Investors and speculators everywhere have piled into the US dollar with gusto over the past two months.
As a result, the dollar has moved up in a parabolic fashion against most other currencies.
The ECB meeting on Thursday October 2nd will give us better insight into their bond buying plans.
If we see a smaller than anticipated package we can expect the dollar to pull back in shock.
Another risk to the dollar is a delay in the implementation of this European version of QE.
At this point, the dollar looks quite overbought with divergence on the RSI indicator. A pullback could be enough to trigger a bounce in gold and crude oil.
We shall find out tomorrow.