The USD selling pressure has intensified in the wake of the Dagong, aka Chinese, downgrade of the USA. Talk of Fitch following suit.
Stops now triggered left and centre although I’m surprised by the extent of the reaction. But yes the market is a crock of s**t.
USDJPY now playing catch up down to 97.82 as Nikkei futures fall.
GBPUSD has taken out strong sell resistance at 1.6070.. more offers heading into 1.6100
AUDUSD challenging strong sell area at 0.9600
EURUSD easing off a tad at 1.3630 but demand still noted.
Gold surging higher to USD 1321
