Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Brazil

Key Market Views: Bullish Brazilian Equities

August 2012 | Market Strategy

Key technical breaks on August 6 prompted us to initiate bullish key market views on Brazilian equities and the Mexican peso, both of which have been among our favourite picks in our Latin America asset class strategy for some time now (see our online service, August 6, 'Key Market View: Bullish Brazilian Equities And Mexican Peso'). While we have since seen some gains on our bullish Brazilian equities view, we have already been stopped out of our bullish stance on the Mexican peso, after a bounce in the US dollar triggered our automatic stop-loss at MXN13.20/US$, an implied 0.8% loss from our entry level at MXN13.09/US$.

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