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Banxico Preview: Higher inflation, but can they leave rates unchanged?


Banxico Preview: Higher inflation, but can they leave rates unchanged?
Joe Perry
May 12, 2021 12:37 AM
Mexico’s inflation rate for April was 6.08%, the highest since December 2017
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As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings.  However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy.  Banixco has been lowering rates since before the pandemic began.  When the coronavirus hit in the spring of last year, they began to cut more aggressively (as did most central banks). Interest rates in Mexico are currently at 4% and the central bank is expected to leave rates unchanged when they meet this week. ....

Central Bank , Week Ahead , Russian Sputnik , Interest Rates , Usd Mxn , Technical Analysis , மைய வங்கி , ரஷ்ய ஸ்பட்நிக் ,

CPI even higher than expected. Is the inflation transitory?

Yields and USD/JPY may continue to move higher in inflation concerns. ....

April Mom , Score Mom , May Mom , Interest Rates , Technical Analysis ,

USD/JPY Price Analysis: Testing 38.2% Fibo support, downside bias remains intact


4/26/2021 7:26:54 AM GMT
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By Dhwani Mehta
USD/JPY clings to 38.2% Fibo on the 1D chart, eyes 107.50.
Selling pressure remains unabated amid persistent weakness in the DXY.
Focus shifts to US Durable Goods Orders for fresh impetus.
USD/JPY is once again attempting recovery above the 107.50 level, although the bears continue to target the seven-week troughs reached last Friday at 107.47, as the US dollar extends its bearish momentum into a fresh week.
The spot shrugs off the renewed uptick in the US Treasury yields, as rising covid cases in Japan underpin the safe-haven yen.
At the time of writing, USD/JPY drops 0.10% on the day, trading at 107.82, with further downside still in play. ....

Goods Orders , Fibonacci Retracement , Relative Strength Index , Technical Analysis , பொருட்கள் ஆர்டர்ஸ் , உறவினர் வலிமை குறியீட்டு ,