Boston terror attack adding to market woes

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Any time there is uncertainty, the knee jerk reaction is to buy yen, sell stocks, buy bonds and ask questions later.

The S&P 500 is down 34 points to 1554, which would be the worst loss since the day after the US election.

SP500 daily chart April 15, 2013

AUD/JPY is down testing the key support I mentioned earlier while NZD/USD is down nearly 200 pips.

NZDUSD daily chart April 15, 2013

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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  1. May be i am bit late in reading this post. I recently bought USD/JPY at 97.10

  2. Aud positioning wasn’t too long…more it will change to massively short after this sell off…looking like a lot of long liquidation

  3. That’s been one big nice drop on the SP500 (showing me some love) (hope no one is too hurt in Boston)- buying on the angled support with a nice close stop ( I think its going right on though) also buying more AUD.

    next stop our last resistance line the beloved 1540 1538 – We would really need new highs after that 1635 to 1640 – the upward trend line .

    As always Adam you do a great job , I want to visit Canada.


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