Share prices are slipping late in the session, as is oil. Crude spent a good deal of the day above $100 but the tug-of-war between a weakening dollar and the potential for financial Armageddon (as the President constantly warns us) is keeping the topside somewhat limited for consumable commodities. Gold is firm, as one would expect, as is the CHF…
EUR/USD has pulled back below the big 1.4518 level, now at 1.4507. A close below that level will be a short-term disappointment to the medium-term dollar bears. Look for stops to build below the 1.4450 level.