Bovespa Index
Diupdate
The weakening of the Real will likely bring further losses in this index. A strengthening of the Real will continue to bring gains in the Bovespa index.
See correlation in chart below. It's been statistically significant for 16 years, and is ongoing.
See correlation in chart below. It's been statistically significant for 16 years, and is ongoing.
Catatan
Where I see the Brazilian Real reversing. Catatan
Monitoring for counter-trend trade. looking to go short. Expecting a break of the black trend line.
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