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
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Back on November 2nd, I did a Slope Plus post called Shorting the Continent, in which I suggested shorting the euro. You can see what’s happened since then:
The referendum in Italy, it appears, has lost, which is causing some nasty slippage as I type this on Sunday afternoon:
I had thought – – erroneously, it seems – – that we might get a bit of a bounce before continuing the slide to parity that I predicted. The bounce had an awfully short lifespan. Let’s just say 2017 is going to be very, very interesting on the world financial stage.
Trump confirms 25% tariffs on Mexico, Canada, and a fresh 10% on China GBP/USD struggles as risk-off flows boost the U.S. dollar Core PCE inflation data in focus amid U.S. growth...
The Canadian dollar is calm in the European session, trading at 1.4438, up 0.02% on the day. Later today, Canada releases GDP and the US publishes the Core PCE Price...
USD/CAD recoups drop below EMAs as March tariffs become reality Technical indicators suggest quick rebound is fragile; focus on 1.4470 USD/CAD made a strong comeback just when...
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