Coffee Prices Soar to 47-Year Highs Amid Market Buzz

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3910-1.4110

Euro                 1.4670-1.4880

Sterling            1.7640-1.7850

WTI Oil (opening level) $69.02

The CAD is opening at 1.4011 ( 0.7137)

I heard an interesting story the other day. Back in 2018 Trump sat down with Trudeau and told him that the USA will come after the most significant part of the Canadian economy in the trade deal they were negotiating to replace NAFTA. Trudeau said right away don't go after the automobile industry. So Trump went straight at the auto industry and got concessions from Canada on way more than they expected in other areas. In the end - after all of the negotiations were done and the deal completed- Trump said ' don't ever tell your opponent your weakness, it gives them too much strength in negotiations !' 

I can't wait for a strong leader in Canada again. It has been 9 years absence.

Key points today 

·    Equities: S&P 500 fell 0.38%, Nasdaq 100 lost 0.85%, while Hong Kong’s HSI gained 2.3% on policy optimism

·    Volatility: VIX remained unchanged at 14.10, amid Thanksgiving holiday calm.

·    Currencies: Dollar sees light selling ahead of Thanksgiving

·    Commodities: Panic buying lifts coffee prices to 47-year highs

·    Fixed Income: U.S. Treasuries rally on solid demand. 

We have the Thanks Giving holiday today in the USA. Enjoy the food, football and Black Friday deals, as the markets in the USA will be closed.