The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow. It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
This week, the focus of many traders will be on US inflation data, which will provide valuable insights into the Federal Reserve's monetary policy outlook. The forecasts indicate a potential 0.2% increase in both headline inflation for December and the core rate. On an annual basis, the headline inflation rate is anticipated to rebound to 3.2% from November's...
Thesis: This is a trade made by Senator Thomas Carper last month. Upon reviewing and doing my research, it seems the volume of one of the pipelines in the gulf of Mexico controlled by Valero Energy has has a significant increase in volume. Looks like a bullish year ahead for Valero! Here are the levels I will be interested in. Please note that this is a...
CME: USD/Mexican Peso ( CME:6M1! ) What’s the strongest currency in 2023? Hint: Not the US dollar. • Although dollar index has rallied nearly 6% in the past two months, it gained just 2.1 points, or +1.9%, year-to-date, to settle at 105.583 as of September 22, 2023. • British Pound futures ( SEED_TVCODER77_ETHBTCDATA:6B ) was up 2.0% YTD, to close at $1.225 per...
Discovery Silver recently tested extra long term support on high volume . I'll admit this one is a long shot because they have a lot of hurdles to jump over to get their mine approved in Mexico . That being said i believe the time to buy is when all the bad news is out and things can only get better . Patience required on this one . We may see another retest of...
AMEX:EWW MEXICO fibonacci resistance coming up on the monthly chart
I was amazed to see the recovery the peso had built over the year, it has me honestly surprised, especially knowing the wasteland that is the administration of the Mexican Government funds and budgeting. Regardless, if there is a maxim in trading, it is that price is king, and given the structure, we can appreciate, it all seems to indicate bears are about to take...
USDMXN did not change much in the last few days, and it can stay that way till FED rate decision tomorrow. From an Elliott wave perspective, it's a still bearish trend, but can be making a fourth wave pullback, still headed towards higher resistance as subwave c is missing. The ideal zone for the next sell-off is at 19.12, while the invalidation level is at 19.51;...
In today's video I will look into a detail analysis of USDMXN, which is doing quite well compared to the strong USD Index. So my assumption is that when USd index will hit resistance, possibly after the 10 year US notes completed the current fifht wave up, the USDMXN can easily break through the support and will be targeting Feb 2020 pandemic low. Crude oil is...
We look at this currency pair from another point of view this time; This currency pair has been moving in the side area for about 48 days, so we can predict that this side trend will continue. what do you think?
EWW should benefit from the shift toward Latin American countries and away from China. US manufacturers may be looking to bring manufacturing closer to home with geo political risks escalating this year. Higher shipping costs make Mexico an obvious candidate to consider. However, price action in EWW etf, as well as many other equity funds, are showing that the...
the mex peso is in a clear uptrend vs USD; and is now sitting at multi year pivot price right before mexico central bank decision later day! I'm extremely bullish MXN
USDMXN made a rebound this week as the USD restarted its momentum to the upside. The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well positioned to absorb tighter credit conditions while avoiding recession and rising...
After checked FSR indicator I was able to locate some possible points which MXN will be follow. Due high scale I was NOT able to modify my first approach so please keep in mind that this is only the next moves but no exact dates.
1. Uptrend coming since 2020. 2. Consolidation during health emergency, 3. Rising economy beacuase of opening borders and presencial labor. 4. Limit roof standing because of Fed tax rate increase. %. Waiting for trend continuation completing pattern. Fundamentals International relationships National economy-labor increasing United States sponsorship on...
Indira Kempis is pro-Bitcoin. Mexico's president is not. Moreover, Kempis is a member of an opposition party, so her efforts are less likely to gain traction. Indira Kempis, a senator from the state of Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender, even though the odds are stacked against her.
We will probably go long on this one. MXN has had a fine run but we are seeing that power is decreasing and its running on tequila fumes. When price makes a breakout of previous high it will indeed get us confirmation. Peace be with you and happy trading!
Rejection off 100 day EMA with bearish MACD and WMACD divergences. I am bearish on the stock.