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...
If one is to believe that Chinese growth will continue to slow as is my bias, then you better believe that's terrible for South Korean equities. Today, its the worst performer of all Asian markets so far this afternoon. Overall, no major signals from the oscilators, but I won't be sad if I lose 5 percent on this trade as it fits with my fundamental macro view. See...
Copper 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...
Currently 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%)....
Don't worry have faith! No one will profit from fire sales.
Acutally, so many outside influences make it difficult to predict which way the price of Bitcoin will go. Bulls and bears keep the price well in a balance and it remains inside a narrow bandwidth with very low volumes. Let us try to see the whole picture. I list here the main fundamentals and present a chart, which shows the partly interfering trends and signals....
I've been following BINANCE:ICXBTC since their ICO (icon.foundation). It's a truly remarkable project, with futures being traded on HitBTC for over a month now. The price as been as high as $8.00 on that platform, and has "leveled-out" with the launch of proper ICX trading on Binance (www.binance.com if you haven't signed up yet). We have a very strong uptrend...
It's been a while since I've published an idea, but that hasn't worried me. I'm not in the game of trading just to trade. I'm in the game of making as much money as possible. If a move isn't attractive to me, I won't bother making it just for the sake of trading. Most of my recent research has been in foreign markets such as Russia, South Korea, and Vietnam, and a...