Oil is off again, Aussie lower too as traders are cautious ahead of the Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Quick Recap Ohhhhh traders are nervous at the moment. Last night we saw stocks retreat by around 1% in Europe, and while the move in the US was a quantum less you can see in the price action that while the Fed tempering its language, assuming they do, will lift stocks it’s unlikely to be sustainable. That’s because there is a clear recognition that the moves in China, promise from the ECB and potential for a change in tact from the Fed reflect a slowing growth picture around the globe. As I’ve

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