AUDUSD SHORT POSITION
CONTINUATION TO THE DOWNSIDE SIMPLY BECAUSE THE DOLLAR HAS BEEN WEAK ON MOST FRONTS
TIGHT STOPS
RISK MANAGEMENT
Risk aversion was the dominant theme in currency markets on Thursday as Asian, European, and U.S. stock markets were a sea of red, forcing traders to stampede out of currencies heavily geared to the global economy such as the Norwegian crown NOK= and the Australian dollar. AUD=
Trump announced on Wednesday a ban on travellers from 26 European countries entering the United States for a month.
He unveiled economic steps to counter the virus but his address from the Oval Office was light on medical measures beyond assurances that "the virus has no chance against us".
INESTING.COM
https://za.investing.com/news/forexeuro-falls-as-markets-unimpressed-with-ecb-stimulus-dollar-up-sharply-2050785
CONTINUATION TO THE DOWNSIDE SIMPLY BECAUSE THE DOLLAR HAS BEEN WEAK ON MOST FRONTS
TIGHT STOPS
RISK MANAGEMENT
Risk aversion was the dominant theme in currency markets on Thursday as Asian, European, and U.S. stock markets were a sea of red, forcing traders to stampede out of currencies heavily geared to the global economy such as the Norwegian crown NOK= and the Australian dollar. AUD=
Trump announced on Wednesday a ban on travellers from 26 European countries entering the United States for a month.
He unveiled economic steps to counter the virus but his address from the Oval Office was light on medical measures beyond assurances that "the virus has no chance against us".
INESTING.COM
https://za.investing.com/news/forexeuro-falls-as-markets-unimpressed-with-ecb-stimulus-dollar-up-sharply-2050785
Trade closed: target reached