Current Trend: The US dollar is strengthening against the Mexican peso.
Key Level: The market is approaching the critical 20 MXN level.
Potential Breakout: A breakout above 20 MXN could lead to significant price movement.
Current Range: Prices are currently fluctuating between 19 MXN and 20 MXN, indicating a buildup of momentum.
NEW US BILL PROPOSES SELLING GOLD TO BUY BITCOIN A new bill has been proposed by US Senator Cynthia Lummis. The bill aims to establish a national strategic reserve of Bitcoin. Lummis suggests selling part of the US Federal Reserve’s gold reserves to finance Bitcoin purchases. The proposal aligns
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US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
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