QE gave us EUR/USD at 1.4160 and fears that we won’t get as much QE as we’d hoped are taking away some of the big gains in currencies, stocks and commodities….
Oil is down 2.2% so far today, now at $80.80. The CRB is down 1.2% and The S&P is down 10 points or 0.9%.
EUR/USD support lies in the 1.3750/1.3770 area; a break targets a retest of 1.3700.
