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Trading the FX markets as China’s economy slows

Richard Perry from Hantec Markets says China is putting real pressure on the markets, with commodity currencies feeling the brunt of it. 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

He says there has been a great deal of flow into the euro and it has broken through some key resistance levels. Richard also likes sterling and is looking for a closing break above $1.5690. He says EUR/JPY is forming some nice support at ¥1.37 and could test the peak of ¥1.41.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.