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U.S. Dollar / Mexican Peso

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USDMXN trade ideas

Short in USDMXNAfter a thorough analysis, I initiated a short position in USDMXN. My decision was based on a combination of factors, including my short-term positive fundamental outlook on MXN and my perspective on USD. Furthermore, after carefully examining the trend and indicators, I am confident that this position aligns with my investment strategy. While there is always an inherent risk in any investment, I believe this opportunity's potential downside is worth pursuing. By maintaining a disciplined approach and closely monitoring market conditions, I am optimistic about the potential for a favorable return on investment. As always, I will monitor this position closely and make any necessary adjustments as market conditions evolve.
Short
by JuanHernandez
2
Stealthy PesosPeso fundamental's and the lack of retail coverage, quiet mover. The Mexican peso traded at 17 per USD in July, its strongest since November of 2015 as evidence of a resilient Mexican economy supported forecasts that the Bank of Mexico will remain hawkish for a prolonged period. Fresh PMI data showed that the country’s manufacturing sector expanded in June, the only country within the Americas that escaped from a contraction in the period. The result was the latest among a batch of strong economic releases, adding to Banxico’s recent signal that interest rates will remain at the current record high of 11.25% as long as possible to curb inflation. The figure compares to a current interest rate of 5.25% in the US. The Mexican peso has been among the world’s strongest this year, appreciating 14.4% against the dollar since the end of December 2022.
Short
by moneymagnateash
LONG - USDMXN (MN WK D) (25 May 2023)Position Trade/s - USDMXN - Massive opportunity to go LONG as there are strong arrival candles reaching MN Demand Zone which is FRESH! Hence, set and forget trades in MN, WK and Daily and Intraday H4 MN Trade/s - To take entry at MN TF WK Trade/s - Take entry at WK TF - However, price might pierce through re-tested WK demand zone as there were multiple retests - Hence, WK potential BUY zone is deeper Daily Trade/s - 3 potential BUY Zones in Daily TF
Long
by angieh
2
USD/MXN 15,5-16 there was a paralel channel between 1995-2023 and MXN was swinging between lines, It's not easy to break down a 23 years old channel, if there is no solid actions in the future, something beyond of your usual ideas. your mind may say its a bottom, MXN has to be traded between 19.50 and 21 but its not and it will not. Reasons; 1- Mexico has the highest currency protection - If you don't have a company doing export and import, you can not have USD account. - Money exchanging immediately after swift operations, there is no chance to holding USD overnight in your bank account. 2- With new President Amlo, Mexico's political decisions more stable and less corrupted, since the COVID, foreigners real-estate investments started to increase in Baja California, Yucatan , Oaxaca and especially in Quintana Roo states (Cancun, Tulum) 3- Also big American companies are building new factories at the North of the country where near to US border. For cheaper labor cost and less income taxes. Elon Musk's Tesla building a giga factory in Monterrey, Nuevo León 4- Chinese companies are throwing money in North side of Mexico for new factories and investments. Less transportation cost + benefiting from Nafta agreement.
Short
by Stockthunder
USDMXN 9/JUN/2023On the daily timeframe, the price of USDMXN is displaying a descending channel pattern. This pattern consists of a series of lower highs and lower lows, forming a channel with a downward slope. Currently, the price is within the descending channel pattern and approaching the support level. Given the characteristics of a descending channel pattern, there is a higher probability of a price rebound or bounce when it reaches the support area. This means that we might see a temporary upward movement in the price as it interacts with the support line of the channel. If the US monetary policy tends to be dovish, meaning leaning towards looser or more accommodative measures, there is a possibility that the price could fall further. This could happen if the market interprets such policy as negative for the US dollar, leading to increased selling pressure on USDMXN. Paying attention to inflation data and the Federal Open Market Committee (FOMC) meetings is crucial for understanding the future direction of the USD. Here's why: Inflation refers to the increase in the general price level of goods and services over time. Rising inflation erodes the purchasing power of a currency, including the USD. Therefore, monitoring inflation data helps assess the potential impact on the USD's value. Higher inflation may lead to expectations of tighter monetary policy, which can strengthen the currency, while lower inflation might imply a more accommodative stance, potentially weakening the currency. The FOMC is the policy-making body of the Federal Reserve, responsible for setting the monetary policy of the United States. FOMC meetings provide insights into the current economic conditions, growth projections, and decisions regarding interest rates and other monetary policy tools. Changes in interest rates directly affect the attractiveness of a currency for investors, impacting its value. Therefore, understanding the outcomes and statements from FOMC meetings is crucial for predicting the future direction of the USD. FOMC meetings also provide valuable information through the Federal Reserve's forward guidance. This guidance offers indications about the future path of monetary policy, such as the likelihood of rate hikes or cuts, tapering of asset purchases, or adjustments to other policy tools. Investors closely analyze these signals to anticipate shifts in interest rate differentials, which can influence currency exchange rates. Inflation data and FOMC meetings influence market sentiment and expectations. Positive economic data and signals of tighter monetary policy may instill confidence in the USD, attracting investors and supporting its value. Conversely, weaker inflation data or indications of a more accommodative policy stance might lead to concerns and a potential depreciation of the currency.
Long
by DNP-FX