Mexican peso lingering on 19.75-20.50 region, new political and monetary policies in USA that could lead to more gains for the PESO. Awaiting new president elect Joe Biden stimulus plan for us economy along with new vaccine administration policies for covid-19 more stimulus in us could send peso to the 19.00-18.50 in the upcoming weeks of January- February
Love how it's goin' on. If we are short on USD we are long on AMLO, is that even reasonable?
If the retracement ends (fibs) see how a previous high, and ABCD pattern matches. Market sentiment is currently bullish on this pair. Cheers!
Here is a scary thought for the average Mexican. With the leftist inclination of Mexican President Andres Manuel Lopez Obrador (AMLO), Mexico could near an inflation streak for the following months or years to come. Uncertainty has risen in Mexico about whether AMLO's leftist policies will mean the printing of money to pay for public services and goods or weather...
I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in...