<strong> </strong>
<ol>
 	<li><strong> INTRODUCTION:</strong></li>
</ol>
Holy crap that was some ending to a tame week last week. I am not drinking at the moment so when I saw the cable moves last Thursday evening (EST) in Asia, I knew that it wasn't the Jack Daniels screwing with my vision. I think we call that a FLUSH OUT. It was <strong><u>NOT</u></strong> a CAPITULATION move as I will explain later in this blog. I have been reading up on definitions from some of the trade books in my possession.

During last week, my trades from the previous week started to come good and I added to those trades further trades that also behaved well, so the small loss in pips that I recorded for the month of September was well and truly put behind me and the October start is excellent so far this month with a net 970 fresh /new profitable pips being added. This not only pleases me, but it should hopefully please my PREMIUM SERVICE subscribers as well, as my annual 10,000 pip objective is very close to being achieved already. This year the total is at 9,955 pips.

Like a good puppy I behaved well and closed out a lot of trades, mainly those USD related FLASH, RADAR and FUNDAMENTAL trades ahead of NFP. I banked great $$$ with a GBP/USD short and a EUR/GBP long…if only.

I have heard from several subscribers since the cable crash and to date only one suffered a loss who took a EUR/GBP short at 0.8840 against this highs of the day. Unfortunately, with slippage that was a 280 pip loss…ouch!! The other subscribers all made money either on their own GBP/USD short or not stopping out at the same time as me with my trade to let it ride lower. Profits between 200 and 800 pips were taken; I love that!!

Onwards and upwards…

Just a quick reminder; each month, I am giving away a FREE PREMIUM SERVICE 4-week subscription. This gives the winner 100% access to the PREMIUM SERVICE website and ALL my PREMIUM SERVICE communications from my suggested trade set-ups to market commentaries and my thoughts.

To stand a chance of being the next subscription winner, you need to subscribe to receive this free blog via my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a><strong>  </strong>

You are automatically entered into a free monthly draw, once you’ve subscribed. Each month one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE.

<strong> </strong>
<ol start="2">
 	<li><strong> THE PREMIUM SERVICE:</strong></li>
</ol>
<u>WHAT IS THE PREMIUM SERVICE:</u>

The PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.

Full details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.

Additional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a credit card.

<u>PREMIUM SERVICE SUBSCRIPTION COSTS:</u>

Details of features and benefits of a PREMIUM SERVICE subscription can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> under the dropdown tab at the top of the page entitled HISTORY &amp; PERFORMANCE OF THE PREMIUM SERVICE. To subscribe follow the SUBSCRIBE HERE tab.

PREMIUM SERVICE subscription costs are as follows: -

CAD$240.00 - 4 weeks (1 month)
CAD$500.00 - 10 weeks (3 months)
CAD$750.00 - 20 weeks (6 months)
CAD$1,250.00 - 40 weeks (12 months)
<u>PLUS</u>: Existing PLATINUM MEMBERS (annual subscribers) can re-subscribe for a further 12 months for CAD$1,000.00

I work for about 50 weeks a year. Subscriptions are based on 40 published blogs of the WEEKLY FX DRIVE THRU per year. For the remaining 10 weeks, I am around tweeting, posting and managing existing LIVE trades, although my market activity is reduced.

<u>PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u>

NET PIPS SEPTEMBER 2016:     +970 pips
NET PIPS 2016 TO DATE:              +9,995 pips

NET PIPS 2015:       +10,686 pips
NET PIPS 2014:       +11,209 pips

If you want more data or detail about the performance and the tabs on my website landing page do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.

<strong> </strong>
<ol start="3">
 	<li><strong> THE FX MARKET PLACE:</strong></li>
</ol>
<strong>LAST WEEK’S NEWS – MY THOUGHTS:</strong>

THE CABLE CRASH:

There is only one item from last week that I want to talk about and that is the CABLE CRASH in Asian Trading (for me) Thursday evening 6<sup>th</sup> October 2016.

Before getting into the nuts and bolts of CABLE. For PREMIUM SERVICE subscribers in your exclusive section of the blog (Section 5), I will be reviewing all the GBP related charts with a where am I going from here approach.

Firstly, several emails have been received asking me or advising me that what we witnessed was a CAPITULATION move. I disagree.

