The PPI came out and there is not much reaction. The GBP/USD is getting killed this morning - below the 2.00 level for the first time in 3 months. The COT report is showing to me a possible turn in the USD/CAD. I would hope for one more shot at the 1.04 area to get long.
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The stock indexes are in no mans land and volume was slow yesterday compared to the recent 3 weeks. A lot of traders complained of the volume levels but we are just back to the level they were in early July.
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I am not excited about anything I see this morning.
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