Buy lows for long term positons
This par will break any moment, won't resist another attack to the 20.20. That is more likely to happen 1st quarter next year
Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points.
Factors:
Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays.
Oil prices won't support the peso.
Mexico's president populist programs will affect the investment, slow growth is expected
Pemex may have a rating downward.
I think is too risky to think in 18s, will be more profitable to buy lows and wait to the 21 to 24
Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points.
Factors:
Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays.
Oil prices won't support the peso.
Mexico's president populist programs will affect the investment, slow growth is expected
Pemex may have a rating downward.
I think is too risky to think in 18s, will be more profitable to buy lows and wait to the 21 to 24
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