Seems like the market may have gotten a little ahead of itself in selling dollars in anticipation of QE4. Bernanke gave him exactly what he wanted, plus a promise not to stop until unemployment falls another percent and a half…

Gold can’t rally, EUR/USD can’t clear 1.3100 and suddenly the commodity currencies are looking a tad over-ripe. Might be time for a flush. Keep an eye on equities. They could lead the way, using the fiscal cliff as an excuse.