Futuro del peso mexicano 1-2

  • USD/MXN opens NY 20.6625, rises to 20.74 after ADP emp
  • MXN bid o/n,  Matching flows  light in Asia pick up in Europe
  • Mex bus conf 9AM & Markit Mfg PMI 10.30AM; slew of US data 9.45/10AM
  • USD/MXN sup 20.6595 Wed low (triple bottom), 20.5523 daily cloud top
  • Res 20.7538 hrly cloud base, 20.7937 daily pivot, 20.8450 Wed high
  • Fed at 2PM, no chg exp’d, waiting for fiscal clarity
  • ADP data show U.S. private sector added 246k jobs in January
  • Blows past forecast for 165k, giving Fed something to think about
  • December was revised marginally lower to 151k from 153k
  • Trump policy uncertainty may have overshadowed data somewhat recently
  • But this is a big number and jobs always important to Fed; NFP looms

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