US core durable goods orders were solid on Monday but failed to boost the US dollar because the shipments components were weak and that's likely to hurt GDP later in the week. The euro was the top performer as it rose above 1.11 while the Australian dollar lagged on China worries. We take a closer look at the rout in Chinese stocks and try to put it into perspective. Our EURAUD Premium long @ 1.4690 from June 17 is currently netting +520 pips. EURUSD and USDCAD are also in progress.
1) “The worst selloff in 8 years”