I remain skeptical that the Dollar is breaking up now though bullish the dollar in the long run. The consolidation from March still seems too small in comparison to the July 2012 to May 2014 correction to be all of wave (iv).
Silver futures have been testing a key Gann-related support area for almost a year while tracing a narrowing range. We chart the pattern and show what a bounce might look like in our latest post at TraderPlanet
The FOMC minutes at 14:00 Eastern is the main event of the day. Expect a choppy advance in the morning and pause for the news. If the minutes sound hawkish, market will probably turn soft for the rest of the day.