Just taking a look at commodity trading currencies this morning along with the Yen strength. From an early observation it's starting to feel like we very well could have a risk-off (stock correction) trading day in the NY session.
Throughout this morning in the London session all commodity trading currencies (AUD, NZD, CAD) traded lower against the USD and Yen.
In today’s market insights video recording, I talk about EURGBP and AUDJPY FX Minors.
Euro is affected by a report that a phase-1 deal is highly unlikely by the end of this year as the Chinese want rollbacks pushed to May 2020 and the US Congress just passed a bill supporting Hong Kong protesters; going against China again!?
Safe-haven flows were also increasing...