Risk is losing luster in early afternoon. EUR/USD has fallen back below 1.4950 after being held below 1.5000 by Asian central bank sales. Commodities have eased across the board of late and are now negative versus the CRB. Equities are lengthening their intraday losses, now down 0.5%.
Look for selling to accelerate below the 1.4935 level. There is a trendline there from yesterday’s low at 1.4809 on the short-term charts. 1.4910/15 is support near-term.
