ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
Against the U.S. dollar, the Mexican peso, USD/MXN, has left its 15-month low in the dust. For the past month, USD/MXN has neatly followed its upper-Bollinger Bands (BBs) straight through a bullish confirmation of a 50DMA breakout and then a bullish breakout above its 200-day moving average (DMA). Source: FreeStockCharts.com Most importantly, USD/MXN has now … Read more
Just as I had hoped and anticipated, the Banco de Mexico hiked its interest rate to 7.0% on June 22nd and kept pace with the U.S. Federal Reserve’s rate hike. Apparently, this rate hike was not a news flash. According to Reuters, the consensus opinion also anticipated a rate hike: “Analysts expected Mexico would match … Read more