USDMXN LONG OPPORTUNITY, HIGHLY OVERSOLD!!!
Updated
Rate hike expectation is up, inflation is not gonna fade soon. Fundamentally strong USD. USD strong toward first hike is the best bull.
Trade active
Note
We have break out from the wedge. very nice.Note
Keep on going.. very nice!Note
Everything looks good as expected.. usd is strong toward MaechNote
Oil approaching $100, US10Y yield about to reach 2.0%, oil get into $100 soon, and huge beat on job creation (NFP) 467,000 compared to the median forecast of 125,000 kick the previous ADP release out of the picture. With all the growth stats above the pre-pandemic level all across the major economy, rising wage, workers scarcity. Inflation inevitably will burn more hotter, and next week we potentially will have another volatile week, as it’s scheduled for US CPI release. This is happening in the context of mounting concerns about another Fed policy mistake and a stunning lack of urgency in policy guidance.No matter how Central Banks communicating their forward guidance, we are not fall back off the tightening cycle, All the number in stats suggest that the ‘transitory’ theme was a fatal reading mistake, and Central Bank won’t be trapped into more far from the curve situation to control the inflation. All this bring us to conclusion to still strong bullish on USD into March
Note
Next week, is a big weekNote
We are taking profit for USDMXN as Banco de México set to hike rate to 6% this Thu.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.