McGahn has been in the headlines There have been a couple big stories about McGahn lately. The first is that he was cooperating extensively with the Mueller probe and may have implicated Trump (NYT)
Break lower yesterday is having some second thoughts As the talks in Washington continue today and hopes for a true NAFTA deal with Canada, US and Mexico are on the positive side, the USDCAD has seen some up and down volatility today after the move lower over the last few days.
Weekly oil inventories WTI crude hit the highs of the day at $69.55 on the headlines but backed off to $69.30 afterwards. Here was the API data from yesterday:
Big move in the pound At a briefing in Berlin, EU negotiator Michel Barnier dropped a massive piece of news, saying they are prepared to offer a partnership with Britain such as has never been with an other third country.
Shoots up on the Brexit comments The GBPUSD shot higher on the Barnier comments. Technically,the pair moved above the highs from last and this week at 1.2931-35 area. That is now risk for the longs (and a dip level to buy against).
US July pending home sales ForexLive
Bullish for GBP – We are prepared to offer a partnership with Britain such as has never been with any other country This could be a game-changer. It sounds like the EU wants a deal and it sounds like it might not be that harsh for the UK. Obviously I’m reading a lot into the headline…
What to look for when markets turn We are undoubtedly in the bull-iest of bull runs, which has made market watchers declare: Bully! The problem is that this bull seems to be running through a tech stock china shop. In the past few months we have Facebook take a significant dive after the Cambridge Analytica…
All JPY pairs running The USDJPY is racing higher with the pair moving above a swing area at 111.39-54 (see yellow area on the daily chart below).
38.2% retracement the next hurdle Yesterday the USDCHF price cracked below it’s 200 day MA but could not muster must momentum. Today, the price is cracking again at 0.97481 and there is more momentum this time. The price has moved to 0.9734 so far and approaches the 38.2% at 0.97306. A move below that level…