News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • US 10yr Treasury Yields are consolidating right around the 1.60% level today, trading around their highs of the pandemic. $USD
  • #Gold, #Silver, #Dollar, $AUDUSD, $USDCAD and #Bitcoin Technical Levels - Webinar Archive -
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.08% 🇬🇧GBP: -0.18% 🇦🇺AUD: -0.19% 🇯🇵JPY: -0.41% 🇪🇺EUR: -0.42% 🇳🇿NZD: -0.42% View the performance of all markets via
  • #Gold just hit a fresh multi-month low as the precious metal dropped to trade around the $1,680 level. The metal broke through support alongside the rise in yields in February, falling from around $1,800 to its current lows. $XAU $GLD
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 3.35% France 40: 2.17% FTSE 100: 1.38% Wall Street: 1.31% US 500: 0.88% View the performance of all markets via
  • Hey traders! Get your Monday market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • Really great article - apposite on International Women's Day but also a great read on the other 364 days of the year. @DailyFX h/t Weld Royal and Izaac Brook
  • $USDCHF has risen to fresh seven month highs today as the pair continues to trade above the 0.9300 level, at its highest levels since July of 2020. $USD $CHF
  • Germany 30 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 30 since Jan 09 when Germany 30 traded near 14,102.20. A contrarian view of crowd sentiment points to Germany 30 strength.
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.07% Gold: -0.74% Oil - US Crude: -1.36% View the performance of all markets via
USD/MXN – US Dollar Pressing Support, Big Breakout vs Mexican Peso

USD/MXN – US Dollar Pressing Support, Big Breakout vs Mexican Peso

Paul Robinson, Strategist

USD/MXN Highlights:

  • USD/MXN big-picture triangle breaking to the downside
  • Could be a fake-out but running with what is immediately presented
  • Breakout in volatility could be a good omen for FX volatility in general

Less than two weeks ago I was discussing the backdrop for a volatility breakout in the US Dollar versus the Mexican Peso, and as of last week USD/MXN is starting to break down out of the macro-wedge dating back to the beginning of 2017.

The break that started last week has only been minor thus far, with price just starting to poke through the underside trend-line of the pattern and probing the October low. This slight breach isn’t yet making for a compelling breakout, and with us moving closer to the end of the year we may not see momentum come in until the calendar flips.

There is still a good chance that the initial breakout will be a false one, as these types of patterns (symmetrical triangles) are known to have a ‘fake-break’ or two around the apex before finding a sustainable direction.

Even with that being the case, it is a good idea to take what the market presents immediately in front of us when it comes to these things, and be ready for an alternate scenario to play out should the cards start to turn that way. For now, some separation below 19 will help strengthen the bear case.

An inability to continue to sustain lower will begin to increase the likelihood we see a reversal higher. In that case, the false breakdown and rally would be in-line with the longer-term trend, but for confirmation to come on the top-side a breakout above 19.94 with force is desired.

Dollar/FX volatility has been on a major decline these past few years, leading the US Dollar Index towards finishing 2019 with the smallest annual trading range since 1976. The USD/MXN chart highlights this crunch in volatility, and it starting to jostle itself free looks like a major silver lining for FX volatility as we head into 2020.

Traits of Successful Traders
Traits of Successful Traders
Recommended by Paul Robinson
Find Out What Makes a Successful Trader Tick
Get My Guide

USD/MXN Weekly Chart (regardless of how it unfolds, looking for volatility to pick up)

USD/MXN weekly chart, regardless of how it unfold, looking for volatility to pick up

USD/MXN Chart by TradingView

USD/MXN Daily Chart (needs to weaken a bit more and get some clearance)

USD/MXN daily chart

USD/MXN Chart by TradingView

***Updates will be provided on the above thoughts and others in the trading/technical outlook webinars held at 1030 GMT on Tuesday and Friday. If you are looking for ideas and feedback on how to improve your overall approach to trading, join me on Thursday each week for the Becoming a Better Trader webinar series.

Resources for Forex & CFD Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.