Yes, we saw a cascade lower. But, in my opinion, the move occurred in Asian Trading, which, let’s face it, is very thin even at the best of times. A CAPITULATION move in my opinion is when the market is fully liquid and basically traders say “FUCK IT” get me out of here I have had enough “I WANT OUT… GET ME OUT”. The market sells off cascades like crazy, hits what can only be best described as a brick wall and then reverses the pants off the initial move. This second stage did not happen, yes we saw a reversal but it wasn't explosive.

In my opinion last Thursday was a FLUSH OUT in thin trading.

In my opinion, this also means that all the levels of support previously looked at are basically off the table as they were destroyed and we are now in a reset mode for a few sessions.

What I did notice last Thursday was in speaking with subscribers and examining my own brokers, the lower levels achieved from the spike lows with the GBP pairs varied considerably from broker to broker.

Below I include 4 photos from some of the brokers that I trade with just to show the spike low differences with the GBP/USD that I was noticing.

BROKER A – spike low was 1.1020.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-A-08102016.png"><img class="aligncenter size-large wp-image-8431" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-A-08102016-1024x778.png" alt="broker-a-08102016" width="1024" height="778" /></a>

BROKER B – spike low was 1.1410.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-B-08102016.png"><img class="aligncenter size-large wp-image-8432" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-B-08102016-1024x786.png" alt="broker-b-08102016" width="1024" height="786" /></a>

BROKER C – spike low was 1.1890.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-C-08102016.png"><img class="aligncenter size-large wp-image-8433" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-C-08102016-1024x915.png" alt="broker-c-08102016" width="1024" height="915" /></a>

BROKER D – spike low was 1.1937.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-D-08102016.png"><img class="aligncenter size-large wp-image-8434" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BROKER-D-08102016-1024x778.png" alt="broker-d-08102016" width="1024" height="778" /></a>

&nbsp;

Let me just say, the differences in spike lows look dramatic from broker to broker. However, this in itself does not because of the situation the brokers were facing, make one broker a bad broker and another one a good one. In my opinion, at all times accessibility to the brokers platform to trade, is more important.

The feedback from my subscribers was: -
<ol>
 	<li>FXCM was blocked again (same as after the CHF PEG removal). This is painful and I have experienced this first hand on the PEG removal and I suffered a big loss.</li>
 	<li>Slippage was an issue on stops… quelle surprise.</li>
 	<li>Short trades were maybe not covered as close to the lows as perhaps they should have been.</li>
 	<li>Following the “CABLE CRASH” spreads remained wider than usual for hours.</li>
</ol>
&nbsp;

Nothing new on any of this. It is standard stuff. The FXCM lock out frankly amazes me and I wonder will any brokers, given the fact that the GBP was so heavily biased short, be under pressure. Will we have victims like we did after the CHF PEG removal?

So what caused the crash in cable?

Many reports state the drop coincided with a press release from French Prime Minister Hollande sating that the UK should get zero leeway in BREXIT negotiations. Who knows for sure what caused the move.

It could have been a combination of Hollande, thin trading and algorithmic trading pushing stops.

So, all the stuff about, Non-Farm Payrolls, Deutsche Bank and the U.S. Presidential election, plus the hard line approach in front party members at the Conservative Party Conference taken by UK Prime Minister Theresa May really faded into the background. All of these topics will return though.

<strong> </strong>
<ol start="4">
 	<li><strong> MARKET OPINION:</strong></li>
</ol>
<strong>(</strong><strong>FORWARDS, BACKWARDS and SIDEWAYS) </strong><strong>WHAT IS FLOATING MY BOAT AT THE MOMENT:</strong>

&nbsp;
<p style="text-align: center;"><strong>IS CANADA THE NEXT DOMINO?</strong></p>

Most people will be writing about the UK and the GBP over this weekend. To be contrarian, I have decided to look at Canada.

I think that it would be correct to say for several months off and on, I have been talking about rate cuts by the BOC and the housing bubble that exists in Canada. Within the last 7 days the Canadian government finally took action.

In my opinion, and this has NOT changed for most of this year, bubbling under the Canadian economic picture is a great deal of uncertainty and pressure that frankly I do not believe that the economy can cope with moving forward without a great deal of fiscal and monetary policy initiatives.

