exhausted. As a result, the stock markets finally broke down and rained down. It will be difficult to say whether the current sales will become the beginning of a full correction, but there are all the prerequisites for this. Another injured last week was the Japanese yen. After the failed data on GDP growth rates in the 4th quarter, everyone realized that the third-largest economy in the world is one step away from the recession. As a result, the status of the yen as a safe-haven asset is damaged. However, we will not write off the yen from the accounts and will sell it within the day simply because the pair climbed very high (with mandatory small stops because we are reporting that we are going against the will of the market). Europe has traditionally already disappointed in terms of macroeconomic statistics and the general state of affairs, especially in Germany. Accordingly, the talk of a global recession against the backdrop of the problems of Japan and the Eurozone no longer seems fabrications and conspiracy theories. For fairness, we note that on Friday the data on business activity indexes in the Eurozone came out better than forecasts at the highest levels for the last 6 months, but so far this is only a drop of positive in a sea of negativity. In the UK, production growth generally showed a 10-year high, which allowed the pound to perk up and work out our recommendation on its purchases. As for macroeconomic statistics this week, the week promises to be quite calm. So you can focus all your attention on the news about the epidemic and expert estimates of the extent of damage both for China and the world as a whole. Our basic positions for the current week are as follows: we are looking for points for buying gold (but given the strong oversoldness of the asset, we are doing this conservatively and with mandatory stops), we sell oil, we sell EURUSD, we buy GBPUSD, we sell USDJPY above 112 with short-stops.
by Trade24Fx
USDKRW - Covid-19 Hits Korean WonAs the increase of Covid-19 cases in South Korea keeps increasing (Currently 433 cases), I expect the Korean Won to drop heavily during the following days and weeks. The new cases have increased the fears about greater transmission outside China. I expect the USDKRW to go higher, especially since the possibility of closing businesses due to the virus. I am expecting the USDKRW to go to higher than 1244 and then break to around 1273 in the following days or weeks. The last time USDKRW went to 1273 was in May 2010.
by Joel_Ochoa
Investors doubt and China operates at half capacityBefore investors could relax and believe that the worst was over, a new portion of reasons for concern arrived. It is about spreading the epidemic outside of China. Recall that almost 99% of everything related to COVID-19 took place in China. And investors at some point decided that everything that happens in China remains in China. Yesterday forced some to reconsider their position. The number of people infected in South Korea rose sharply (it jumped from 32 to 82 in a day, but more importantly, most of the newly diagnosed cases were parishioners of one church, where about 1,000 people were present at the time of infection, that is, we can expect a further increase in the number infected) and Japan (more than twice as many as 84 people jumped in a week), the first deaths appeared in Japan and Iran. All this makes us think about the spread of the epidemic around the world with all that it implies. By the way, about the resulting. China very clearly demonstrates what price has to be paid. Goldman Sachs experts analyzed data on a number of direct and indirect indicators, in particular, statistics on finished goods production, demand for steel and its reserves, coal consumption and real estate sales in China, and a number of other indicators, and concluded that economic activity in China does not exceed 50% of the average indicators of past years. That is, as we warned, it is too early to relax, the events are still in the process of development, and their consequences will become clear only after some time. Against this background, gold traditionally feels comfortable, which continues to stubbornly move towards the goal that we voiced a few weeks ago (1800 mark). But the yen’s problems continue and there are active rumors in the market that the currency is losing the status of an asset-refuge. Despite the current problems of the yen and the high likelihood of its further decline, sales of the USDJPY pair above 112 look too tempting to not try to catch a u-turn with small stops. Moreover, today is Friday - potentially the day of profit-taking. And the yen has something to fix. Considering how depressing statistics have recently been from the Eurozone, one can expect another batch of weak data from Europe and a new round of euro sales. So you can even sell the EURUSD pair without waiting for the data. In addition to the euro, today we will sell oil, a pair of USDJPY (above 112), buy GBPUSD with small stops, and also look for opportunities for buying gold.
Short
by Trade24Fx
Turning point for the South Korean WonPicture perfect technical setup here for a short play to the downside for USDKRW. - We hold a guarded optimistic view on economic recovery across the South Korean economy following revisions in growth expectations. We see slowing growth bottoming out with sensitivity now positioned to the upside and a gradual rebound across the semiconductor sector as a hedge against further monetary easing. - Confirmation via BOK commentary should see decisive technical conviction through the neckline and flows into the buyside floor as optimism rises. - Put exposure added across our macro and directional portfolios.
