USD Dollar (USD)

The Dollar finished the day and the week with gains across the board except against the Yen but fell in the beginning of the trading session on Sunday. The fall in stocks with an increase in risk aversion helped Greenback recover. Wall Street ended Friday in negative. The Dow Jones ended with a loss of 0.14%, The NASDAQ fell by -0.5% and the S&P 500 decreased by -0.32%. The Gold (XAU) rose and closed above the 1050$ an ounce. The Crude Oil closed almost unchanged near the 77.5$ a barrel. Today, The Existing Home Sales expected at 5.7M vs. 5.57M previously.

EURO (EUR)

The Dollar posted gains against the Euro after falling in the last two weeks. The pair is still moving in ranges between the highs of the year at 1.5060 and 1.4800. The rally of the Dollar was not enough on Friday to break below the support. Overall, EUR/USD traded with a low of 1.48 and with a high of 1.4934. Today, The French PMI expected at 55.4 vs. 55.3 previously. The German Manufacturing PMI expected at 51.7 vs. 51.1 previously. The Manufacturing PMI expected at 51.4 vs. 50.7 previously. Also, the ECB President, Jean-Claude Trichet will speak.

EUR/USD - Last: 1.4908

Resistance

1.4900

1.4935

1.4975

Support

1.4800

1.4770

1.4730

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