Look at the US Dollar index and bond yields before leaping
$UOB (U11.SG)$ $DBS Group Holdings (D05.SG)$ $OCBC Bank (O39.SG)$ You will see several trap setups to lure in unsophisticated investors and traders. Rule of thumb is to be cautious if rallies in these financials coincide with rises in $USD (USDindex.FX)$ $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ The dollar and bond yields dont lie even when temporary price action does.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
afarty : so what's your point?
Oofymcoofface OP : downside risk exceeds upside potential
70620572 : USD plummeting
Oofymcoofface OP 70620572 : thats true. due to Yuan demand. Will be hard to tell the outlook from here.
102246337 : Save the bullets
Oofymcoofface OP 70620572 : believe USD will bounce back after Yuan's excessive rally is faded