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Day: January 13, 2020
January 132020
Mexican Peso Slides As Industrial Output, Fixed Investment Drop
The Mexican peso slipped against multiple currency rivals to kick off the trading week as weak industrial output, fixed investment, and consumer confidence impacted the currency. Despite the disappointing numbers, the central bank anticipates the economy to record a strong first quarter. Is this enough to lift the peso? Consumer confidence clocked in at 43.4 last month, unchanged from December. The bearish consumer sentiment remained at the lowest level since July as businesses and households […]
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January 132020
AUD/USD Might Be in Bearish Hands, Heading for 0.6700
The Australian dollar versus the US dollar currency pair seems to be undecided. Is it so, or are the bears preparing a surprise? Long-term perspective After printing the low of 0.6670 and confirming the 0.6700 psychological level as support, the price started an ascending trend. Along its way, the price managed to conquer the major support of 0.6850 after a second run — the first attempt was a failure, as it printed the high of 0.6929 and then got back […]
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