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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 (+1.48%) has extended its intra-day rally following the below-expectations inflation data this morning, with the weaker sentiment in global equity markets adding further pressure to the peso.
- The most recent spike to levels around 18.25 coincides with a breach of both the March 02 and 07 highs just shy of the 18.20 mark with no specific headlines on the newsfeeds.
- Additionally, there may be a potential profit taking dynamic in play ahead of the key US data on Friday. As noted, the 20-day EMA, at 18.3241, marks the first resistance point.
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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