I’m tempted to think the reaction to the minutes is overdone but when the news and techs align in the same direction, you have to go with it. That’s especially true in EUR/USD and GBP/USD.
Gold techs have been weak for some time and it’s selling off on the thinking that the Fed will abandon QE around year end. I think the Fed will abandon QE when employment improves — just like they said.
In any case, the 200-day moving average is the next area of support.
