We’ve lost the U.S Government…. [Video]
|oh, nevermind we got it back again!
The government shut down over the weekend was really not a big deal, but as everything goes with the media, it was the only big thing worthwhile to report.
The fact is that no one really cares and the market continues to function on its own.
Ever since the populist movement, Brexit, Trump, Italian parliament, Catalonia, etc., it is now a global trend to witness some sort of chaos from the authoritative institutions. The result? People have become more and more familiar with these events and less reactive.
The main topic for the economy is still the same; many central banks are waiting for further signs of recovery to taper and stop their quantitative easing program - in fact, we will see the ECB this Thursday to deliver its stance for the market.
Be aware of the tendency that market usually gets too excited over itself, and you might see a significant reversal in EUR/USD.
Other than that, NAFTA is another big event this month that will end up either boosting CAD to the new high or tank it to a new low.
We’re still and only at the first month of 2018, but things are getting more and more excited.
Please watch today’s video to learn more.
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