US Dollar vs Mexican Peso (USDMXN)- 10 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
USDMXN - event driven trade on US election and preferred view up towards next 40 week cycle peak.
Why the Mexican peso? Highly liquid and one of the most traded emerging markets crosses. Also an event driven angle on the US election in November, i.e. if Trump wins, the wall goes up and USDMXN rallies hard (i.e short peso regime). The market may already be pricing in a Trump victory.
