Lawrence's Comment
Recap
ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low.
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Lawrence's Comment
Recap
A dramatic week. Failed to push above Y-0 and flushed through Y-1 quickly. Y-2 acted as support temporarily and then flushed down to new low above Y-3. ...
USDCAD Dec 12 to Dec 16 Outlook
Lawrence’s Comment
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over the coming 2 weeks as major players winding down before the holidays.
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