The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Forex trading headlines for April 15, 2013:
Two explosions at the Boston Marathon
Gold falls $143 to $1339 -- biggest % drop since 1983
Empire Fed manufacturing index +3.05 vs +7.0 exp
Draghi says ECB doesn't have a life-preserver for failing banks
NAHB US homebuilder sentiment 42 vs 45 exp
Bill Gross doubles-down on gold, bad idea
S&P 500 down 2.3% to 1552
JPY leads, commodity FX lags
Our thoughts are with the people in Boston as we try to understand why anyone would bomb a marathon.
For those of you just waking up, the slump in markets started long before the attacks. The crushing declines in gold spread to other commodities, then stocks and then to forex.
As sentiment deteriorated, commodity currencies began to wilt. Once USD/JPY broke 97.50 the market rushed into yen.
Late in the day, news of the explosions hit and market participants scrambled into bonds and yen.
Originally posted here...
Source: http://www.benzinga.com/news/13/04/3498432/forexlive-americas-wrap-explosions-rock-boston
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