USD/MXN: rallies hard on NAFTA / Trump policy risks

Ross J Burland FXStreet

Currently, USD/MXN is trading at 19.2335, up 1.97% on the day, having posted a daily high at 19.3070 and low at 18.8534.

White House prepares order on withdrawing from NAFTA - Politico

After the recent news that Trump will pull out of NAFTA the peso has been smashed to the upside extending the correction for the late January sell-off from the 22.03 handle. According to Politico, citing two White House officials, U.S. President Trump's administration is preparing an order on withdrawing from NAFTA.
"The approach appears designed to extract better terms with Canada and Mexico," - Politico

USD/MXN levels

Spot is presently trading at 19.2315, and next resistance can be seen at 19.2845, 19.3210 (Daily Classic R3), 19.4611 (Weekly Classic R3), 19.6284 (Daily 200 SMA) and 20.0672 (Daily 100 SMA). Support below can be found at 19.1875 (Weekly Classic R2), 19.1658 (Daily Classic R2), 19.0291, 19.0141 (Daily Classic R1) and 19.0105.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.