Boston terror attack adding to market woes

Author: Adam Button | Category: News

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