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USD/MXN 4-Hour Chart The Mexican Peso is consolidating near recent highs with investors bracing for the US employment reading. Weak US macroeconomic data and some hawkish comments by Banxico’s deputy Governor have buoyed the MXN this week. Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction. submitted by /u/Denchock |
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TKL: The “Fed pivot” is officially DEAD – Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December. The unemployment FELL to 4.1% just after the Fed said the labor market was “weakening.” So, why are stocks crashing? Let us explain.
To begin, the US economy added 256,000 jobs in December, or 92,000 MORE than expected. On average, the US economy