We have good numbers in the macro, CPI 3% in the USA, it is most likely that interest rates will not rise in the United States given the good results, therefore interest rates in Colombia should not rise any more, if we analyze the money supply In Colombia, with respect to GDP, it has been decreasing after the pandemic. Stocks in the United States will enter a...
Looking for a long with stop at $3720 and first target of 70% at $5000
Mirando por una posicion en tendencia alcista. entrada precio actual, Stop o precio de salida en negativo $3720 y primer Target, 5000
70% de la posicion sale con 1er target y el otro 30 queda para seguir en long
It's all been said and done! Finish him!
Latinamerica is going back to the 80s while the developed world heads to the moon.
“They live different kinds of lives outside of the city”
For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use...
Fears that Turkey’s Lira crisis will drag down the currencies of emerging markets, compounded by falling global oil prices, pushed the Colombian peso to trade at $3,050 to the U.S dollar on Wednesday, and level not seen since June 2017. There is a potential for a breakout above 3500cop into the 4k-5k range.
The inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia.
This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and...
After its all-time high.
4,650 Colombian pesos the price started a correction, I think it could go down to 3,978 and wait for the behavior to go back to the price 4,650
Despues de romper la barrera sicologica de 5000 pesos debe corregir y volver a los promedios moviles cuando la FED deje de subir las tasas. FX_IDC:USDCOP
Really like this setup. Expecting more pain for emerging markets and using this dollar pullback to start new positions, including this one. USD/CLP looks exactly the same but could be more sensitive to HG moves. Overall expecting a new high test and further breakout, although it is possible another failure up there and pullback. GL
Here my thoughs about the crazy devaluation for the USD/COP.
In the recent Presidential Elections for 2022-2026, for Colombia, Gustavo Petro was Elected as the new president.
Decades ago, Petro was member of the Terrorist Group (M-19), and he participarted on the take of the Palace of Justice.
Petro, was very close to Hugo Chaves (venezuela ex president) and...
Here my thoughs about the crazy devaluation for the USD/COP.
In the recent Presidential Elections for 2022-2026, for Colombia, Gustavo Petro was Elected as the new president.
Decades ago, Petro was member of the Terrorist Group (M-19), and he participarted on the take of the Palace of Justice.
Petro, was very close to Hugo Chaves (venezuela ex president) and...
If it breaks the 3,900 Mark and maintains that lvl for a couple of days, I would say will go back to test the 4200 high, then $4,500 according to Fib Extension.618. I hope I'm not right like last time when $3,600 seemed impossible
A new president with old ties to Colombia's guerrilla has been elected to power. His political views seem aligned with Venezuela's. Smart capital will look to exit the COP given the expected devaluation and complete depletion of reserves with possible failed socialists policies in the horizon. I expect the USDCOP to reach 5000 by EOY.
Fundamentals:
1. Negative trade balance since 2014.
2. High crude oil prices failed to contain the negative current account.
3. Elections with eco-friendly candidates and one of them as favorite to win elections.
Technicals:
1. Multiyear support in weekly chart.
2. ADX and MACD are up..
3. Confirmed with three white soldiers weekly reversion from about 3650.
