Forex markets don't seem like they're ready to throw the toys out of the pram just yet
While I'm not making light of the moves so far today, it doesn't feel like FX pairs are getting any additional collywobbles from the stock market. The ranges have been decent, 145 pips in EUR USD for example, but they're not going overboard.
Stocks are really getting battered as I type, and the S&P level Adam has just pointed out has gone. The fact that FX isn't really joining in makes it dangerous as it might bring a false sense of security leading to a sudden blowout
Be cautious if you're looking for bottoms here in pairs like cable, euro and aussie
