There are a few reasons today could be a big day The FBI tradition is to not make any politically-sensitive moves 60 days before an election. The US mid-terms are on November 7 and that makes next Friday the unofficial deadline. However, that would be cutting it awfully close and making the move ahead of…
50% and 100 hour MA eyed As London traders head for the exits, the GBPUSD is leaking to the downside. Technically, the price has moved to the test the 100 hour MA and the 50% retracement at 1.29484 and 1.20437.
Nasdaq having best monthly gain since January rush higher. The US stocks are open with mixed results: The NASDAQ indexes having the best August in 18 years and the index is having its best monthly gain since January’s rush higher.
Canada sticks to its red line Canada said it wouldn’t go into a deal without Chapter 19 resolution panels at the outset and it’s evidently not willing to budge.
A new low will be the lowest level since January 2017 The AUDUSD has extended to the downside with the 2018 (and August 14 low) at 0.72018 the next key target. A move below that level will take the pair to the lowest level since January 2017. The next target would be the 0.7144-59 area…
Down on the day. Down on the week The major European stock indices are ending the day (and the week) in the red. For the day: For the week: For the Month: ForexLive
Freeland is meeting with Lighthizer now That they would note that there were no concessions on agriculture doesn’t sound like a great sign. ForexLive
The US isn’t willing to compromise In Trump’s interview with Bloomberg yesterday he was asked about NAFTA but wanted the comments to be off the record. Bloomberg didn’t publish them but the Toronto Star obtained them.
Ford will build domestically Score one for Trump. Maybe that’s a sign that Ford believes/thinks things will get worse before they get better. ForexLive
Lower on the week now. The EURUSD has cracked below the 200 hour MA at the 1.1630 and also a trend line around that level as the London/European session comes to a conclusion. The break sent the price down toward the 1.1600 area and also the lows for the week at 1.1594.