This post was originally published on this site. The USDCAD has been trending higher since bottoming on September 8. Over that stretch, the price has climbed from 1.3759 to a fresh monthly high of 1.4224, reached within the last hour of trading. That represents a gain of 465 pips, or approximately 3.38%. Today, however, sellers had an opportunity to interrupt that trend. They had their shot. They missed. The downside break failed to find follow-through During the late Asian-Pacific and early European sessions, the price broke below a rising trendline near 1.4192. The selling then pushed the pair below its...

This post was originally published on this site.Comments from US President Trump on Iran and the Strait of Hormuz: US has almost total control of the Strait of Hormuz. You will see things happening very soon (regarding Iran); there has been historic flows of oil out of Hormuz in the last three days. Analysis: Trump’s message is that the US has control of the situation, with developments on Iran coming soon. However, he offers no specifics on what those developments might be. The comments leave open whether the next step involves negotiations, military action, or arrangements governing passage through the...