Risk off flows driving currency markets this morning with the Aussie in focus

Our first webinar of the new year and decade and it was good to be back and an enjoyable and lively webinar. The overnight news was dominated with concerns over the Chinese virus scares which sent equity markets in Asia falling as the longer-term risk on sentiment reversed, with strong selling of commodity currencies matched with strong buying of the Japanese yen, with all three of the US indices selling off in tandem with Far East markets.

The AUD/JPY was one of those in focus along with the British pound, with the GBP/AUD delivering and some classic price action on the faster timeframes. As always the currency strength indicator leads the way and guiding us into those opportunities developing, and those already underway, with the currency matrix then establishing sentiment across the complex. And the key as always is in identifying whether any reversal in trend is from a primary to a primary or primary to a secondary, for which we use volume price analysis and David explains at the end of the webinar.

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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