Bank of Canada Investment returns were $922 million in the latest report, not bad. Zero gold holdings (apparently not on the side of doom and gloom). Canada monetary reserves rose to $122.76B. Not bad. I am not of the mind that a rate reduction here is due to performance issues.
This was a typical example how the market can hunt for the stops – it just went a bit below the support line ( for about 5 pips ) and strongly went back up – never closed the bar below that trend line.
Now we have 1.08900 to look at ( and 1.09000 after that )
Zero immediate effect from ADP on Nasdaq futures. I am having difficulty justifying the thought of oil going lower/sustaining value below $72. Also see no evidence saying stocks are done in the broader picture, only indications it could be.
