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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.
LATAM FX
- Despite the expected low volatility for the region, USDMXN is down 0.14% at 20.6178 and extends the recent strong performance for the Peso.
- Technically, the bearish threat remains present:
- USDMXN is consolidating at recent lows and the near-term outlook remains bearish. Recent weakness has resulted in a break of the 50-day EMA and a an extension through 20.7009, 76.4% of the Nov 9 - 26 rally.
- A clear break of this chart point signals a move to the 20.50 handle and the November lows residing at 20.25. Key short-term resistance is unchanged at 21.3637, the Dec 15 high.
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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