Source: sophisticatedinvestor.com

Mexico’s Economic Outlook Update: The Differentiating EM

It has been a difficult period for all emerging markets (EMs). Just today, Moody’s downgraded Mexico’s sovereign debt outlook from “Stable” to “Negative”. Since 2014, due to the falling oil prices, international risk aversion has risen considerably, affecting first EMs. In relative terms, Mexico has been resilient. We reviewed some of the country’s fundamentals. Continue reading Mexico’s Economic Outlook Update: The Differentiating EM

MEXICAN BOLSA TECHNICAL ANALYSIS- MARCH, 28, 2016

IPC Index. March, 28, 2016 Mexican IPC index has reached the top of the consolidation that started in June 2012 and it stands close to the 46,525 historic high. In our last comment we said that we would look for a clear sell signal around current levels. On Friday 18th a pin bar formed rejecting the 45,602 level, as a result we see as attractive to open a short position at market price with a stop loss just over the 47,000 psychological level with a first price target of 42,716 for a 2:1 reward to risk trade. IPC Index. Analyst: Victor … Continue reading MEXICAN BOLSA TECHNICAL ANALYSIS- MARCH, 28, 2016