Monday, September 16, 2013

AUD / CAD UPDATE: MONDAY 16/09/13. 06:21HRS

AUD / CAD:

The market has rallied on the back of Summers withdrawal from the The Fed Chairmanship race.

Summers withdraws from Fed race
Lawrence Summers has taken himself out of the running to be the next chairman, withdrawing after opposition from key Democratic senators indicated they would oppose his nomination

I have been stopped on this position.

Chart below:



I will update again when the next strategy trade has been identified.

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