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Collinson FX Market Commentary - Sep 8 - KIWI crash-tackled by reality

by Collinson FX on 9 Sep 2015
- 2015 29er Worlds, Day 2 Robert Hajduk / shuttersail.com http://shuttersail.com/
Collinson FX Market Commentary - Sep 8 - KIWI crash-tackled by reality Click here to find out how to get CollinsonFX's free iPhone app

European and Asian markets rebounded,except for malignant China, from last weeks epic losses and turmoil but Wall Street was not going to be fooled.With little on the economic front, markets focused on the degenerative global economic conditions, US markets resumed the slide. Conditions in the US confirm a telegraphed interest rate rise, as indicated for most of the year, but lack of confidence would be translated in to a massive move in markets.

The EUR held 1.1170, while the GBP traded 1.5250, revealing little on Fed action. Commodities continued to tank and the associated currencies have been in free fall over the weekend.

The AUD crashed through technicals, to trade 0.6920, while reality smashed the NZD down to 0.6250. Politicians welcome the chance to commentate on the latest media darling, announcing heartfelt measures to support migrants, ignoring the devastation being wreaked upon local markets. Focus!


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