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USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

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US VIEW
US VIEW: DB economists said that "with the September Fed meeting in the
rearview, market attention will pivot to prospects for tax reform in the US.
Since the beginning of the year, market participants have steadily lowered
expectations for broad-based tax reform."
- They say that "to be sure, the legislative process itself and the time
constraints ahead of the 2018 midterms are challenging. However, there are
potential avenues for targeted reforms that if designed properly could be a
modest positive for GDP growth in the longer term."

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