Kwon Air

Whelp that escalated. If you remember, last week, an arrest warrant was issued in South Korea for Do Kwon. The current situation for Kwon became a little bleaker after Singapore Police confirmed that they are helping South Korean police apprehend Kwon – but Con Kwon is no longer in the country.  

South Korean prosecutors allege that Kwon is “obviously on the run.” Kwon tweeted Saturday afternoon: 

 

South Korea is clearly interested in getting Kwon to their borders. Not only are South Korean authorities looking into canceling Kwon’s passport, but they are considering having Kwon added to Interpol’s ‘Red List’ – sort like the FBI’s Most Wanted. 

Where Kwon currently is, is unknown. Maybe he’s going to have a mini-reunion with the Three Arrows Capital execs that fled to Dubai? We’ll keep you updated as this story develops

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The Good, The Bad, And The Ugly – Week 18

The Good

If you take a look at the RRG gifs, you’ll notice that the Kiwi pairs are positioned fairly well for having a better chance of some upside potential compared to the rest of its peers. 

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FX RRG – Week 19

Stocktwits Forex RRG

Relative Rotation Graphs (RRG) help us visualize how a currency or sector performs compared to a benchmark – in this case, the U.S. Dollar Index (DXY). Think of the four colored sectors as stages in a race:

Leading Quadrant (green) – You’re a champ! 🏆 You’re ahead of everyone else, and the crowd is cheering. But watch out; you might be overdoing it.
Weakening Quadrant (yellow) – You’re slowing down 😓 and losing your lead. Maybe you’re a bit demoralized because your biggest fan didn’t show up. You’re now in the middle of the pack.
Lagging Quadrant (red) – Disaster strikes! 😱 You’re injured, exhausted, or just made a big mistake. You’re now in last place, and it’s a sad scene.
Improving Quadrant (blue) – Time for a comeback! 💪 Your motivation returns, the music swells, and you’re picking up speed. You’re back in the middle, catching up with the leaders.

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