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U.S. Stocks Started to Pick-Up While GBP/USD Fell to a Fresh 5-year Low; EUR Plunged

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The last day continues to keep the traders alarmed as the sterling fell to a fresh 5-year low and the Canadian dollar to a 12-year low against the greenback. Euro plunged as concerns for attacks in Europe renewed. The epicentre of the fundamental news continues to be China as it took new measures to support the domestic currency. Although, the Shanghai Composite index is down again by 2.40%. However, the U.S. stocks, following a week of consecutive losses, managed to close positive Thursday’s

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