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USMCA Signing 29 Jan 2020 Market update

Jan 29, 2020
 

Today's market focus shifts to the signing of the USMCA (United States–Mexico–Canada Agreement), the market just wouldnt be allowed to tank on a day like this.

We did have a huge drop near the open to cover the gap, and found support at Q OP that we have specifically highlighted this week to be the market fulcrum.

We have Fed Decision soon but expectation is for rates to be held steady.

Eventually, the focus will soon shift back to the Corona Virus. We already know that it is more contagious than sars, less deadly - and has all the potential to have a Sars like effect on the economy - given what we have seen in China.

Here is the Key.

Has containment worked? Will this be contained within China?

This is a dynamic situation that can change very quickly.

Watch the Heat Map

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