Stops below the 1.4650 level have been triggered, sending us toward support at 1.4630. More strops are seen in the 1.4625/25 area.
Gold has resumed its slide, now at $1500. Oil is below 105. Maybe inflation will be transitory after all.
There seems to be very little reason to rush in to buy the dips this morning. Asian central banks have been buying for the last 50 pips with little to show for it…
