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6 Feb 2025

USD/MXN: Short-term price action to remain between 20.12/20.00 and 21.00 – Societe Generale

USD/MXN carved out an interim high near 21.28 earlier this week and re-integrated within its multi-month range; this denotes lack of steady upward momentum, Societe Generale’s FX analysts note.

MACD experiences crisscross moves around its trigger line

“This is also highlighted by the daily MACD, which has turned flattish and has experienced crisscross moves around its trigger line. Short-term price action could remain within a range defined by limits at 20.12/20.00 and 21.00; a break beyond one of these bands is essential to confirm a directional move.”

Feb 6, 2025

CHF: SNB interest rates can turn negative again later this year – Rabobank

The next SNB policy meeting is not scheduled until March 20, Rabobank’s FX analyst Jane Foley notes.

Confirming you are not from the U.S. or the Philippines

USD/MXN: Short-term price action to remain between 20.12/20.00 and 21.00 – Societe Generale

MACD experiences crisscross moves around its trigger line

CHF: SNB interest rates can turn negative again later this year – Rabobank

United Kingdom BoE MPC Vote Rate Unchanged came in at 0, below expectations (1)