East Coast and continues into the late afternoon hours. Barchart Opinions show traders what a variety of popular trading systems are suggesting in terms of going long or short the market. As the ninth-largest oil producer in the world, Mexico is tied to its natural resources for more, read:
Is "United States Dollar / Mexican Peso" Pair a Good Investment?
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Your forecast is headed to your inbox. An error occurred submitting your form. Please try again later. Upcoming Events Economic Event. Forex Economic Calendar A: Click here to dismiss. While the ability to open and close positions at any time marks a key forex benefit, the majority of trading strategies unfold during active periods. As the ninth-largest oil producer in the world, Mexico is tied to its natural resources for more, read: This inter-dependence increases the importance of energy fluctuations as well as data that moves crude oil and natural gas futures markets.
The best times to trade the Mexican peso track the release of economic data as well as open hours at equity, options and futures exchanges. In addition, the peso will often trade in lockstep with other commodity crosses , with energy and natural resource catalysts on the other side of the planet impacting local price action.
Banco de Mexico meets eight times per year to address monetary policy and announce policy updates through press releases. The majority of meetings are scheduled 24 to 72 hours after the U. Federal Reserve issues its decisions, highlighting the inter-dependence between the two nations. Forex traders need to stay alert throughout release-day business hours because the policy update can come at any time. The majority of Mexico's economic data is released at 9: MXN trading schedules roughly follow U.