Mexico's peso is slightly weaker against the US dollar as Greek debt woes and hopes of US Fed action keep participants on tenterhooks. USD recently quoted in Mexico City at MXN13.1660, according to Infosel,
compared with Monday's MXN13.1225. "The move in MXN is likely overextended, with USDMXN already up 14% from this year's lows. But liquidity continues to work against the peso for the positioning risk in fixed income markets suggesting continued poor price action in the short term," RBS says.
Elliottwave
(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. stock market over the past 12 years. Watch as Bob himself explains what this pattern means for you and the markets.
You can get even more analysis – including an 84-year study of stock values – that will help you gain perspective about the recent market moves with Elliott Wave International’s FREE report, “Reality Check: Studying the Past to Bring Clarity to the Future.”
You’ll get a glimpse into the in-depth analysis Robert Prechter presents each month in his Elliott Wave Theorist with 3 excerpts from his most recent issues.
Don’t let extreme market volatility leave you confused and scared. Prepare yourself for today’s critical market juncture with your FREE report from Robert Prechter.
Read Bob Prechter's FREE report "Reality Check: Studying the Past to Bring Clarity to the Future."
0 comments:
Post a Comment