The Steelers are very likely to go to 7-6 tonight against the lowly Brownies (thanks Myron Cope) and snow is in the forecast for the Wasatch range. BUT that doesn’t help the volatility over the past few days.
Pretty quiet, BUT we have retail sales (snails) tomorrow and maybe it can be an outlier (miss analyst expectations) and give us some movement prior to the close. Keep in mind Friday’s can be a “1/2 day” in the markets and if the number is a dud, no one is going to hang around trading when there is “holiday fever” and honey-do’s to do before the in-laws come in!
Most of the majors were in tight ranges and didn’t provide much, but there were two DOUBLE FALL LINE TRADES:
- The USD/CAD
- The USD/CHF
Let's hope for one or two good trades before the weekend and the 16″ of Utah powder they are calling for!
I will be posting an early morning market commentary and a mid-day forex update so until tomorrow:
Happy Trading and Be Environmentally Cool!
Brian
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