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Bad news for emerging markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: Canada votes today for a new PM—Harper again or back to Trudeau? (Egypt votes, too.) It’s not likely the election outcome will affect the CAD. Something that could affect FX is the Treasury rejecting the idea of delayed payments instead of Congress raising the debt limit by Nov 3. The idea is to fund the government off cash flow, with bondholders and Social Security getting paid first and everybody else—air traffic controllers, the FBI, et al., getting paid when the tax receipts come

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