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.
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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