How did August seasonal trades fare? At the start of the month, I based on historic patterns. I will have the September trades up shortly. outlined four seasonal trades How did they do? Lets have a look.
Reuters comments from an unnamed senior Trump administration official There’s a lot of weaseling here. The administration still clearly believes Canada will be part of a deal and the text of the notice makes that clear.
A look at some of the numbers for the major stock indices On the day, the US major indices are ending the day mixed with the Nasdaq up 0.26%. The S&P unchanged. The Dow was down. Canada’s S&P/TSX Composite index was a loser today, falling -0.67% after the failure in reaching a NAFTA agreement.
Trump moves toward trade deal The spin is that this is a US-Mexico deal but this is NAFTA 2.0. This whole deadline was a sham. ForexLive
Bad news for Italy It’s not a downgrade but the troubles in Italy are far from over. Fitch said Italy’s fiscal and other risks are compounded by a relatively high degree of political uncertainty. They said downside risks have increased since the last review in March.
Lighthizer contructive There’s a lot of rhetoric about notifications and deals not getting done but no deadlines were broken here and the USTR gave notice to Congress about a deal. Trump’s letter is going to say it’s only US and Mexico but that’s just posturing, Congress can’t even consider it if it’s just the US and…
Commitment of traders report for the week ending Aug 28, 2018 No huge moves but the general theme is US dollar buying, once again. ForexLive
The 1994 movie starring Hugh Grant, “Four Weddings and a Funeral” was a big hit. In 2018 – and this weekend – we seem to be heading toward “Four Divorces and a Funeral” instead.
They’re still talking That’s a good sign. ForexLive
A snapshot of the % changes of the major currencies vs. each other It is getting to the end of the week and the snapshot of the strongest and weakest of the major currencies shows that the CHF is the strongest, while the AUD is the weakest.