US Session: Global Markets Sink Consistent With Market Correction Theory





G10 Advancers and Decliners vs USD
AUD 1.89
EUR -0.53
GBP -0.71
JPY -2.26
The financial markets took a turn for the worse supporting further dollar strength in an attempt by investors to scale back risk. The EurUsd fell 60pips to the low range of 1.3863. The UsdJpy fell 214pips consistent with the pattern of risk aversion driving price action in the marketplace. Equity markets sold off in Asia and Europe but were mixed in the U.S. with the DJIA opening higher but…

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