The rebound in the dollar has turned the commodities markets lower and is undermining the stock rally. EUR/USD has triggered stops down to the 1.4970 level thus far while oil prices have slumped back toward $80 after reaching $81.58 earlier. Gold is at$1052 $1059 earlier.
US shares have given back half their gains as the dollar recovers.
The next area of bids is seen down at 1.4940/50. We trade now at 1.4972.
