S&P 500 falls to one-month low. Commodity FX follows – ForexLive

Risk trades take a dive

We’re at new lows for the week in stocks and that means low lows since August 5.

The commodity currencies didn’t bite when stocks rallied earlier and that was the right call. The FX market has been one step ahead of stocks all week.

With the latest move in stock markets, AUD/USD has just above given up today’s gains and is trading flat on the day.

For bank trade ideas, check out eFX Plus

Let’s block ads! (Why?)

Scalping Strategy Course (DVD + Online) - $299.00

In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.

Forexmentor Coach's Corner First Month (Online) - $149.00

The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.

Source link

Have your say