USDARS: Might be about to trend up sharply...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 wouldn't reccomend to hold ARS for long if you have income in pesos.
Best of luck,
Ivan Labrie.
ARSUSD trade ideas
Argentina PesoARS should go up against its peers only due to electionary effect (till October). Why? due to a tight monetary policy which Sandleris is taking into effect. Bear in mind that he enter office in late Septmber 2018 and Just look at the effects to Monetarist theory applied to excess of monetary base produces by Keynesian economic thought. Scenario of ARS above 55 and so on are lunatic if a non-right goverment wins. Under a political analysis Macri's gvt wouldn't a center gvt but rather a center-left.The only positive thing about Macri's is Central's Bank Montary tight policy.
tgt: 42.2 for sure
tgt worst case scenario: 47
Bear in mind that a supre cycle can help EM's until FED dcides to start moving up again with a tighter montary policy via quantitative tightening and intrest rate hikes.
trade safe,
Shorts remain under pressure here...=> 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 complex environment here so good luck to all those involved.
USDARS - Emerging Markets in TroubleThe 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 is now clearly in the IMF's court...
USDARS: Fellow Argentinians, sadly the dollar rally continues...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 particular by going long gold once we have full confirmation, which may come by September.
Best of luck to us all,
Ivan Labrie.
USDARS: Local top spotted, sell your dollar bills...$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 bonds, and/or gold/silver.
Cheers,
Ivan Labrie