The USDARS pair has an interesting setup, on one hand, the uptrend that started after monetary policy changed, has failed to reach the target on time, suggesting a selloff was possible (which did in fact materialize).
I have reccomended my fellow countrymen to sell their dollars at the 15.8-15.4 mark, but it's time to pay attention to go long the dollar again,...
We have a clear scenario, get out of dollars, get pesos, or get any of the assets in here except for gold and yen (or at least, get lesser amounts of these, since they have already gained a lot of strength).
Play catch up, play it smart.
Cheers,
Ivan Labrie.
Time at Mode FX.
We are at a very critical juncture in the market, and it's possible to see increased chances of a rally in oil and equities, and probably a dollar decline against emerging markets currencies, at least vs the yen, aussie and canadian.
Argentina's monetary policy might make the selling pressure persist though, and we might see this target hit in little time.
The...
Here I am with a little contrarian idea.
There's a nice 15% spread to be filled when comparing the Argentine peso to the other South American economies.
The stock market also took a nose dive and is poised to retrace, since it's possible that live cattle and soybeans will head up from this point (and the Merval has a healthy correlation with those two among other...
