In today’s briefing:
- Asia HY Monthly – July 2023 – Lucror Analytics
- EQD | NIFTY Index WEEKLY Correction May Be Ending
- Morning Views Asia: Country Garden Holdings Co, MGM China Holdings, Vedanta Resources
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Asia HY Monthly – July 2023 – Lucror Analytics
The Asia Monthly focuses on providing updates on recent events, information on new issues and spread movements, as well as summarising our top picks. The Asia Monthly is intended to broaden investors’ understanding of the Asian USD high-yield market.
EQD | NIFTY Index WEEKLY Correction May Be Ending
- The NIFTY Index has been falling for 2 weeks and is reaching mildly OVERSOLD territory. If this was a retracement during the main rally, it may be time to BUY.
- The Market Reversal Matrix’s shows a bullish pattern, the time+price combined probability of success for LONG trades from current prices, after 2 weeks down, is >66%.
- Price area to go LONG: 19400 to 18792, you can go LONG this week and also next week, if down (CC=-3).
Morning Views Asia: Country Garden Holdings Co, MGM China Holdings, Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.