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Title: Ringgit Rally Fuels Foreign Bond Inflows: A Deep DiveThe Malaysian ringgit has experienced a substantial appreciation, driven by robust foreign investment in the domestic bond market. A surge in capital inflows, totaling RM5.5 billion in July alone, has propelled the ringgit's performance. This analysis delves into the underlying economic factors driving this trend, examining key indicators and assessing the outlook for sustained growth. While the current trajectory is promising, investors must remain cognizant of potential global economic headwinds. Key Points: Strong foreign inflows into Malaysian bonds Ringgit's appreciation driven by multiple factors Deep dive into economic indicators shaping USD/MYR Assessment of Malaysia's economic fundamentals Cautious outlook amid potential global challenges Key Drivers of the Ringgit Rally: Currency Appreciation: Investors are buying bonds unhedged, betting on further ringgit gains. Strong Domestic Economy: Malaysia's economic robustness and expected interest rate stability bolster investor confidence. Global Factors: Anticipated Federal Reserve rate cuts weakening the USD benefit the ringgit. Economic Indicators Influencing USD/MYR: Interest Rate Differentials: Higher local rates attract foreign capital, strengthening the ringgit. Inflation Rates: Low inflation supports currency value. T rade Balance: Surpluses strengthen the ringgit, reflecting Malaysia's export strength. Economic Growth: Domestic consumption and government spending drive economic growth, enhancing the ringgit's appeal. Political Stability: A stable political climate attracts investment, supporting the currency. Global Economic Conditions: Global trends and geopolitical events affect investor risk appetite and currency flows. Outlook: Malaysia's diversified economy, fiscal prudence, and growing middle class underpin the ringgit's strength. Efforts to boost foreign direct investment and exports further support currency appreciation. However, global uncertainties, US monetary policy shifts, and geopolitical tensions could introduce volatility.
Long
by signalmastermind
How to make someone else's chart your ownHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Sometimes, people ask how to use indicators displayed on the chart. You can add public indicators by clicking "Indicators" and searching for indicators. However, since not all indicators are public, you can use private indicators by sharing published ideas. I will take the time to explain how to share them. - In order to make someone else's chart your own, you need to share the chart from an idea published by someone else. To do this, you must be a paid member of TradingView. --------------------------------------- 1. Click on the idea of ​​someone else whose chart you want to share and click "Share" near the bottom of the chart. 2. In the next window, click "Make it mine". You can do it as above. ---------------------------------------- However, the idea poster must have the layout of the chart "Sharing". - Since there is a limit to the number of indicators supported depending on the paid level, it is recommended to check your paid level to see if you can use all the indicators of the chart you want to share. I briefly looked into how to make someone else's chart mine. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
ETH Ethereum ETFs Set to Launch. Short Term Price TargetIf you haven`t sold the top on ETH: Then you need to know that the Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETFs) are slated to begin trading on July 23, pending regulatory approval. However, the launch of these Ethereum ETFs could lead to a price decline similar to what was observed with Bitcoin. After the launch of the spot Bitcoin ETFs in January 2024, Bitcoin experienced a notable drop in its price. Initially, Bitcoin was trading above $48,000 but then plummeted to as low as $38,700 on January 23, 2024. This represents a nearly 20% decline from its high​​. The initial drop of 5% was observed shortly after the ETFs went live, attributed to profit-taking behavior and market dynamics​. For Ethereum, a similar scenario could unfold. The influx of capital and the heightened attention could initially drive up prices. However, once the ETFs start trading, profit-taking behavior might set in, potentially causing Ethereum's price to fall by 5% to 20%. Investors should be prepared for potential volatility surrounding the launch date. My Price Target is $2800.
