NAFTA Negotiations Ongoing But Not Dead

Talks between the U.S., Canada and Mexico on revamping the North American Free Trade Agreement are continuing but it appears unlikely there’s enough time for the U.S. Congress to vote on a deal before the end of the year, analysts say.“I don’t think they’re going to get a text to Congress at all within the next weeks or even months,” said Laura Dawson, director of the Canada Institute at the Wilson Center in Washington.On Thursday, U.S. Trade Representative Robert Lighthizer said the three nations are “nowhere near close to a deal” and cited major differences on issues ranging from intellectual property to labor rules. He said negotiations would continue. Friday, White House National Economic Council Director Larry Kudlow told reporters “some areas have come together and some have not.” He added, “It’s not dead.”

Source: Here’s what is next for Nafta as U.S., Canada and Mexico fail to strike deal – MarketWatch

EUR/USD – Euro Edges Lower, German Markets Closed for Holiday

A Test of the Breakouts

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam