Canadian Dollar suffers heavy selling in first half of US session. There is no apparent trigger for the selloff, yet it’s apparent that it’s pessimism on trade talk with the US. Euro follows as the second weakest while Dollar is the third. These three are on the weaker side the whole day.
On the other hand, Yen and Swiss Franc are the strongest ones, with help from risk aversion.
So far, weakness in DOW and S&P 500 is limited. But NASDAQ does suffer heavy selling. With 7933.31 resistance turned support taken out, NASDAQ is now likely heading back to 55 day EMA at 7810.
Major European indices also ended all in red today. FTSE was down -0.87%, DAX down -0.71% and CAC down -0.31%. WTI crude oil follows other commodities lower and is back at 67.2. It still cannot get a firm grip of 70 handle. Gold hit as high as 1207 earlier today but it’s back below 1200. Gold is not ready to resume the rebound from 1160 yet.
