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Some stability in western stock markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Overview Monday’s session hinted at some near term relief in risk markets, but Tuesday proved more successful in this respect. Gains in global stocks seen as tentative at best, and looking at levels attained in the respective risk currencies, the FX market is not convinced. USD/JPY was pulled in both directions in Asia, as Nikkei losses (anticipated) were tempered by China actions to halt short positioning in the CNH. Tightening the spread against the CNY, we saw the onshore rate briefly in

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