Last year, president Obama visited GE’s 106-year-old Waukesha, Wisconsin plant. At the plant, GE builds large piston engines for power and oilfield use that run on natural gas or methane from landfills. President Obama called the plant “a model for the country.” This week, GE announced that it will move production to Canada. The move…
USDCAD: USDCAD sold off strongly on Wednesday leaving risk of further decline on the cards. With that said, we look for more weakness to occur in the days ahead. On the downside, support lies at the 1.3250 level followed by the 1.3200 level. Further down, support resides at the 1.3150 level and then the 1.3100…
Either, a) BLS payrolls data is entirely ‘made-up’, or b) US jobs are being created in some other regions than the six major Fed surveys. Either way, this chart will strike fear into the heart of Janet Yellen as she ‘hopes” for some cover for her rate-hike… before the whole house of cards collapses… Are we about to…
