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Equities and Oil dominating FX trade once again

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Following on from Friday’s losses we saw further weakness in equities and commodities to weigh on the risk FX pairs. Led by USD/JPY , early consolidation across the majors soon evaporated, with the European banking sector leading losses in the Euro bourses while the energy stocks suffered on fresh falls in oil. Trading through the 116.00’s, we eventually took out the figure level, initially running into support below here. Large exotic out-strikes seen from 115.50-15.00. EUR/USD initially

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