The strongest and weakest currencies as NA traders begin their day

Discussion in 'Technical Analysis' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Jan 6, 2015. The JPY is the strongest. The AUD is the weakest. For the 3rd day in the new trading year, the JPY has been the leader of the pack as NA traders enter for the day. The Pavlovian reaction has been off of equity fears. This time No. Korea's H-bomb test has traders worried. So the "safe haven" trade into the JPY has been what has been happening. The S&P is projected to be down 35 points at the opening. The European major indices are in the red with the Dax -1.68, the Cac down -1.86%. The Euro Stoxx index down -1.67% and the UK FTSE down 1.76%.

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