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Strategies & Market Trends : Wolfgangrene's charts -- Ignore unavailable to you. Want to Upgrade?


To: Chris_Toronto who wrote (3702)10/17/2017 2:33:42 PM
From: The Ox1 Recommendation

Recommended By
Chris_Toronto

  Respond to of 3976
 
Yes, if NAFTA was cancelled "out of the blue", that would cause a lot of short term upheaval in the markets. I think the countries will renegotiate the terms vs. an extreme move to cancel the agreement outright.

I haven't given much thought to this scenario of a cancellation....not sure how the currencies would react? The Peso has been extremely weak since the Mexico City earthquake, fwiw. Probably close to hitting support if it hasn't done so over the past couple of trading days.

Trump wants to keep weakening the dollar, which supports the US equity markets....so I would guess that down the road, there will be more push/pull as interest rates rise down here. The US markets have been in a very sweet spot over the past year but there should be a lot more cross currents going forward, IMO. Not sure how much more "perfect" the data can be here in the US?



To: Chris_Toronto who wrote (3702)1/10/2018 2:43:38 PM
From: The Ox1 Recommendation

Recommended By
Chris_Toronto

  Respond to of 3976
 
Hmmm....

reuters.com

Exclusive: Canada convinced Trump will soon pull plug on NAFTA - sources

LONDON, Ontario (Reuters) - Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said on Wednesday.
The sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet in late January for the sixth and penultimate round of talks to modernize the treaty.