In This Issue..
* Currency rally holds on to gains...
* Rate hikes begin to add up...
* Trade & Budget Deficit monsters...
* Canada posts a trade surplus!
Good day... And a Happy Friday to one and all! Let's go on record right out of the starters' blocks this morning, and say this will be a Fantastico Friday, eh?
Well... What a rally in the risk assets yesterday! And for once, when the rally fizzled out yesterday afternoon, profits weren't taken in the overnight markets... Instead we saw a consolidation, if you will, of the price gains on Thursday in the overnight markets. That's nice to see, eh? For it had been the pattern of recent times to just sell off any gains, and end up back on square one, or even lower than the starting level. So, like I said, this was very nice to see... I checked the levels last night before I went to bed, and noticed that there had not been any sell off, and thought, what a great Friday it would be tomorrow, if these can hold throughout the night... And they did!...