USD Dollar (USD)

The Dollar weakened slightly versus the other majors as Dubai\'s crisis seem to have been contained. Chicago PMI came out stronger with 56.1 versus 53.4 expected. NASDAQ and Dow Jones gained by 0.29% and 0.34% after trading in the red zone for most of the trading session. Crude gained by 1.81% closing at 77.43$ a barrel and Gold (XAU) gained by 0.59% change closing at 1181.1$ an ounce. Today, ISM Manufacturing PMI is expected lower with 54.8 versus 55.7 prior and Pending Home Sales are expected with -0.4% change versus 6.1% prior.


EURO (EUR)

The Euro gained slightly versus the Dollar as risk appetite resumed following UAE\'s pledge to back Dubai\'s banks. CPI Flash Estimate came out 0.6% better than 0.5% expected. Overall, EUR/USD traded with a low of 1.4971 and with a high of 1.5084. Today, Euro Zone Unemployment Rate is expected worse with 9.8% versus 9.7% prior. German Unemployment Change is expected worse with 5K versus -26K prior.

Resistance

1.5030

1.5070

1.5085

Support

1.4975

1.4950

1.4920