The Traderszone Network

Helping the EURUSD pressure
The EURUSD has moved lower and looks to test key support.  
Meanwhile, helping the downside for that pair is the EURGBP which has also moved lower and is testing the key 200 hour MA (green line in the chart below at 0.73566). The price last moved below this MA on Friday, but that break failed.  

Markets in an angry mood to start the year
AUD/USD made a slow move higher in the quiet period from Dec 16 through the start of the year. That gentle move has had a massive unwind in the past few hours as the market curls up in the fetal position and whimpers softly after China fell 7%.

Vanguard once again had smart insights into investing, writes Cullen Roche.
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U.S. stocks traded sharply lower, weighed by renewed concerns of negative impact from slowdown in China and increased tensions in the Middle East.

President Barack Obama is slated Monday to finalize a set of new executive actions tightening the nation’s gun laws, making his first order of business in 2016 a clear signal the president in his final …

The U.S. manufacturing sector contracted further in December, as the impact of a stronger U.S. dollar undermined export profitability, while U.S. construction spending fell for the first time in nearly 1-1/2 years in November, suggesting only moderate economic growth in the fourth quarter of 2105. The U.S. Institute for Supply Management (ISM) said its index of national factory activity fell to 48.2 from 48.6 in November and is now at its lowest level since June 2009. A reading above 50 indicates expansion in the manufacturing sector and a reading below 50 indicates contraction.

Oil prices edged up Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran.