Sniggers all around the market on Goldman’s bad call in EUR/USD. They’ll survive, I suspect.
Prices are consolidating just pips away from Goldman’s stop as we consolidate just above 1.4300. Gold fell as low as $1101.50. The Mexican peso has rallied close to 13.00 from 12.71. The S&P is down a percent. Risk is coming off and capital preservation is becoming an issue. Looks like it’s still very much a sell-the-rallies market in EUR/USD, stocks and commodities as year-end approaches.
