The U.S. manufacturing sector is still expanding, barely, according to today’s ISM Manufacturing report. The good news is of little consolation to America’s hard working robots that apparently are being outsourced in favor of cheaper robots overseas according to The Onion. This may have an impact on U.S. payrolls shortly if robots who only know one manufacturing process are not reprogrammed and assimilated back into the workforce which may be harder than some think.

“QT2D-7, an 11-year-old electric assembly-operations robot, was laid off Monday when the Lawn-Boy plant that has employed him relocated its manufacturing headquarters to New Delhi, India…”Observation: I’ve never known anything but assembling lawnmowers. Query: Just like that, they throw me out?

-The Onion Article”

Back at my trading desk I am not expecting much activity until after the slew of central bank announcements start tomorrow and Friday’s Non-Farm Payroll report. The market seems to be hinging a lot on the U.S. payroll numbers so expect a wild ride, I plan to stay out of the way.

As for channels, I’m adding this USD/CAD 4-hour channel to the “watch list”. Loonie has the potential to make a decent move while it hovers around Dollar parity and commodity traders struggle with sagging oil prices.

Best of luck and never risk more than 2%.

-Ryan