Tag Archives: USD/MXN
LATAM Daily FX Update
Major events for the week ahead: The timing of some US data releases remains uncertain given the ongoing government shutdown.
LATAM Daily FX Update
Following yesterday’s FOMC meeting minutes release, Vice Chairwoman Yellen’s nomination for the Fed chair, and some emerging signs of potential agreements in the US political stalemate,
LATAM Daily FX Update
The Fed’s minutes should take center stage among the scheduled releases today, especially now that the uncertainty regarding who Bernake’s successor at the Fed is likely to
LATAM Daily FX Update
Chinese markets came back from a bank holiday, with last night’s HSBC/Markit services PMI showing a modest softening to 52.4 (from 52.8).
LATAM Daily FX Update
Currency markets continue trading somewhat sideways, as we wait for clarity on the US government shutdown as well as the more important debt ceiling.
LATAM Daily FX Update
Week‐ahead highlights Germany’s elections, scheduled to take place over the week‐end, are expected to be a relatively low event risk event for markets,
LATAM Daily FX Update
Things are relatively quiet on the LATAM data pipeline, but with the Fed’s FOMC meeting scheduled to make its policy announcement and update its economic projections,
LATAM Daily FX Update
The withdrawal of Fed Chair candidate Lawrence Summers of his candidacy for Fed leadership has triggered a rally in risk assets,
FX Weekly – If not now, when?
* G10: Next week’s FOMC meeting should catalyze a breakout for G10 FX. We think this will be in favour of the dollar, given improving short term rate differentials and better data.
Correctional moves (weaker dollar) remain in play
EUR/USD: The recent/ongoing move higher has come with two consecutive rather large daily candles. The rolling 21day high/low average aka “Base line” was respected yesterday,
Mainly corrective forces at play. Ended yen correction
EUR/USD: After the marginally new low was set the market entered the outlined upside correction phase.
Dollar strength making progress. Weaker SEK.
EUR/USD: With the break and close below 1.3299 a first sell signal has been triggered (underpinned by the bear divergence).