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Mnuchin talking down the USD - USD/CAD firmly stuck at bottom of heatmap as potential double bottom on the daily chart never materialised. This pair has been heavily oversold since the beginning of the year, and despite an attempt to rally, chronic USD weakness has kept it anchored to the floor of our heatmap. Break of 1.2354 in today's trading does not bode well, but we need to watch the volume as we move into US open & at the end of today's session given the candle that is currently forming to see if this move has some 'legs'. ... See MoreSee Less

Mnuchin talking down the USD - USD/CAD firmly stuck at bottom of heatmap as potential double bottom on the daily chart never materialised. This pair has been heavily oversold since the beginning of the year, and despite an attempt to rally, chronic USD weakness has kept it anchored to the floor of our heatmap. Break of 1.2354 in todays trading does not bode well, but we need to watch the volume as we move into US open & at the end of todays session given the candle that is currently forming to see if this move has some legs.

Stocks

Thank you ALL - what can I say - huge thanks to everyone for making this book a best seller so quickly - very touched and humbled ow.ly/A0L130hRSyD ... See MoreSee Less

Thank you ALL - what can I say - huge thanks to everyone for making this book a best seller so quickly - very touched and humbled http://ow.ly/A0L130hRSyD

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Commodities

Quantum Trading

After last week's market gyrations no surprise to see heavy selling in JPY pairs which will start moving higher once fear has died down. Heatmap reveals current ranking with the commodity crosses the most bearish. ... See MoreSee Less

After last weeks market gyrations no surprise to see heavy selling in JPY pairs which will start moving higher once fear has died down. Heatmap reveals current ranking with the commodity crosses the most bearish.

It's taken NFP for the USD to find its feet. Our currency strength indicator highlights the extent to which USD (red line) has been oversold on the daily chart & we may now see a half decent bounce. ... See MoreSee Less

Its taken NFP for the USD to find its feet. Our currency strength indicator highlights the extent to which USD (red line) has been oversold on the daily chart & we may now see a half decent bounce.

USD/CAD is perfect example of the time a market or instrument can stay over extended (we only have to think of the indices!). I've been highlighting this pair since first week of Jan, and despite a feeble attempt to rise on what seemed like a double bottom on the daily chart - chronic USD weakness has kept this pair firmly anchored at the bottom of the heatmap.

But, as we know, nothing stays over extended forever, and the opportunity for a reversal will come along. USD also been talked down in Davos by Mnuchin. ... See MoreSee Less

USD/CAD is perfect example of the time a market or instrument can stay over extended (we only have to think of the indices!). Ive been highlighting this pair since first week of Jan, and despite a feeble attempt to rise on what seemed like a double bottom on the daily chart - chronic USD weakness has kept this pair firmly anchored at the bottom of the heatmap. 

But, as we know, nothing stays over extended forever, and the opportunity for a reversal will come along. USD also been talked down in Davos by Mnuchin.

Thank you ALL - what can I say - huge thanks to everyone for making this book a best seller so quickly - very touched and humbled ow.ly/A0L130hRSyD ... See MoreSee Less

Thank you ALL - what can I say - huge thanks to everyone for making this book a best seller so quickly - very touched and humbled http://ow.ly/A0L130hRSyD

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