Currency Strength Meter: 4th October
The currency strength meter this week highlights the stronger currencies were CHF, JPY and USD. The weakest currencies were NZD, EUR and AUD. This could follow through into this weeks trading and could offer trending opportunities. This strength meter suggests the market is in a risk off environment in line with the stock market moving into a bearish trend. If stocks continue to fall we could see this sentiment continue.
Trending Pairs of the week:
NZDUSD, NZDJPY NZDCHF, EURUSD, EURJPY, EURCHF, AUDUSD, AUDJPY, AUDCHF.