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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MEXICO
- USDMXN has extended the week’s gains, breaking above the Apr 6 high of 20.1950. Supportive price action overnight amid broad greenback strength has seen the pair extend to fresh highs at 20.3789, up 0.86% on the day.
- This level closely matches with the 38.2% Fibonacci retracement from the March-April range and the 200-day EMA at 20.3741.
- Clearance of 20.1950 is a bullish technical development, signalling a potential base at 19.7274.
- At 1200BST/0700ET, Mexico will release bi-weekly inflation data where the annual headline rate is expected to have marginally increased from the prior reading with Core CPI also estimated to advance above 7% from a prior reading of 6.88%.
- April Bi-Weekly CPI, est. 0.07%, prior 0.59%
- April Bi-Weekly CPI Y/y, est. 7.63%, prior 7.62%
- April Bi- Weekly Core CPI, est. 0.37%, prior 0.40%
- April Bi-Weekly Core CPI Y/y, est. 7.10%, prior 6.88%
- Economic activity data for February will be published on Monday and for reference, the next Banxico decision/statement is scheduled for May 12.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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