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Msciemergingmarkets

EEM: Emerging Market MSCI (EM) : SELLEmerging markets equities had to clear many hurdles in 2022 but began to recover in the fourth quarter. But technically, there are hurdles, The Red sloping line of 2021 is the prime example. After the steep drop in equity markets overall in 2022, It is believed that emerging markets equities may be one of the most mispriced asset classes, with attractive valuations compared with historical levels. A 15% drop cannot be ruled out...fundamentals are strong, but technicals will sadly rule.
AMEX:EEMShort
by SWFguy
Emerging Markets & Global Recession = OpportunityUS technical recession confirmed with Atlanta Fed GDPNow data indicating retraction in Q2, two consecutive negative GDP prints. While US stock markets have already experienced the worst first half of the year in more than half a century. Typically in a bull market, this would signal the bottom of a retracement is already in or nearby. Unfortunately, this isn't a bull market and there's still significant downside risk from here. The Fed Reserve and Central Banks continue to have rampant inflation that challenges price stability while the second half of the mandate (low unemployment) remains strong. Unemployment #'s will rise as tighter monetary policy takes shape in form of rate hikes and slowing securities to mature and roll off the balance sheets. Unemployment is unlikely to raise to a level of concern as there are 2 jobs available (nearly 12 million) per each unemployed person. The more likely scenario is underemployment as individuals find income in roles they are overwrites for. In addition to unemployment, overnight reverse repo facilities are setting $2 Trillion flow back consistently, indicating a significant oversupply of money without quality investment potential. Implications for emerging markets is clear, tighter monetary policy will drive these lower as global recession takes hold. Looking at long-term parallel channel and major support levels, further downside from 18% to 24% is well within range and likely given the additional pullback expected. How does this get played? Shorting EEM is an option, however there's more attractive potential in going long with inverse ETF's (leveraged or not) via entities like ProShares & Direxion. One example is the 3x $EDC bull / $EDZ bear ETF's benchmarking MSCI Emerging Markets. Indicators: OBV On-balance volume, MA6/EMA18 Currently, taking a position with the inverse $EDZ play in the short-term is attractive. This will reverse and requires attention, it also involves risk that the broader economy has already bottomed or is close to the bottom... but the data implications don't appear to support that position at this time in my opinion.
AMEX:EEMShort
by R0MM3LL
Pakistan outlook for playground of banking stoogesA speck in macroeconomics of a strategically challenged geography, a spectacle to how minions react to changing global landscape, division of east and west, reformation of blocs, and looming world war. As for forecast, 1 USD should buy 350 PKR today, but the whole point of SBP autonomy is to balance the market against kleptomaniacs, who in past had little means of control outside of planting 100 clowns in that circus theatre.. Now they can focus on the wire and warehouses game.
Short
by markhor-ka-seengh
USDMXN long update [sorry, got cut off at the end of the video!]Hello traders, topics covered today: - USDMXN starting to make the right noises picking up from a major low, after retracing nearly all of the pandemic upswing; - MXN futures volume showing strong selling today, with volume consistent and confirming the inverse move over in USDMXN spot; - WTI Crude Oil futures, one of the Mexican Peso's drivers, is stuck in a well-defined range with fading ATR and ineffective responsiveness to volume; - MSCI Mexico ETF iShares is showing strong selling today, again a sign confirming the USD/MXN uptick. I was responding a few days ago to a question from a follower on here who asked whether USDMXN would get to 19,500; I said no, or not by the end of the year, and indeed we seem to have bottomed out in the 19.750 region. We shall have to see what happens next, of course, but I continue to hold long, even though my demo trade is now in drawdown by a fair bit - my timing was a tad early for the turn. If I were to do this trade again, I would have waited a bit longer. Now it is a case of staying cool and manage the trade. Should it start going lower than the full retracement of the pandemic swing, then I would surely bail out. One more thing: my video cut me off at the end because I was unaware of a time limit on TradingView videos! I apologise and I will bear this in mind for the next video. I have been off for a few days as I had my CMT Level 1 exam postponed from 3rd December, due to some exam software glitch, so I am not really able to do much else but try revising after working etc. until the next exam date comes. I am hoping to have time off for Christmas! I am also trying to progress how I can get some help with testing my general trading approach in a quantifiable way, so trying to progress various project ideas for my trading future has occupied my mind a lot. Thanks for watching but most of all I hope you can keep me right with your comments and that some of this stuff is useful in some way. Take care Stay safe Francesco (FreeFX)
Long
by Forexistential
14
EEM ETF: Lower long term Buy opportunity.The iShares MSCI Emerging Markets ETF (EEM) is on bearish 1W price action (RSI = 41.481, Highs/Lows = -1.8644), repeating a pattern last seen in April 2011 - May 2012. During that period the price was rejected at 44.90, crossed below the MA50 and MA200 and found support just over the 0.786 Fibonacci level before recovering 100%. We expect a similar price behavior today as the price was rejected at 44.85 and has already crossed below the MA50. The crossing below the MA200 remains and the rebound above the 0.786 Fibonacci retracement level, which puts the support around 39.50 - 39.60. Our target is 44.80. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
AMEX:EEMLong
by InvestingScope
1