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MX Central Bank Interest Rate

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Mexico

The interest rate of the Central Bank of Mexico sounds exotic and, as a matter of fact, this release acts so. Monitor the spread during the publication and also look over the margin requirements for USDMXN.

Features of the publication

Exotic trading
High spread growth at the time of trading
High margin requirements of brokers

If the data exceeds the forecast, USDMXN falls and vice versa

As a rule, trading can occur more often here than on other decisions of other central banks. The Bank of Mexico shows a high probability of a divergence of economists’ forecasts, but it is not good time to relax, as an exotic pair requires a cautious approach for its trading.

You might think that the spread is high enough, but try to open a deal on a demo account and you will see that the spread is basically similar to the usual in currency expression. Please note that the pledge requirements may be higher for USDMXN.

 

Monitor the slippage.

History of publications

Date:
15/08/2019
Signal:
Buy 1
Cons:
8.25
Fact:
8.00
Dev:
-0.25
React:
50
Direct:
Up
Pair:
USDMXN

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