Canadian Dollar Vulnerable

November 14, 2001
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

The December Canadian Dollar
(
CDZ1 |
Quote |
Chart |
News |
PowerRating) appears
to be stalling out in a pullback from lows. This action suggests that its
longer-term downtrend remains intact.

Looking Ahead

February live cattle
(
LCG2 |
Quote |
Chart |
News |
PowerRating) have begun to
pullback from lows. Watch for a resumption of its downtrend over the next few
days.