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Amlo

USDMXN AMLO or Ressesion?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 he will be reallocating resources from other government agencies. The action of relocation for the time being is what is likely to happen given the President's short time in office. Time will tell weather or not the policies of the Mexican President will include the printing of money to pay to improve the community, weather he'll borrow such money or only reallocate funds. On the other hand with the United Sates being in a correction we could begin to see the price of the dollar and peso stalemate for some time with what I believe to be slight upward if the actions taken by the President become inflatory.
Long
by DarkMessiah777
USDMXN: Topped as per the weekly timeframe...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 commodities, EM currencies and weakness in the dollar. Either way, I'd like to have some exposure to oil and gold, at the very least, but also look into agricultural futures and related stocks, since the trade truce signaled strength might be seen in these markets. Another interesting market to monitor is tech, in particular $QCOM in the event of a merger...I'll be watching $SPY, since I fear it is a bit stretched, and might go back down, if it's still range bound and not trending. Cheers, Ivan Labrie.
Short
by IvanLabrie