Buy mexican Peso 11.50 - 11.70

Discussion in 'Forex' started by chafro, Jun 26, 2006.

  1. chafro

    chafro

    reached 11.04 today. took profit 11.02. This is just starting. just watching for now.
     
    #21     Aug 1, 2006
  2. chafro

    chafro

    Long again at 10.89. Target 10.98. No stop for now. Ther leftist may do something crazy any time soon.
     
    #22     Aug 4, 2006
  3. chafro

    chafro

    Short USD/MXN at 10.9080 big time.

    Good opportunity.
     
    #23     Aug 23, 2006
  4. chafro

    chafro

    MEXICO CITY, Aug 23 (Reuters) - Mexico's trade deficit in July was a narrower-than-expected $319 million as manufacturing exports surged, especially in the auto industry.

    The finance ministry said its preliminary data showed exports soared 21.4 percent to $19.876 billion while imports were up 18.1 percent to $20.195 billion.

    Auto exports were up more than 25 percent, fueled by strong U.S. demand and new models from major manufacturers' Mexican factories.

    Analysts had expected the July trade deficit to come in at around $366 million.

    Mexico traditionally runs trade deficits but they have shrunk and the country has even run surpluses in recent months, helped by strong oil revenues and a boom in manufacturing exports.

    For the first seven months of this year, Mexico had an accumulated trade surplus of $223 million. ((Mexico City newsroom, editing by Tom Hals; +52 55 5282-7146)) Keywords: ECONOMY MEXICO TRADE
     
    #24     Aug 23, 2006
  5. usdBull

    usdBull

    More mindless bantering....


    19:17 USD/MXN: Peso Plummets No News - Investment Banks $ Sellers] New York
    August 23. USD/MXN ripped north this afternoon on no news, just cut outs - as
    what started as a USD rally against majors ended up as an MXN debacle. Calls to
    the few senior traders around confirmed that they had seen no underlying buyers
    of dollars, but noted a premier US investment bank selling 300-400 mln USD
    around 10.8300. The high has been 10.9130 which has capped the move on three or
    four attempts. Some traders have been waiting for "the other shoe to drop" since
    the Chiapas election impasse on Monday - and were surprised by the Peso"s
    resilience in the midst of a ratcheting up of the political tensions in the
    country.
    Technical traders attribute the move to a breakdown in the underlying technical
    picture, with spot closing over the 6 day M/A yesterday, and breaking above the
    18 day M/A today. The initial up-move was prompted by spill over USD buying from
    the majors market, but once the technicals broke down, momentum accounts started
    to liquidate. Furthermore, MXN carry trades were being liquidated as the "pain"
    outweighed the day to day "gain". A close above the 18 day M/A will be very
    negative from a technical standpoint - but at present the market does not look
    like it will cede the dollar"s current gains. The 50% Fibo of the 10.3970/
    11.5185 Lo/ Hi is at 10.9580 and may slow the move down, although daily RSIs are
    in comfortable territory at 58. Hourly RSI is at 84.5 and is extended, so it is
    likely we are close to the highs for today.
     
    #25     Aug 23, 2006
  6. chafro

    chafro

    Sell, sell, sell. Banks are going to unload their dollars at this levels. Theirs nothing to justify this move, actually shoulda moved the other way. Watch and see.

    In poker words, im all in!!!!!!!!!

    GO peso GO!!!

    GOOD LUCK
     
    #26     Aug 23, 2006
  7. usdBull

    usdBull

    are you rich yet?

    --bull

    18:36 USD/MXN: Retreats After Hitting Highs of 10.9425] San Francisco, August
    24. Broad-based USD buying and some profit-taking in emerging markets saw
    USD/MXN rally to highs of 10.9425 this session after taking out stops above
    10.9200. The currency pair is currently at 10.9188 with traders quick to take
    profit ahead of the Bank of Mexico meeting tomorrow and the speech from Fed"s
    Bernanke at the annual Jackson Hole meeting. Support is eyed at 10.8720 now and
    the lows for the session.
     
    #27     Aug 24, 2006
  8. chafro

    chafro

    just wait and see, patience.
     
    #28     Aug 24, 2006
  9. usdBull

    usdBull

    If you think I am not a patient man.....just look at my username.:D
     
    #29     Aug 26, 2006
  10. chafro

    chafro

    Not bad for a monday. Go peso Go!!! Crush the Bull!!!!!
     
    #30     Aug 28, 2006