INSUBCONTINENT EXCLUSIVE:
spread between the parallel and official rates remained close to 13%, a level that has shown little movement over the last several days
This modest, steady premium highlights a market waiting for change, not fearing a sudden shock.Official statements revealed that, overnight,
market volumes in peso-dollar trading stayed close to their month averages
Central bank interventions kept volatility in check without aiming for a sharp realignment of the official rate.Yesterday, futures and spot
The latest data marked eight months of continued real growth, though with some slowdown in recent sectors
(Photo Internet reproduction)The government continues to focus on reducing public spending and maintaining external payments, while
exporters bring in fresh foreign exchange
Technical analysis, based solely on official charts, supports the fundamental picture.The 4-hour and daily charts show the dollar-peso rate
remains locked in a gradual uptrend
Key moving averages slope upward, with the price trading above the 50-, 100-, and 200-period lines.Bollinger Bands on both charts widen,
indicating healthy volatility supports this trend, as the price stays closer to the upper band
Momentum indicators such as the MACD and RSI present a controlled, bullish stance.The MACD stays positive on both charts, though the
fluctuates between 58 and 67, signaling neither panic nor overbought exhaustion
ETF trading volumes, noted from official custodians, trended down in recent days.This reduction signals international investors have not
withdrawn outright, but also have not added fresh flows
equilibrium.Today, the story behind the figures is not drama, but steady patience
Market players remain alert for both positive and negative surprises, but official data and technical trends show a peso market neither
racing toward crisis nor ready to rally.The narrow, persistent blue dollar spread signals a marketplace anchored in observation, waiting for
the next move from either policymakers or the global scene.
