Touching 300 EMA For The First Time In 2½ YearsI have previously talked about pairs at extraordinary levels, such as EURDKK. Currently the talk on the street is USD/MXN. It is fascinating how much the dollar has fallen the past months. I publish this to remind everyone that keeping an eye on this one, might be wise. It's either going to fall like a brick or, as I assume, rise again majestically.
Usdmxnlong
POSITIONING | MXN Peso Shorts ... Are looking a little less extreme than they were before Trump's inauguration, whilst the currency represents great value. I'm inclined to take the under on Trump's doomsayers and this trade is the best way to express that view while collecting carry (presuming realised volatility continues to calm).
USDMXN will rocket up tomorrow with the government change in USAs we already saw in the previous debates and the day when the elections in the United States ended the Mexican peso suffers a lot in all that concerns to Donald Trump, the day he got elected this currency lost a lot of value against the USD.
The same thing will happen tomorrow, this is a total bullish forecast.