Saudi Exchange is a stock exchange based in Saudi Arabia (Middle East), identified by the ISO 10383 market code XSAU. On Traderforum, traders discuss listings, market sentiment and trade ideas connected to Saudi Arabia's markets. Follow the conversation, share analysis, and track bull/bear sentiment across the instruments that matter to Saudi Exchange participants.
Looking at $USDBRL for a potential short. Copom's hawkish stance is softening, and the market is pricing in rate cuts starting Q3. Inflation is easing, and the government's fiscal situation, while still a concern, is not deteriorating as rapidly. Expecting a move lower towards the 4.70 handle.
GTC hype is over, and $NVDA has pulled back significantly from its highs. I'm seeing support forming around the $850-860 level. Looking for a tactical long play with a tight stop.
With the FSD news and continued delivery concerns, $TSLA just keeps bleeding. I was hoping $160 would hold, but we blew past that. Is $150 the next support, or are we looking at a deeper capitulation towards $140?
