MNI BRIEF: Canada Debt Management Strategy Highlights

CANADA BUDGETS 2024-25 DEFICIT OF CAD39.8B OR 1.3% OF GDP

MNI BRIEF: BOC's Macklem - Inflation Moving In Right Direction

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

AUDUSD Falls To Fresh 5-Month Low, USDMXN Rises Above 17.00

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary: USDMXN Pullback Is Considered Corrective

LATAM FX
  • USDMXN traded lower again yesterday having pulled back from recent highs. The sell-off is considered corrective. Recent gains have reinforced current bullish conditions signalling scope for an extension higher. The focus is on 20.9695 next, Mar 24 high. Support is seen at 20.4618, Oct 7 low.
  • The USDBRL trend needle still points north. Last week's break of 5.4741, Aug 20 high confirmed a resumption of the uptrend that started Jun 25. This opens the 5.60 handle and 5.6428, 76.4% of the Mar - Jun downleg. Initial firm support is unchanged at 5.3534, Oct 1 low.
  • USDCLP maintains a firm tone and fresh highs earlier this week reinforce bullish conditions and confirm an extension of the bullish price sequence of higher highs and higher lows. The focus remains on 834.36, 76.4% of the Mar 2020 - May 2021 downleg. Firm short-term support lies at 804.22, the 20-day EMA.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

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.