|Day's Range||0.05 - 0.05|
|52 Week Range||0.0501 - 0.0573|
Across asset classes, markets are showing that investors don't believe President Donald Trump when it comes to his fiery rhetoric on China, Mexico and trade deals.
Analysts say the peso's strength owes largely to positive expectations about NAFTA and lessening fears about U.S. President Donald Trump.
Investing.com – U.S. President Donald Trump signed a pair of tariffs on imported steel and aluminum but exempted Canada and Mexico.
Speaking at the Frankfurt European Banking Congress, ECB President Mario Draghi, commented that “although the Eurozone economy was robust” recovery was still heavily reliant on stimulus from the European Central Bank. He stated that positive economic growth alone was not enough to allow the ECB to increase the pace of monetary policy normalization. The current … Continue reading Draghi: “Eurozone economy is robust but…”
Trading on Monday is mixed, there is no clear trend on the market. USD against some instruments is stronger and against the rest of them are much weaker. The dollar index does not give a clear direction either. In this environment, we have a nice opportunity on the USDMXN, which starts this week on the … Continue reading USD/MXN Breaks the Triangle but has 38.2% Ahead
Gold finally broke the 50% Fibonacci around the 1282 USD/oz, which was a strong resistance since the 23rd of October. After that, the price defended it as the closest support and made new mid-term highs. According to the price action principles that should trigger a buy signal on this instrument. USDMXN is forming a symmetric triangle … Continue reading Gold ends the bearish correction. USDCHF and USDMXN wait for the signal
Cryptocurrency market is a highly volatile one. This is one of its key features that lures so many new investors to the digital currency world. How is a digital coin priced? This is a question asked by any a cryptocurrency newcomer. To answer this question, however, you should first and foremost remember that digital currencies … Continue reading Bitcoin Price: Market Law and a Bit of Sentiment
There were no major U.S. reports on Tuesday, but there were major events that drew the interest of traders. Trade officials said Tuesday they were extending the negotiations towards a new NAFTA trade deal into next year. This was good news for the Mexican Peso and Canadian Dollar which posted solid gains against the U.S. … Continue reading NAFTA Negotiations Extension Drives Mexican Peso, Canadian Dollar Higher
Three technical setups on Tuesday: USDMXN – We can see first signs of the exhaustion here. After breaking the upper line of the triangle, the price surged higher. Now we are approaching the 38,2% Fibonacci where we can get a taking profit action form the buyers. That resistance is additionally strengthened by the highs from March, … Continue reading USDMXN ready to take profits, EURJPY to go lower and USDCAD to break from the sideways trend
Today’s analysis will focus on the USDMXN, which we discussed very often in our trading sniper videos during September. Back then, the price was locked inside the symmetric triangle pattern (orange lines) and we were waiting for a breakout. As anticipated, the breakout happened and it was bullish. What is more, it was very strong so the … Continue reading USDMXN is not going to climb up forever right?
Stocks try to recover today from the heavy blow that they received yesterday. American Dollar is significantly weaker and the focus of the market participants slowly shifts towards the ECB decision on Thursday. In few hours we will get a small aperitif from the BoC with their rate statement. Gold is doing what is generally expected … Continue reading Gold and Black Gold Heading Higher
That would be it about the local strength of the American Dollar. Well, at least till the FOMC, which will definitely influence the markets today. In this surroundings we do have three nice setups for you. First one is the AUDUSD, which is in a long-term up trend after breaking the upper line of the … Continue reading Few Trading Occasions Before the FOMC: AUD/USD, GBP/JPY and USD/MXN
The Technical View It was on this blog that we posted on the 22nd of January a post called “USDMXN: Multiple signs point to a reversal” and predicted that the USDMXN was finally about to reverse the 3.5 year old wild uptrend that brought it up, all the way to the 22 handle. Consider this blog … Continue reading The Mexican Peso (USD/MXN) is Reversing Once Again
Yahoo Finance's Jared Blikre joins Seana Smith from the New York Stock Exchange to discuss the latest market moves.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Mecum Auctions CEO Dave Magers joins Yahoo Finance's Jared Blikre at the New York Stock Exchange to discuss the latest trends in motor vehicle auctions, how to target millennial customers, why everyone loves a DeLorean, and the migration of transaction records to the blockchain. Mecum Auctions
Yahoo Finance's Jared Blikre and Seana Smith discuss the latest market moves.
Matthew Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the March Bank of America Merrill Lynch Global Fund Manager Survey.
Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Matthew Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest moves in the markets.