Gold has fallen back to $995 on the spot market while equities have given back a chunk of their earlier gains. EUR/USD has not proven immune and has dipped back below the 1.45 level, now at 1.4490.
Small trailing stops are eyed below the 1.4460 level with another batch seen on a break of 1.4440. 1.4450 is seen as a good entry level for late-comers to the rally.
Just crossing the wires, the President of OPEC says that the oil market is better but that inventories are uncomfortably high. Sounds like an effort to cool the rally, to me.
