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Risk-off dominated the markets - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that markets resumed their risk-averse trading this Wednesday, with oil plummeting to fresh lows and the DJIA losing over 500 points in the American afternoon.

    Key Quotes:

    "Safe havens gold and yen were among the most favored, whilst the common currency also benefited from the risk environment, although traded within its recent range ahead against the greenback, ahead of the ECB economic policy meeting early Thursday."

    "Stock's rout began in Asia, as local shares succumbed to selling pressure following black gold´s decline to fresh multi-year lows, and extended all through the world, with all of the major indexes closing in the red. The dollar also suffered from poor local data, as housing starts in the US, unexpectedly fell by 2.5% in December, whilst inflation faltered in the same month, as December monthly CPI fell to -0.1%."
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