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ridethepig
13 Okt 2018 pukul 17.55

COP risk premium low in EM space Panjang

U.S. DOLLAR / COLOMBIAN PESOICE

Huraian

=> Here we are tracking a break to the upside in USDCOP with a target of 3223
=> This flow is trading the recent underperformance in Columbia and playing it against USD strength via inflation and bond to equity flows.
=> This should be a quick and sharp move with low political risk in Columbia and upside in Oil prices being capped for now.(edited)
=> If risk rises globally we see COP getting hammered and experiencing real pain with the knife being stuck in because of the low carry and less hawkish BanRep(edited)
=> Good luck to those few who are trading this cross

Dagangan ditutup: sasaran tercapai

TP Hit... clean and simple ride
Komen
Lebih