The pound may have led the way today but now risk is going sour
USD/JPY is on the slide now, only by 20 pips of so and no flood yet. 121.21 the low so far. Yen crosses are sucking their counterparts lower too
GBP/USD is trying to hold its ground around 1.4735 and the euro's break through the 1.0560 level is finding resistance around 1.0540. The big figure at 1.0500 and subsequent drop to 1.0495 yesterday remains intact for now
USD/CAD has run through the years highs at 1.2800 to 1.2823 and that's being helped by oil at fresh lows
Stocks are throwing their toys out of the pram once again and the seesaw between big gains and big losses continues. The S&P is down 19 at 2046, Dow -202 at 17693, Nasdaq -36 at 4857. European stocks aren't joining in the with the US rout just yet and the Dax is bucking the trend anyway.
These markets are becoming quite strange and as Mike would say there's a lot of unanswered questions
