Tag Archives: MXN
Weekly CFTC Trader Positioning Data
On a year-to-date basis the USD has weakened against all of theprimary currencies (with the exception of CAD) accordingly long USD positions have been frustrating.
Weekly CFTC Trader Positioning Data
Relative monetary policy and global growth expectations havebeen the primary drivers of this week’s shifts in sentiment. Theultimate signal from the FOMC has been a more robust outlook—both for the US and globally,
Weekly CFTC Trader Positioning Data
Sentiment shifts this week largely reflect the impact of investors’reactions to recent central bank & policy-related developmentsgiven that currencies had remained relatively quiet headinginto Tuesday’s position date.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for the fourth consecutive week but most positions remain relatively neutral, close to the median of the last 52-weeks.
Brave New World
Tighter liquidity, shifting portfolio allocations and falling commodity prices meanperformance in manufacturing exports will be key for EMFX. Insofar as exportsfollow the law of one price,
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for thefourth consecutive week but most positions remain relatively neutral,close to the median of the last 52-weeks.
Weekly CFTC Trader Positioning Data
The USD is being traded not as a broad US‐centric theme butinstead with the focus on the local domestic stories. Accordingly sentiment is favouring a fairly mixed USD performance.
Weekly CFTC Trader Positioning Data
UPSIDE RISK FOR GBP • Markets were hesitant to build on existing positions and
Mexico Expected To Continually Grow 5% ‘For Decades’
Rapid growth, a manufacturing boom and key industries opening up to foreign involvement put Mexico in a position to be this decade’s China in terms of investment opportunity.
Weekly CFTC Trader Positioning Data
• Shifting risk appetite, ISM-related concerns over the pace of US growth, and central bank-driven positioning were the key themes driving sentiment this week.
USDMXN – nearing wave-C support within larger bull triangle at 13.30/28
The consolidation we laid out last week is still underway. Above the 13.20 retracement zone, prices are forming a bull triangle as wave-(4) in an uptrend from December.
FX Daily: Back the EM Bounce
We think there is little prospect of recent country-specific crises spilling overinto other EM or DM markets.