Skip to main content

Currency
Currency
91 followers
30 questions
105 posts

Do you have questions about Currency?

Log in to ask questions about Currency publicly or anonymously.

BRAZIL MACRO UPDATE

Hi for all you FX junkies out here I have a real treat for you. A new report on the Brazilian Real and why it may not be as big a disaster as you think (and actually could be undervalued). Full disclosure, it's on RV Plus.

The report is from John Floyd of Record Currency Management. If you recall he was on in September to discuss his bearish trade on the Turkish Lira with @Michael Nicoletos, a trade which John absolutely nailed (link: https://www.realvision.com/shows/the-interview/videos/turkish-lira-a-recipe-for-disaster).

Please check it out if you have the chance. Here Is the link:

https://www.realvision.com/issues/brazil-macro-update-october-2020?source_collection=9281de53a77f4bf7b6bfcd74eeaee864

 @Weston Nakamura @John Pordum @Weston Nakamura @nathan karner @SALEH ZAIDI  @Raoul Pal @George Stanoev @Max Wiethe @Michel R 
 

BTC still needs EUR strength follow through

BTC - beware of EUR approaching 1.20 to potentially cap BTC upside if EUR pulls back, as per May ‘20. 

BTC, being obviously far smaller & thereby more jumpy in price action, tends to front run broader dollar moves with many headfakes along the way. For longer term sustained upside trend, need the follow through of a decisive USD sell off. 

BTC may have broken out >$13k, but will likely be in a new higher trading RANGE (vs a continued parabolic rise) until EUR breaks YTD highs as well. 

I have not seen anything written to that effect.  Mining seems somewhat off-investment for Square and I'm not really sure how profitable it is currently.  If you read the financial statements from the public-traded miners (riot, hive, hut 8, marathon, etc.), it comes across as a tough slog and a lot of work and capital investment for the effort.  Not sure about microstrategy.