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Safe-Haven FX not reacting to mixed trade messages
The risk appetite is dented across global markets, but the key safe-haven assets are not over-reacting. The big three haven (risk-yardsticks), are not posting large intra-day trading ranges around the negative bias in market tone. • USDJPY remains firm at 108.50 • Gold extremely slow around $1,472-$1,475 • AUD/JPY subdued under 74.00 So how do we position for the US signing off the HK bill, further provoking China? • Our Studio produces Daily market Video Analysis for Traders who are active across FX, Stocks & Commodities: Sell SP500 & Buy Gold: 2 Key Trades: 1. Sell SP500 $3,100 Target: $3,005 (+$95) Stop: ... (full story)