Tag Archives: USD/MXN
Weekly Economic & Financial Commentary
U.S. Review Yellen at the Senate, While Weather Still Skews Data • As expected, GDP growth was revised lower, reflecting a slower build in inventories, a weaker trade position and a more cautious consumer.
Weekly Economic & Financial Commentary
U.S. Review Weather Effects Continue to Influence Economic Data Housing starts plunged 16 percent in January to an 880,000-unit pace. Building permit activity also declined for the month but not as sharply.
USDMXN – 13.39 pivot key to promoting bullish outlook & 13.90 target
The bullish consolidation continues (wave-B) and we are awaiting a rally through 13.39 to signal that the expected move to 13.90 is commencing.
Weekly Economic & Financial Commentary
U.S. Review Monetary Policy: Continuity—For Now · In her testimony to the Congress, the new Fed Chair called for continuity and
Weekly Economic & Financial Commentary
U.S. Review Is the Economy in a Freeze? · Businesses added 113,000 jobs in January, which was fewer than expected.
Weekly Economic & Financial Commentary
U.S. Review Shall We Do the Real GDP Shuffle? · Real GDP posted its second consecutive quarterly above-trend gain in the fourth quarter, rising at a 3.2 annual percent pace.
Weekly Economic & Financial Commentary
The Recovery Remains in the New Year · An uptick in the Leading Economic Index points to slightly stronger future growth,
Positive $ signs, sell the NOK and MXN
EUR/USD: The first step of the next attempt to break the 55d ma andJuly support line has now been taken. The bounce from the1.3581 low point should be seen as corrective hence anopportunity to sell.
Weekly Economic & Financial Commentary
U.S. Review Employment Throws a Curve Ball After Fed Tapering • Employment plummeted well below consensus estimates, rising by only 74,000 jobs in December compared to the survey forecast that expected almost 200,000 jobs.
Weekly Economic & Financial Commentary
U.S. Review A Little Less Punch in an Awfully Big Bowl * Citing progress in the labor market and more balanced risks to the outlook, the FOMC has decided to begin scaling back the pace of its asset purchases in January.