Let me just pick something out that happened last Friday to elaborate my point about everything not being good, despite what appears on the surface.
<ul>
 	<li>U.S. Non-Farm Payrolls = 156,000. The forecast was for 171,000.</li>
 	<li>Canadian Job Numbers = 67,200. The forecast was for 8,500.
(Weaker U.S. numbers and very strong Canadian numbers)</li>
</ul>
The upshot of this is that one would have expected the Canadian dollar to strengthen considerably. Oil remained elevated as well so all the smart money one would have thought was behind the USD/CAD staying towards the lower end of its daily range (1.3180 to 1.3314). The facts were though the CAD was weak and rejected all the data…. why?

Firstly, the housing bubble is ready to burst and the markets are expecting this to happen.

The BOC under the leadership of “ostrich impressionist” Stephen Poloz has probably been praying like crazy all year that factors would turn his way. He really wanted house prices to stabilize in Vancouver and Toronto. This has not happened, in fact throughout the year prices spiraled. Oil has leveled out at $50.00 and looks to be heading lower again. The oil sands fire in Alberta has had a deeper effect on the economy than first thought, or hoped for.

So there are headwinds in my opinion for the CAD.

We have to look at the fact that the FED is about to raise rates and the Canadian economy is more than likely going to move in the opposite direction (I think that the BOC will cut). The net effect of this is more pressure on the CAD and it should weaken even more.

Two notable difference between the Canadian housing market and the US housing market are as follows: -
<ol>
 	<li>The US housing market is securitized / Canada is not. This means that fixing a crisis will not be a fast as the US managed in 2007 through 2009.</li>
 	<li>Should the bubble burst. Canadian Mortgages are non-recourse. Therefore, unlike the US homeowners won’t be able just walk away like some US homeowners did when the value of their property fell dramatically below the market value.</li>
</ol>
Last week, Bill Morneau, the Canadian Finance Minister unveiled new initiatives aimed at tightening access to mortgage insurance for commercial banks and he closed a tax loophole for homes purchased by non-Canadian residents.

The last time that the Canadian government acted on housing was in 2008 when they tried to slow down price increments.

Basically, since 2008 the Canadian economy has absorbed years of price rises spurred by a Condo boom and low borrowing costs and ease of conditions to buy. To the 31<sup>st</sup> August 2016 the national figure for home prices rose by 15% from a year earlier. However, in the same period, Vancouver rose by 31% and Toronto 17%.

The government has made several structural changes to tax code and eligibility for mortgages that take effect at the end of next month.

The bottom line is… “Is too little too late?”.

The Vancouver market is already pulling back and this is going to hit hard when the full effect of a bubble hits

I have read that some bank analysts believe that by the middle of 2017, Canada’s interest rates will be at zero with negative interest rates possibly in place. Could this happen to sleepy Canada?

Dead right it could. The Canadian approach is very “laid back conservative” and coupled with the BOC prepared to be behind the economic curve it means that only reactive actions are forthcoming

Traders are expecting the worst. The housing bubble is when not if. USD/CAD exchange rates of 1.6000 and 1.7000 are bandied about. Currently we are just above 1.3000.

So my title IS CANADA THE NEXT DOMINO, refers to where the next economic geopolitical event is probably going hit.

The domino effect from economy to economy is still happening; I wrote about this over two years ago. Doing nothing is NOT an option and hoping that problems will go away is not a policy, just look at the EUROZONE.

The Next BOC meetings are on October 19<sup>th</sup> and then the final one this year is on December 7<sup>th</sup>, chances are something will be announced that supports the economy.

An actual housing bubble and continued rumours of a bubble happening will have a devastating effect on consumer confidence and retail sales creating a negative for the economy. The big question is, will the BOC remain behind the curve? Only time will answer this question but the markets being future pricing mechanisms seem to have already started to make up their minds.

<strong> </strong>
<ol start="5">
 	<li><strong> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT AREA:</strong></li>
</ol>
TRADING REVIEW

Almost 1,000 pips this month so far so I am happy puppy.

Looking forward, I think that there are still thousands of pips left in GBP related pairs. I am writing this blog late Friday (October 7<sup>th</sup> 2016), but Monday morning (Thanksgiving Day) I expect that the GBP/USD will either be trading around 1.2200 or back through to 1.2600 after the weekends UK press has had its say.

Last week I mentioned to you via Twitter and email that I wanted to get into some JPY trades. They will take a back seat for a few sessions as I want to re-focus on the GBP given the crash last week.

