Forex Investment and Currency Trading

The Exchange Commission Discomfort with the MXN – As part of its International Reserve Reduction Mechanism, every three months Banxico announces a daily amount of USD reserve sales based on a simple, transparent formula established since 2003. Arguing the need to compensate US$8.0bn taken from international reserves used by the Ministry of Finance to buy [...]

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The USD Index has broken its downtrend and appears to be establishing a more positive tone. Lower gasoline prices should provide important relief to US consumers while there are signs that home sales are nearing a bottom. There is a positive outlook for the USD versus developed currencies, particularly in Europe, but the USD is [...]

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The economic backdrop for the British Pound (GBP) is bleak.
UK is either in or on the verge a recession with y/y GDP growth set to turn negative by Q4.
Housing activity indicators have slumped to levels last seen in the depths of the 1990s housing recession whilst consumer confidence readings have plunged.
One bright spot had been [...]

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