Safe-Haven FX not reacting to mixed trade messages

Russell Sandiford Reiwa-Capital.com

The risk appetite is dented across global markets, but the key safe-haven assets are not over-reacting.

The big three haven (risk-yardsticks), are not posting large intra-day trading ranges around the negative bias in market tone.

USD/JPY remains firm at 108.50
Gold extremely slow around $1,472-$1,475
AUD/JPY subdued under 74.00

So how do we position for the US signing off the HK bill, further provoking China?

Our Studio produces Daily market Video Analysis for Traders who are active across FX, Stocks & Commodities:

Sell SP500 & Buy Gold:

2 Key Trades:

1. Sell SP500

$3,100

Target: $3,005 (+$95)

Stop: $3,130 (-$30)

2. Buy GOLD

$1,470

Target: $1,500 (+$30)

Stop: $1,450 (-$20)

Author

Russell Sandiford

Reiwa-Capital.com

Russell Sandiford is one of the most reputable market analysts in Australia with over 16 years’ experience in the global FX, indices and commodities markets.

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