It seems as though dealers are afraid there won’t be anyone to deal with if they wait too long to take profits on the risk-aversion trades that have dominated the market the last two sessions. Gold has given back half its overnight gains while oil is at $38.75after breaking above $40 in London. EUR/CHF is bucking the trend, falling sharply over the last hour, reaching a low of 1.4825.
EUR/USD is 1.4242 after spending much of the morning near 1.4300. Support is light until 1.4175.
