Technical Analysis

Inventory sees a draw in current week The USDCAD spiked higher on the back of headlines on NAFTA saying that a US/Canada deal was unlikely this week.   Today Freeland is back in Washington for meetings.  The dairy tariffs seem to continue to be one of the main sticky points in the negotiations.  The rise sent
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Up 0.6% on the day The GBPUSD is moving to the highest level of the day and in the process is trading at the highest level in 6-weeks (since July 31). Looking at the hourly chart above, the price is moving toward the topside trend line at 1.3158. The 100 day MA  is within sights
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Manafort is cooperating with Mueller It’s not yet clear how much cooperation he will be doing, or what he knows. He’s certainly not getting a sweetheart deal. He’s already been found guilty to counts that will lead to several years in jail and with this plea he will get more jailtime and has agreed to
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Lows from August/September eyed The USDCHF is back down retesting the earlier NY session lows at 0.96575. The earlier low stalled ahead of the end of August/September 7th lows at 0.8651 and 0.96407.  A move below those lows would look toward the 50% and lower trend line on the daily chart below at the 0.96267
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