Technical Focus: Trading Emerging Market FX; USD/MXN and USD/ZAR

Looking for ideas and forecasts? Visit the DailyFX guides and forecasts page. Also, check out the webinar schedule. Are you positioned with the crowd? Check the IG Client Sentiment page to find out. May seasonal tendencies are bearish for emerging markets. Seasonal tendencies are a secondary consideration (everything is secondary to price!) but the charts […]

USDMXN-Sharply-Rallies-on-US-Election-Results_body_Picture_5

USD/MXN Sharply Rallies on US Election Results

USD/MXN has been labeled the ‘Trump trade” for the past few months and today it is living up to its name increasing 11% since the daily close. With some large electoral states leaning towards Donald Trump, USD/MXN has swung violently and trended higher currently up over 11% over the past 5 hours. Though it is […]