BRL on the edge of meltdown. At support, if it doesn't hold, currencies tend to tank fast and hard.
If you don't have a Forex account, you can short EWZ with put options.
If you don't have a Forex account, you can short EWZ with put options.
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iBov ate crap as soon as the US market closed, we'll see what happens tomorrow. When currencies tank, the market goes with it because investors pull their money out of the country.We'll see what happens tomorrow....
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Gets a reprieve with China "talks". The real moves with iBov, they're gonna pump every stock market including Brazil for a couple of weeks.Note
Note: I don;t do currency trades, but when I short the market I prefer to use EWZ (Brazil ETF), the currency trade just helps.EWZ options have low premium and good liquidity, usually vetter returns than shorting SPY.
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*better
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.