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Dollar suffers as risk-off trade continues

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Tuesday, there were again few eco data with market moving potential. Early in Europe, it looked that the selling of risky assets could slow. However, the risk-off trading resumed around noon. USD/JPY was again an obvious victim. The pair returned to the 114.30 area, close to the Asian low but a new downleg didn’t occur. Oil declined sharply during the US trading session, but the direct impact on other markets was limited. On Monday, the impact of the risk-off trade on the dollar and the

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