This market is a bitch. First it got happy and festive last week with good US employment stats then this morning it gets happy and festive after the FED meeting minutes said they could delay a rate rise if the data remains not so good.
Market goes nuts on both good and bad news!
However the USD was due for a correction and I can't see anything standing in the way to the next FED meeting in three weeks. Things might get a bit cramped on the way to the 29th and the markets could strike out at anytime. I've tied my hands and won't be buying or selling anything over the coming weeks unless it has to do with present holdings.
Last night I got rid of my EZ indices, luckily. The problem is that they react after hours to news like last night so you cannot chart their antics accurately.
