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Asian Currencies May Stall as Jackson Hole Looms Investors will be watching a series of key Asian central bank decisions and inflation reports this week, as regional currencies rally to annual highs. The Bank of Korea is set to announce its rate decision on Thursday, followed by inflation data from Japan and Singapore on Friday. The U.S. dollar's slide resumed from last week, with markets embracing a risk-on sentiment. The yen climbed past 146 per dollar, marking its strongest level in nearly two weeks. Further selling could open up the 140.450 mark. However, Bank of America sees the upcoming Jackson Hole symposium as a game-changer, with Fed Chair Powell possibly striking a more hawkish tone, which could strengthen the dollar. This could make the Asian currencies trades interesting considering the risk-on sentiment that has helped push them to multi-month and yearly highs. The South Korean won has surged to a five-month high, as the central bank is unlikely to cut interest rates this week. The BOK is expected to maintain its policy rate at 3.50%. The Singapore dollar has also extended its gains, reaching an 18-month high.
by BlackBull_Markets
KOREA IS COMING FOR ORBS : THE NEXT MOON COIN 2023Thank you for reading our update. Please remember that this is not advice for trading. ORBS Looks to have A massive incoming Korean volume It appears that ORBS is attracting significant attention from Korean volume with 93%, which could lead to substantial trading volume. This makes ORBS a potentially attractive coin to watch, especially as Korea aims to strengthen its position in the market. It's important to note that while many altcoins tend to follow the general market trends, ORBS has the potential to defy expectations. If the Korean trading volume continues to rise, ORBS might experience an unexpected surge to $0.08, and potentially even reach $0.22.
Long
by SatochiTrader
KOREAN AIR HELLO GUYS THIS MY IDEA 💡ABOUT 003490 KOREAN AIR is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the Seller from this area will be defend this SHORT position.. and when the price come back to this area, strong SELLER will be push down the market again.. DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade.. IF you like my work please like share and follow thanks TURTLE TRADER 🐢
KRX:003490Short
by rebenga93
ridethepig | KOSPI for the Yearly Close📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across the continent. For different reasons to India, but with well placed influence, Korea has the chance to really outperform in the next decade. EM Equities and currencies are going to provide a lot of opportunities for 2020: With that recognition behind us, I am going to be spending a lot more time in Asia for this chapter in the economic cycle. From 2020 - 2030 we are going to see a the great migration of capital from West to East. The ability for KOSPI to break 2,600 is showing how flexible the bid really is into the year close. We also have to take note of the differentiation of outside candles on the yearly: Here deploying capital to Korea for a strong move in 2021, though it involves some understanding of the relevant sectors (we will dig deeper into some single stock opportunities and sectors later in the month so start to prepare your charts). Thanks as usual for keeping the feedback coming 👍 or 👎
KRX:KOSPILong
by ridethepig
ICXBTC A boring coin that can possibly trade much higherThis pair has been trading below 0.00004044 for an extended period of time. I was tremendously frustrated but I guess with the lull in alt, this should be expected. I should have managed my own expectation. The recent break out of the resistance level from the triangle formation saw all the EMA cutting higher. The stars seems aligned then. Now its trading near to the fateful resistance near 0.00004044 once again. Will this time be different? I believe so. A convincing break will take the short term move to a target level of 0.0000537. Then we have to resassess the situation in the macro environment. I believe the upside potential is much greater! Disclamer: Invest at your own risk. Do your homework.
Long
by dawn996
ridethepig | KRW 2020 Macro MapKorea's economy looks set to be forming a meaningful floor in Q4 and with a helping hand from a temporary pause in protectionism we should see KRW remain in bid for the first half of 2020. For the domestic story, Korean exports have fallen which spilt over to the demand side. With this in mind, should the USD devaluation / reflationary theme pick up pace for the first half of 1H20 it will mean repricing in KRW. On the monetary side, cuts are widely priced from BoK for January. Fundamental risks to the thesis com from US-China trade and the significance of USD devaluation. On the technicals, a textbook Steel Resistance has held at 1219.xx after completing an ABC target sequence. Very high odds a meaningful top is in place and invalidation to this count comes in above 1200. Thanks for keeping the support coming with likes, comments, questions and etc. Another round of 2020 FX maps coming over the next few sessions. For those wanting to dig deeper with the 2020 strategies: NZDUSD USDJPY EURUSD EURSEK USDCNY
Short
by ridethepig
KOSPI - KOREANS ARE LOOKING INTO THE EYES OF THE BEARKRX:KOSPI is looking pretty bad. The overall chart looks bearish and the fundamentals are not getting much better. The uptrend stops reaching the red resistance channels which is another bearish indicator. Sell-Signal: There are multiple reasons why we are going short, once the purple line is crossed and the price is stagnating in the red zone. The red zones are defining strong support and are also part of the recently established green SupertrenD support channel (not visible in the chart). If you look at the total chart, then it will be the first strong signal once 1950 is broken. That's when we will enter a short position on the index. When 1850 breaks, then we lose the last support channel and will head down without support until the support channel which was established 1998 at the end of the Asian crisis. We can not really tell you a target for now, because the channel will move up over time, but it might be in the 1500 area. We would manually lower our exposure once the price starts to jump back over 1950 and starts to build support. I hope this was helpful. Best, Felix Kewa
KRX:KOSPIShort
by FelixKewa
3
CADJPY Story Intraday (refer to top left chart), price almost touching the weekly range. When that happens, I am biased on a retracement. Mid-term (refer to H4 and D1 chart), price have touched the Monthly projection and tested 87.000 price which was rejected mid May 2018. Plenty of trading plan can be produced from this. Bearish Engulfing Candle on H4 and/or H1 would warrant me to short the pair between Frankfurt open until London Close. A bearish moving average crossover on the 30-min chart during London-US session overlap until London close, would warrant me a scalping trade as well. Anything bullish today, I will observe and re-evaluate. Commodity-backed currencies (Canadian Loonie is one of them) have been well supported after market risk tone shift inspite of the Chine Tariffs was slapped but there was "good news" on the North Korean Nuclear plan issue as well. I am anticipating the market to sell this (fully priced in) eventually and that means dumping commodity currencies. The range projection for this pair is : Monthly = 320 pips Weekly = 160-170 pips Daily = 70-75 pips
Short
by sufiansaid
ICON: make or break time!ICON $ICX, also known as Korean ETH, plans to act as an unifying fabric for different blockchain communities, allowing them to interact while maintaining their autonomy. It is a very ambitious project comparable with Ark. Read this great Steemit article about potential as wel as flaws especially of the ICX token: steemit.com ICON has dropped in ranking, but currently is still nr. 24 on coinmarketcap, not bad for a coin that has been around less than 6 months.. it also tells us, that despite the recent pricedrop ICON ain't cheap! Looking at the chart we see a downtrend in the shape of a falling wedge. Falling wedges are bullish by nature, but I would treat this one with care! As you can see we are close to the Apex, just as RSI has entered in oversold territory on the daily. This could be the prelude of a bigger sell, where prices leaves the wedge on the downside.. A lot will depend on overall crypto-sentiment.. which isn't to good atm, but nothing changes faster than the crypto-market. Still I would choose safe over sorry here ;)
by Crypto_Keiser
2