Insight: US DXY EUR GBP

Global equities have fallen with the DOW Jones ( the US Mt. Olympus of equity trading..so to speak) dragging the rest of the pack lower with the spillover effects have gone towards Asia with the Nikkei below the 14000 levels.

Continued risk aversion and investors market shift to unload have gained momentum. Even with some commodity currencies like the Aussie Dollar vs. the Japanese Yen and Candian Loonie have felt the volatility in the market place. The best performing currency pairs were still converging with the Euro and Cable pairs gaining from the decline of the US dollar (Index: DXY) running below the 79.50 basis point contrary to the jobless claims report that have slightly provided some positive support for the USD. However, the negative impact of this decline have continued to weigh oni investors minds with the continued uncertainty of the US sanctions to be imposed on Russia. these are the two main hightlights that would be addressed by traders as to which on these fundamentals would weigh more on the market.

Insight: US DXY EUR GBP