Short
by Portier
TESLA MANIPULATIONHello Traders. Stochastic RSI is sky high. Would like to bring to your alert that Tesla is a "Castle in the Sky". I have done the fundamental analysis on Google and bring to you a message. Facebook and Google are both funneling money into Tesla. Tesla is the last castle in the sky for the "New World Order". Apparently, Elon knew the whole time. This was an Irish pyramid scheme. Apple is in on it too even. If you watch the MACD Moving Time Frame (composite moving average) signals on the third chart from the top, we see a sky high signal line with oscillation between buy and sell. Why? They're faking out the day traders. Rise. Destroy Tesla. They "cannot" crash? They are. The one castle in the Sky. Exposed. Wait for the South Korean whales to move first. Britain should be in on this too. - dysonring2050
NASDAQ:TSLAShort
by dysonring2050
1
USDKRW - Depreciation of the Korean Won Accelerates. After breaking the 2yr highs a couple of days ago, now it seems we will get close to 1210, a level reached on January 2017. I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks. I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go lower, and in case of good news I do not see traders going back to KRW.
by Joel_Ochoa
2
Take Two, and Call Me In the Morning - Dr. CopperCopper is in trouble as ongoing data out of China (and broader APAC/ASEAN nations). Just moments ago, South Korea's first 10-days of exports contracted 19.1 percent YoY and imports dropped 15.4 percent. South Korea is a global bellwether for economic growth and the first of the Asian countries to report. Quantitatively, we'd short copper at the TACVOL range top which is available to premium members. Here are the current near- and intermediate copper ranges that update daily. Effectively, short or sell at the top, buy or cover at the bottom. Near-term: 2.97/2.57 Intermediate: 3.03/2.57 The 20-week z-score is 2.12 which indicates it is more than two deviations from the mean. A healthy pull back is in the works.
COMEX:HG1!Short
by TheMacroStrategist
Litecoin, back to basicsCurrently in a wave of uncertainty, I wanted to take a look at LTC as one of the key market driver after the big 4 and ADA. Litecoin does have around 10 biliions market cap and is listed as the 6th major cryptocurrency. The recent price evolution was mainly guided by the cryptoban in South Korea. LTC has lost more than half his price since all time high (51.3%). During this bearish period it has stayed mostly within the 2/3 center of the regression trend. Currently stuck between 161 support and 219 resistance. As the Korean government report mention, the crypto trading will not be ban only the anonymous account will. Therefore, they only need to link their trading accounts with a real bank account. This measure might look logic for most of the people, while in South Korea this is not. The crypto market intend to be as distant as possible from the centralization of the banking system, in that way, it is a clear setback / loss for the cryptoworld. That being said, the worst case scenario is an extension of this process to the rest of the world, which can be a real disaster. We see exception in small countries around the world who embrace the Cryptocurrencies (not only the blockchain), we could here mention Switzerland who had a recent event with the crypto community and their political elites who clearly see this as a positive factor for the economy. Back to LTC, the uncertainty regarding the probability of the extension of the South Korean mesure to the rest of the world remain low, but still exists and must not be ignored, therefore we could expect LTC to get back on a bullish trend as this case can be look (in a certain way) as settled. For some investors and analyst, this marks the end of the period and a great opportunity to buy coin at a lower price. For what the technical analysis shows us, their is still a certain downside margin before touching the resistance mentioned above. The graphs looks pretty much like a school case scenario where the Fibo retracement match almost perfectly the support/resistance. While I don't expect the price to get below 160 USD/coin, some analysts see the probability that the price hit 140 or even break that major support. In both case, a rebound is expected in the days to come (if their is no political news popping again) In conclusion, I see LTC as a tool strongly bended by the media intelligence and the political events. If the overall markets performs well LTC will be in the group. Don't forget that LTC is on Coinbase, the main platform to buy crypto via fiat currency and his the only of the offered coin who don't have huge transfer fees. That give him a advantage and the opportunity to outperform BTC and ETH. Analysis done by The Foil 23.01.2018 21:46 CET ---- Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
BITSTAMP:LTCUSD
by TheFoil
5