It is rare that this Canadian prime minister takes a shot at his neighbor to the south but mild-mannered PM Harper called US deficits “Long-term, structural and dangerous” a short while ago. That’s gonna stick. It has the same rhythm as timely, targeted and temporary and safe, legal and rare, two famous predecessors.
EUR/USD is gravitating toward the 1.3800 level, the neckline of the head and shoulders pattern broken earlier today. The text book tells us to sell the re-test of the breakout for an acceleration to the downside if 1.3800 holds.