Below you will see that I have added charts for the GBP pairs with my comments contained on them. In the coming sessions I am looking to get as many of these set-ups in place.

The first chart though is the monthly GBP/USD from the fall following the famous Mervyn King damming inflation report in 2007. After this chart I have looked at shorter time-framed charts for my analysis.

The one thing to bear in mind when you look at all of these charts is that they show a hell of a pullback from the “CRASH SPIKES” and whilst these have to be noted they are not to be taken as read that we are looking at traditional HAMMER / SHOOTING STAR candlesticks.

As you know my approach will always be a cautious one. Monday this week is “Thanksgiving” in Canada and the Columbus day holiday in the US and A. Therefore, there will be no markets at all. I will take a look on Monday, but it will probably be Tuesday in the European session next week that the GBP set ups come through…but who knows!

GBP/USD (Monthly Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPUSD-MONTHLY-POST-CRASH-08102016.png"><img class="aligncenter size-large wp-image-8444" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPUSD-MONTHLY-POST-CRASH-08102016-1024x476.png" alt="gbpusd-monthly-post-crash-08102016" width="1024" height="476" /></a>

&nbsp;

GBP/USD (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPUSD-DAILY-CHART-PREM-SERV-ONLY-08102016.png"><img class="aligncenter size-large wp-image-8443" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPUSD-DAILY-CHART-PREM-SERV-ONLY-08102016-1024x476.png" alt="gbpusd-daily-chart-prem-serv-only-08102016" width="1024" height="476" /></a>

&nbsp;

EUR/GBP (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/EURGBP-DAILY-PREM-SERV-08102016.png"><img class="aligncenter size-large wp-image-8437" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/EURGBP-DAILY-PREM-SERV-08102016-1024x476.png" alt="eurgbp-daily-prem-serv-08102016" width="1024" height="476" /></a>

&nbsp;

GBP/CHF (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPCHF-DAILY-PREM-SERV-08102016.png"><img class="aligncenter size-large wp-image-8440" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPCHF-DAILY-PREM-SERV-08102016-1024x476.png" alt="gbpchf-daily-prem-serv-08102016" width="1024" height="476" /></a>

&nbsp;

GBP/AUD (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPAUD-DAILY-PREM-SERV-08102016.png"><img class="aligncenter size-large wp-image-8438" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPAUD-DAILY-PREM-SERV-08102016-1024x476.png" alt="gbpaud-daily-prem-serv-08102016" width="1024" height="476" /></a>

&nbsp;

GBP/CAD (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPCAD-DAILY-PREM-SERV-08102016.png"><img class="aligncenter size-large wp-image-8439" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPCAD-DAILY-PREM-SERV-08102016-1024x476.png" alt="gbpcad-daily-prem-serv-08102016" width="1024" height="476" /></a>

&nbsp;

GBP/NZD (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPNZD-DAILY-PREM-SERV-08102016.png"><img class="aligncenter size-large wp-image-8442" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPNZD-DAILY-PREM-SERV-08102016-1024x476.png" alt="gbpnzd-daily-prem-serv-08102016" width="1024" height="476" /></a>

GBP/JPY (Daily Chart)

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPJPY-DAILY-PREM-SERV-08102016.png"><img class="aligncenter size-large wp-image-8441" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPJPY-DAILY-PREM-SERV-08102016-1024x476.png" alt="gbpjpy-daily-prem-serv-08102016" width="1024" height="476" /></a>

&nbsp;

Picking entries for these GBP related pairs could be a little hit and miss and stops will be wide. However, I am reminded of the quote;

“If you aim at nothing, you will hit it every time”

&nbsp;

POSITION SIZING:

As you know, into the BREXIT vote and over the summer I pulled back with my POSITION SIZING for trades.

From October 1<sup>st</sup>, I decided to move back with larger POSITION SIZING and below there is the new chart that I am working to. I am not yet back at 100% and frankly I do not see that situation arising this year, but I wanted to advise you what I was doing now.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/RISK-POSITION-SIZING-08102016.png"><img class="aligncenter size-large wp-image-8430" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/RISK-POSITION-SIZING-08102016-1024x653.png" alt="risk-position-sizing-08102016" width="1024" height="653" /></a>

&nbsp;

&nbsp;

&nbsp;

DATES FOR THE “DRIVE THRU” BLOG 2017:

I have had to amend the dates for the blog next year. Unless a complete change of plan emerges, the blog will be issued on the dates contained on the chart.

