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CAD has been punished hard, GBP not far behind

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Oil, Stocks, China … the reasons for negative risk sentiment are all clear to see and it was another day of heavy losses in the stock markets, with the S&P shedding over 40pts, 425pts in the Dow. FX responded in kind, with the added impact of weak US data, led by Dec retail sales and Empire State manufacturing. USD/JPY looked to resist the indications from the futures market, but eventually worked through offers ahead of 117.00, tripping stops to later take out the Monday lows at 116.70. In

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