My own view on USDMXN
This trading pair has been declined for many trading weeks with the strong in MXN (Long 80% of MXN by big financial institutions showed on CFTC data).
This week, the CFTC Data shows that Big Financial Institutions have closed Long Positions and Add more short Positions on MXN.
FED also prepares for raising more rate as inflation is still higher.
I expect this trading pair will be very bullish in these two trading weeks.
This is just my point of view not financial advice.
This trading pair has been declined for many trading weeks with the strong in MXN (Long 80% of MXN by big financial institutions showed on CFTC data).
This week, the CFTC Data shows that Big Financial Institutions have closed Long Positions and Add more short Positions on MXN.
FED also prepares for raising more rate as inflation is still higher.
I expect this trading pair will be very bullish in these two trading weeks.
This is just my point of view not financial advice.