…and the dollar looks like a star in the late-going.
Gold is back below the $1400 level after Bank of Canada Governor Carney ended any hope that the G20 would adopt some sort of gold standard-hybrid on the urging of the World Bank.We shed over $20 on that little pearl, from the head of the central bank of a gold-producing nation, no less…
Share prices sit on session lows, down 0.7% on the day and the dollar index is on its highs at 77.75… It’ starting to get ugly…
The barrier at 1.3800 had been hung out to dry and stops below tht level are being triggered.
1.3751 is the measured-move objective of the head and shoulders on the hourly charts and a good level to book some profits on EUR shorts….