Market Analysis
GBP/USD midweek: cable holding 1.3390 as traders remain split, 2026-06-08
Sterling trades up 59 pips from Monday's open at 1.3394, with positioning near perfectly balanced at Wednesday's close.
2 min leesUSD/MXN closed Wednesday's session at 17.4310, down 33 pips from Monday's open at 17.4642. The pair has ranged between 17.3713 and 17.4950 through the first three days, with price now testing the lower bound of this week's trading zone.
The peso has gained ground against the dollar as broader dollar weakness takes hold. Risk sentiment has shifted through the week, with Tuesday's tech sector reversal highlighted in market headlines contributing to the dollar's softer tone across emerging market pairs.
With no high-impact Mexican or US data scheduled for Thursday and Friday, USD/MXN will likely track broader dollar sentiment and risk appetite. If global equities extend Tuesday's tech sector weakness, the peso could come under renewed pressure and push the pair back toward 17.48. Conversely, stable risk sentiment could see further peso gains toward the 17.37 support.
Current positioning shows 62% of traders are long USD/MXN while 38% hold short positions. This dollar-long skew suggests many traders are betting on peso weakness, leaving room for further downside if these positions unwind into the week's close.
The 17.43 handle is the pivot point right now, sitting just above Tuesday's low at 17.3713. If price holds this level through Thursday's session, the recent high at 17.4950 comes back into view. A break below 17.43 opens the door to test 17.37, which would mark the lowest print in two weeks. Trade USD/MXN with LHFX's tight spreads and fast execution.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
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RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.