The Mexican peso advanced 0.35% during the session, demonstrating remarkable resilience amid negative signals from the Mexican industrial sector and economic uncertainties in the United States. However, the near-term outlook for the currency presents considerable challenges. In Mexico, recent industrial data has raised concerns among investors. The Monthly Indicator of Industrial Activity (IMAI) fell 0.4% in January, accumulating an annual decline of 2.8%. The most significant deterioration came from the mining and extraction sector, particularly oil and gas, which saw sharp contractions of 8.8% and 10.7%, respectively. Additionally, the construction sector remained weak with an annual drop of 6.7%, while manufacturing declined slightly by 0.8%, with textiles, machinery, and metal goods suffering the most pronounced losses. On the international front, the recent moderation in U.S. inflation has provided some support to the Mexican peso. The Producer Price Index (PPI) remained unchanged in February, coming in below market expectations. Additionally, the recent slowdown in the U.S. Consumer Price Index (CPI), which fell to an annual rate of 2.8%, reinforces expectations of a potentially more dovish Federal Reserve. This scenario could benefit emerging market currencies, including the Mexican peso. However, significant risks remain. Global trade tensions and concerns about a potential U.S. recession could drive an increase in risk aversion, negatively impacting the peso in the short term. Market attention will be focused on the upcoming Federal Reserve monetary policy decision. A dovish stance would clearly favor the peso, while a more aggressive monetary approach would strengthen the U.S. dollar, putting additional pressure on the Mexican currency. For now, the peso has shown resilience, but it will navigate cautiously while awaiting clarity on these key fronts. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
The S&P 500 is stuck in a two day old descending triangle pattern making it a tricky setup after an aggressive sell off. A clean break below could lead to a drop towards 5549 with a further 1.6 percent decline. However there’s also the chance of a false breakdown followed by a rebound which could turn this into a fake move. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
The price of the asset has rebounded from the balance zone. With the prospect of growth into the resistance zone. Targets above the resistance zone.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ? This week, XRP rejected the $2 support level and has been trading higher. Today, XRP formed an inverse head and shoulders pattern and broke its green neckline upward. ? As long as the bulls hold, a movement towards the upper bound of the falling red channel would be expected. ? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
I have entered long here, It's currently holding $100 as a major support. As you can see it retested this level over 6 times and has bounced each of those times. What the team are building is amazing, I'm a long term holding of GETTEX:TAO and I can honestly see $1k/$2k going into the future. Are you holding?
Sowohl die Wellenzählung als auch die Formation deuten darauf hin, dass beim Durchbruch der 113-Marke das erste Ziel der Kanalboden bei ca. 115 EUR sein wird. Ein Bruch dieser Zone könnte weitere Bewegungen nach unten oder eine Umkehr bestätigen. ??
Bybit celebrates its second anniversary of the Bybit Card with world statistics that show 1.5 million globally issued cards throughout this period. On March 7, Bybit commemorated this achievement with an event that took place at their Dubai headquarters to celebrate the quick integration of Bybit’s borderless cryptocurrency payment technology. The Bybit Card has reached […]
Der Ballon-Rock ist offiziell zurück! Wir zeigen, wie die Modeprofis das nostalgische Trend-Piece 2025 am liebsten stylen
Less than three months until TechCrunch’s biggest AI event yet! If you’re shaping the future of AI, investing in the next game-changing innovation, or simply eager to dive deep into what’s next, TechCrunch Sessions: AI is the place to be. On June 5, Zellerbach Hall in UC Berkeley, will be buzzing with 1,200 AI experts, […] © 2024 TechCrunch. All rights reserved. For personal use only.
Ahead of the Game Developer’s Conference (GDC), Xbox revealed on Thursday that it’s experimenting with an AI-powered gaming sidekick. “Copilot for Gaming,” powered by Microsoft’s AI technology, is a voice-activated assistant designed to enhance the gaming experience and is designed to answer questions, complete tasks, and even criticize if you’re playing poorly.  “It can trash […] © 2024 TechCrunch. All rights reserved. For personal use only.