I like that FM: "The Mexican Peso (MXN) may be moving due to the Finance Minister's intervention to prevent further depreciation following election-related declines, reassuring investors about fiscal discipline and investment continuity. Additionally, market sentiment towards risk influences MXN performance during periods of turbulence or stability. Economic data showing unexpected slowdowns in Gross Fixed Investment post-election could also impact MXN valuation as it reflects potential legislative changes that might affect the economy negatively. Analysis of global currency returns, points to MXN movement as the main driver of the cross."
Most people forget that bonds tend to lead stocks.
bingo
I like that FM: "The Mexican Peso (MXN) may be moving due to the Finance Minister's intervention to prevent further depreciation following election-related declines, reassuring investors about fiscal discipline and investment continuity. Additionally, market sentiment towards risk influences MXN performance during periods of turbulence or stability. Economic data showing unexpected slowdowns in Gross Fixed Investment post-election could also impact MXN valuation as it reflects potential legislative changes that might affect the economy negatively. Analysis of global currency returns, points to MXN movement as the main driver of the cross."
Animals both of you hahaha
50 isnt a magic number in the ISM. that is just a metric people use. There is no thing that says under 50 is contraction.
ISM doesnt set the logic for SPX to trend tho
I wouldnt be short duration here