Turkey time

Things will keep moving in the early hours of US trading but will stall out once Europe closes, unless you’re trading CAD/BRL.

Canada is fully open today and Canadian September retail sales will be released at the bottom of the hour. USD/CAD is struggling to break through support at 0.9953.

Author: Adam Button

Adam Button is the managing editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

4 Comments

  1. Thanks Adam.

    What do you think- support will break?

  2. Depends on the numbers

  3. and it hasn’t!

  4. A classic bit of humour (from http://www.traderdannorcini.blogspot.com.au/2012/11/a-little-humor.html):
    Over five thousand years ago, Moses said to the children of Israel ,
    “Pick up your shovels, mount your asses and camels, and I will lead
    you to the Promised Land.”

    Nearly 75 years ago, (when Welfare was introduced) Roosevelt said,
    “Lay down your shovels, sit on your asses, and light up a Camel, this
    is the Promised Land.”

    Today, Congress has stolen your shovel, taxed your asses, raised the price of Camels and mortgaged the Promised Land!

    I was so depressed last night thinking about Health Care Plans, the
    economy, the wars, lost jobs, savings, Social Security, retirement
    funds, etc …. I called a Suicide Hotline.

    I had to press 1 for English.

    I was connected to a call center in Pakistan . I told them I was suicidal.

    They got excited and asked if I could drive a truck……

    Folks, we’re screwed!

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