GBP/USD – We also have a potential double/triple bottom at $1.2000 on the monthly chart. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Out and out war on Mexico’s streets Drug cartel gang attacks security forces

Somehow, on a routine patrol yesterday, Mexican police managed to capture and detain drug lord El Chapo’s son, Ovidio Guzman Lopez. His Sinaloa drug cartel fought back with machine guns on the top of pick-up trucks, peppering the streets of the city of Culiacán with gunshots. Cars, buses and trucks burst into flames as traffic stopped and people fled in a panic, the military deploying myriad vehicles. Nevertheless, the cartel managed to free Guzman Lopez from prison, helping other inmates to escape too.

Data from Japan this morning show that retail price inflation slowed again in September, to an annualised rate of just 0.2 per cent (lowest in 3 years) and 0.3 per cent in the more closely watched CPI ex-fresh food category (lowest since April 2017). Across the sea, Chinese Q3 GDP came in at 6 per cent, down from 6.2 per cent annualised to Q2 2019, and the lowest since this series started in 1992.

Financial Markets and Political Commentary
 

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