A Technical Stopping Point for Risk-Takers

There’s one important chart I wanted to show you today. I’ll get to that in a minute.

News wise, though, there’s nothing too exciting to talk about this morning; prices are little changed from where they finished yesterday ... and the day before that.

There is little on the data front – Canada reports retail sales numbers this morning. They’re expected to come in positive. It would seem that in-line or better-than-expected numbers would be USDCAD negative ... driving the Canadian dollar higher versus the buck. But how much of an impact could this have if risk isn’t cooperating?