Face it, were sheep. As forex traders, we try and figure out what’s moving the market and then latch onto it like a starving pitbull. Looks as though the spike in gold prices has gotten traders attention and they are now dumping dollar because gold and the dollar are inversely correlated (most days, anyway).
EUR/USD is up to 1.4280, USD/JPY down to 92.23 and AUD/USD has triggered stops, now above 0.8340.
