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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 is continuing its downward trajectory, maintaining the week’s bearish theme. The pair has breached both the 20- and 50-day EMAs, signalling potential for a deeper short-term pullback. The next support, residing at 20.4668, 76.4% of the recent rally between Feb 23 - Mar 8, has been tested overnight and will remain the focus in today’s session.
- Limited data on the docket until next Thursday where not only will markets receive the latest decision from Banxico, but latest CPI and retail sales figures will also be released.
- Mexico to host its Oil Expropriation Day with an event in Minatitlan, Veracruz, which will include President AMLO, Pemex CEO Octavio Romero Oropeza and Energy Minister Rocio Nahle. Event scheduled to start at 11am Mexico City time and will be live-streamed.
- Additionally, at 9am: Fitch Ratings event on credit risks if Mexico approves AMLO’s energy reform.
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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