It wasn’t just one thing it was a number of things that sparked the sell off on stocks and drove the Yen off its lows. Tuesday was a great example of traders buying the Yen in times of stock market uncertainty.
Chinese stocks went down 5% which is the equivalent of the Dow Jones being down 900 points (a big down day on the Dow Jones is about 150) and Greek stock markets dropped over 12.7% which is the biggest single decline in 27 years.
The Greek government has called an election a couple of years early and overall Europe has a big struggle on its hands and countries such as Greece, Spain and Italy will cause more grief over coming months and years for the European Central Bank.
The full LTG GoldRock Review of this Forex News can be found in the GoldRock Insider Report for Wednesday 10th December 2014
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