USD Dollar (USD)

The Dollar strengthened against most majors after The U.S. economic recovery will extend into next year as manufacturing expands and the pace of firings abates, reports today indicated, Unemployment Claims came out better than expected at 505K vs. 503K forecast. NASDAQ and Dow Jones fell by 1.66% and 0.9% respectively, Crude oil fell by 2.7% closed at 77.4$ a barrel, Gold (XAU) closed almost unchanged at 1142$ an ounce. No economic data expected today.


EURO (EUR)

The Euro decreased versus the Dollar and the Yen as stock markets fell, discouraging demand for higher-yielding assets. Overall, EUR/USD traded with a low of 1.4843 and with a high of 1.4965. Today, German PPI is expected at 0.1% vs. -0.5% forecast, ECB President Trichet Speaks.


Resistance

1.4928

1.4967

1.4990

Support

1.4880

1.4843

1.4808