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BLOG-DATES-2017-08102016.png"><img class="aligncenter size-large wp-image-8429" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/BLOG-DATES-2017-08102016-624x1024.png" alt="blog-dates-2017-08102016" width="624" height="1024" /></a>

&nbsp;

The weeks denoted N/A in RED are weeks when I will NOT be trading. I have amended subscriptions where required to reflect these changes and over the next few days those of you affected will receive an email detailing your new expiration date for your PREMIUM SERVICE subscription.

<strong> </strong>

<strong>TRADES REVIEW:</strong>

The excel spreadsheets below details current LIVE and pending LIMIT ORDER trades: -

<strong> <a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/LIVE-TRADES-08102016.png"><img class="aligncenter size-large wp-image-8436" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/LIVE-TRADES-08102016-772x1024.png" alt="live-trades-08102016" width="772" height="1024" /></a></strong>

<strong> </strong>

<strong> <a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/LIMIT-ORDERS-08102016.png"><img class="aligncenter size-large wp-image-8435" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/LIMIT-ORDERS-08102016-720x1024.png" alt="limit-orders-08102016" width="720" height="1024" /></a></strong>

<strong> </strong><strong> </strong>
<ol start="6">
 	<li><strong> ON THE HORIZON… WHATS COMING UP THIS WEEK:</strong></li>
</ol>
<u>THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>

(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href="http://www.forexfactory.com">www.forexfactory.com</a> and <a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).

SUNDAY: N/A.

MONDAY: N/A.

TUESDAY: N/A.

WEDNESDAY: USD – FOMC Meeting Minutes.

THURSDAY: N/A.

FRIDAY: USD – Core Retail Sales, PPi, Consumer Sentiment and Janet Yellen .

&nbsp;

<u>THE USD MAJORS – MY THOUGHTS (A REVIEW): </u>

(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)

My comments are contained on the charts.

&nbsp;

EUR/USD - Weekly Closing Price: 1.1194

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/EURUSD-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8445" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/EURUSD-DAILY-08102016-1024x476.png" alt="eurusd-daily-08102016" width="1024" height="476" /></a>

GBP/USD - Weekly Closing Price: 1.2434

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPUSD-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8446" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/GBPUSD-DAILY-08102016-1024x476.png" alt="gbpusd-daily-08102016" width="1024" height="476" /></a>

AUD/USD - Weekly Closing Price: 0.7583

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/AUDUSD-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8451" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/AUDUSD-DAILY-08102016-1024x476.png" alt="audusd-daily-08102016" width="1024" height="476" /></a>

NZD/USD - Weekly Closing Price: 0.7162

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/NZDUSD-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8447" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/NZDUSD-DAILY-08102016-1024x476.png" alt="nzdusd-daily-08102016" width="1024" height="476" /></a>

USD/CAD - Weekly Closing Price: 1.3279

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/USDCAD-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8448" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/USDCAD-DAILY-08102016-1024x476.png" alt="usdcad-daily-08102016" width="1024" height="476" /></a>

USD/CHF - Weekly Closing Price: 0.9777

<a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/USDCHF-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8449" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/USDCHF-DAILY-08102016-1024x476.png" alt="usdchf-daily-08102016" width="1024" height="476" /></a>

USD/JPY - Weekly Closing Price: 102.94

<u><a href="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/USDJPY-DAILY-08102016.png"><img class="aligncenter size-large wp-image-8450" src="http://weeklyfxdrivethru.com/wp-content/uploads/2016/10/USDJPY-DAILY-08102016-1024x476.png" alt="usdjpy-daily-08102016" width="1024" height="476" /></a></u>

<u> </u>

<u> </u>

<u>MY CLOSING THOUGHTS:</u>

I think that this week will be dominated by news emanating from Europe and further BREXIT news.

We also have the second U.S. Presidential debate on Sunday evening. I am not sure if this will do much for the markets in Asian trading when the debate takes place.

As usual…

Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.

Take care,

Scott Pickering
The Pip Accumulator
<a href="http://weeklyfxdrivethru.com/disclaimer/">http://weeklyfxdrivethru.com/disclaimer/
</a>DATE: 8th October 2016
BLOG VERSION: #114 THE PREMIUM SERVICE VERSION