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   Strategies & Market TrendsBonds, Currencies, Commodities and Index Futures


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To: Woody who wrote (12370)12/31/2016 8:46:02 PM
From: Chip McVickar
   of 12390
 
Wonderful and Very Happy New Year to You Woody

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To: Chip McVickar who wrote (12376)1/3/2017 11:00:35 AM
From: Woody
   of 12390
 
Thanks Chip, the same to you and yours and don't be a stranger in 2017 .. <smile>. Woody

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To: Woody who wrote (12377)2/21/2017 5:16:19 PM
From: John Pitera
2 Recommendations   of 12390
 
Mexico to offer up to $20 billion in forex hedges to aid battered peso

Tue Feb 21, 2017 | 3:10pm EST

Mexico's foreign exchange commission said on Tuesday it will offer up to $20 billion in currency hedges as it seeks to tame volatility it said has unfairly battered the peso.

"In the last months, the peso exchange rate against the U.S. dollar has shown high volatility that is not consistent with the country's economic fundamentals," the commission said in a statement.

The FX commission is made up of top officials from the central bank and the finance ministry.

The commission said the program will not use the central bank's international reserves, suggesting it will be similar to derivatives offered by Brazil's central bank.

The commission said the first auction of the new instruments will be on March 6 for up to $1 billion.

The country's peso has repeatedly fallen to record lows since last year, deepening losses after the election of Donald Trump as U.S. president due to his threats to impose trade barriers on U.S.-bound Mexican goods.

reuters.com

-------------------

a swift 2% advance in the Peso in a few minutes..... how many people were front running that move!

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From: Chip McVickar2/25/2017 11:14:57 PM
2 Recommendations   of 12390
 
To my market friends on these threads ---
Last week in February
First week in March
A window has opened for trend reversal

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To: Chip McVickar who wrote (12379)2/26/2017 9:39:02 AM
From: Woody
   of 12390
 
Thanks Chip, hope all is well with you.

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To: Patrick Slevin who wrote (12349)3/17/2017 10:15:03 AM
From: Gersh Avery
   of 12390
 
There you are!!

Erin Go Bragh! Happy St. Paddy's Day!

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To: Gersh Avery who wrote (12381)3/19/2017 11:43:08 AM
From: Patrick Slevin
1 Recommendation   of 12390
 
Thanks, Gersh,

Same to you buddy...

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To: Woody who wrote (12380)3/26/2017 11:22:03 PM
From: Chip McVickar
   of 12390
 
Just peachie Woody - healthy mostly happy and ready for the next 20 years

might even consider retiring... <smile>

Hope you're doing well too...!!!

Check out my recent post on JPs thread.

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To: Chip McVickar who wrote (12383)3/27/2017 10:16:30 AM
From: Woody
   of 12390
 
Hi Chip, great post on JP’s thread and thanks for your insight as always. Guess I could say life is sweet in the spring … when you’re a beekeeper .. lol.
Woody


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To: Chip McVickar who wrote (12383)3/28/2017 8:49:19 PM
From: Chip McVickar
   of 12390
 
woops a dazie - will try again

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