Short
by TopgOptions
1
BTC - Navigating the Recent Decline and Key Technical IndicatorsDear Traders, today I want to provide you with a trading analysis of Bitcoin's recent decline from $70,000 to $66,000, we will utilize several technical analysis tools, including Fibonacci retracement levels, Bollinger Bands, Ichimoku Cloud, Exponential Moving Averages (EMAs), and other moving averages. This analysis will explore key price movements, support and resistance levels, and potential future trends. 1. Fibonacci Retracement Analysis Fibonacci retracement levels are commonly used to identify potential support and resistance levels based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%). In this scenario: - Retracement Levels: - From the high of $70,000 to the low of $66,000, key Fibonacci levels are: - 23.6% retracement: Approximately $66,950 - 38.2% retracement: Approximately $67,520 - 50% retracement: Approximately $68,000 - 61.8% retracement: Approximately $68,480 - 78.6% retracement: Approximately $69,090 The recent decline saw Bitcoin retracing to the 61.8% level, suggesting a strong support area. A failure to maintain this level could indicate further downside potential. 2. Bollinger Bands Analysis Bollinger Bands consist of a middle band (usually a 20-period SMA) and two outer bands set at a standard deviation away from the middle band. They help identify volatility and potential overbought or oversold conditions. - Observations: - As Bitcoin declined, it approached the lower Bollinger Band, suggesting a potential oversold condition. - A rebound from this level might indicate a short-term relief rally, while a close below could signal continued bearish momentum. 3. Ichimoku Cloud Analysis The Ichimoku Cloud, or Ichimoku Kinko Hyo, provides insight into trend direction, momentum, and support/resistance levels. - Components: - Tenkan-sen (Conversion Line): A shorter-term moving average, usually set at 9 periods. - Kijun-sen (Base Line): A longer-term moving average, typically 26 periods. - Senkou Span A & B (Leading Span A & B): Form the cloud, representing potential support/resistance. - Current Status: - Bitcoin's price fell below the Ichimoku Cloud, suggesting a bearish trend. - The Tenkan-sen and Kijun-sen have made a bearish crossover, indicating potential continued downside. - The Senkou Span A has crossed below Senkou Span B, reinforcing the bearish sentiment. 4. Exponential Moving Averages (EMAs) and Other Moving Averages EMAs give more weight to recent prices, making them responsive to new information. Key EMAs to watch include the 21-day, 50-day, and 200-day. - EMA Observations: - 21-day EMA: Has turned downwards, signaling short-term bearishness. - 50-day EMA: Positioned above the current price, acting as resistance. A failure to reclaim this level could confirm the bearish trend. - 200-day EMA: Often considered a long-term trend indicator. Currently below the 200-day EMA suggests a longer-term bearish outlook. - Other Moving Averages: - The 100-day SMA is also crucial, currently providing a near-term resistance level. A breakdown below this moving average may lead to increased selling pressure. 5. Momentum Indicators Additional indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can provide further insights: - RSI: Nearing oversold levels, indicating that a short-term reversal could be on the horizon. - MACD: The MACD line has crossed below the signal line, suggesting bearish momentum. Conclusion and Future Outlook The technical analysis indicates that Bitcoin is currently in a bearish phase, as evidenced by the price's position relative to key moving averages, the Ichimoku Cloud, and other indicators. The 61.8% Fibonacci retracement level around $68,480 serves as a crucial resistance point. A sustained move above this level, along with reclaiming the 50-day EMA, could signal a potential recovery. Conversely, continued weakness below the 200-day EMA and the lower Bollinger Band suggests further downside risk, with potential support around the $66,000 mark. Traders should closely monitor these levels and indicators for signs of either a reversal or continuation of the current trend.
BITSTAMP:BTCUSDLong
by BTC-Blockchain
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings: Now analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week, I would consider purchasing the 165usd strike price Puts with an expiration date of 2024-9-20, for a premium of approximately $2.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:PGShort
by TopgOptions
AAL American Airlines Group Options Ahead of EarningsIf you haven`t sold ALL before the previous earnings: Now analyzing the options chain and the chart patterns of AAL American Airlines Group prior to the earnings report this week, I would consider purchasing the 10.50usd strike price Puts with an expiration date of 2024-7-26, for a premium of approximately $0.41. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:AALShort
by TopgOptions
PM Philip Morris International Options Ahead of EarningsIf you haven`t sold PM before the previous earnings: Now analyzing the options chain and the chart patterns of PM Philip Morris International prior to the earnings report this week, I would consider purchasing the 109usd strike price Calls with an expiration date of 2024-7-26, for a premium of approximately $1.22. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:PMLong
by TopgOptions
Building Success In PineScript - The Ment Pressure SystemAfter more than two weeks of playing around with Pinescript, I've managed to put together some really cool tools for my followers/subscribers. The idea of price pressure intrigued me, so I decided to create something based on it. Ideally, I planned to build something that helped traders find and execute better trades. It is difficult to identify chop vs. trending in any market/interval. My goal was to create a small suite of tools to help traders identify better trade setups. I still believe I have more work to do with these pressure tools, but I'm very happy with how they work. I did learn some "tricks" with Pinescript related to how variables and processes work (of course, by trial and error). Watching the code run in real-time has been fun (watching a 2 min ES chart). I can't wait to see how my followers use these tools and develop new ways to deploy them efficiently. What are your thoughts? Anything I can do to improve? Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Education
by BradMatheny
MSFT Microsoft Corporation Options Ahead of EarningsIf you haven't entered MSFT when they bought a stake in OpenAI, the creator of ChatGPT: Now analyzing the options chain and the chart patterns of MSFT Microsoft Corporation prior to the earnings report this week, I would consider purchasing the 460usd strike price Calls with an expiration date of 2024-11-15, for a premium of approximately $13.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:MSFTLong
by TopgOptions