Futuro del peso mexicano 13-4

  • Banxico left rates unchanged but a 7.5% yield is a huge draw anyway
  • Rates are the highest since Jan 2009 and investors likely yield hungry
  • Global stocks resilient to US/China trade spat. FX vols are low
  • Oil sees big gains, (80 targeted). MXN the darling of possible carry trades
  • USD/MXN underpinned by 18.00 options but stops are assured below
  • Break likely sees Jul 2017 low at 17.45 possibly Apr 2016 low @ 17.05
544.20 = 50 HMA
Futuro del peso mexicano 13-4
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