(MNI) London - Reuters reports first public comments from PM Mark Carney following US President Donald Trump's announcement that trade talks with Canada would be "terminated immediately". Carney says, "We can't control the trade policy of the US...We recognise US policy has changed...Canadian officials have been working on negotiations on trade, lots of progress [has been] made" Says Canada, "stands ready to pick up on that progress and build on that progress when the Americans are ready to have those discussions."
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A bull cycle in S&P E-Minis remains intact and the contract traded to a fresh cycle high on Monday. Price has recently breached the 6700.00 handle and this signals scope for an extension towards 6787.63, a Fibonacci projection point. Moving average studies remain in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Initial support to watch lies at 6625.74, the 20-day EMA.