USD Dollar (USD)

The Dollar lost an important part of previous gains after the minutes of the FOMC showed that the FED sees a slow recovery and expects the unemployment rate to remain at high levels. Earlier, The GDP came out 2.8% worse than expected 2.9%. The U.S. markets ended with minor losses. Dow Jones ended the session with a loss of -0.16%, NASDAQ fell by -0.31% and the S&P 500 decreased by -0.05%. Gold (XAU) did not reach new highs closing at 1168$ an ounce. Crude Oil tumbled and closed under 76$ a barrel. Today, The Core Durable Goods Orders expected 0.8% vs. 0.9% previously. The Initial Jobless Claims expected 500K vs. 505K previously. The New Home Sales expected 408K vs. 402K previously.

EURO (EUR)

The Dollar lost daily gains against the Euro but the Euro failed one more time to break above 1.5. The pair is still moving sideways between 1.5050 and 1.48. The German GDP came out as expected unchanged at 0.7%. The German IFO Business Climate Index came out 93.9 better than expected 92.5. The Industrial New Orders came out 1.5% also better than expected 0.6%. Overall, EUR/USD traded with a low of 1.4888 and with a high of 1.4988. Today, The Gfk German Consumer Climate expected 4.3 vs. 4 previously.

EUR/USD - Last: 1.4968

Resistance

1.5000

1.5020

1.5050

Support

1.4920

1.4890

1.4850

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