Daily Review USD 28/12/2009

 @ibtimes
on December 28 2009 4:02 AM

The Dollar finished mixed versus the majors after a low volume session on Thursday ahead of Christmas Eve. Core Durable Goods Orders came out 2% better than 1% expected. Initial Jobless Claims came out 452K better than 470K expected. The bigger than expected drop in jobless claims helped stocks reaching new 15-month highs in the U.S. The Dow Jones rose 0.51% and the NASDAQ 0.71%. Gold (XAU) rose back above 1100$ mark closing at $1,104 an ounce. Crude oil rose for a 3rd day closing at $77.7 a barrel. No economic data expected today.

EURO (EUR)

The Euro gained on Thursday versus the Dollar, Pound and the Yen. On the Daily chart seems like the Euro trying to recover and rise back while keeping above the 1.43 level. If the 1.44 level will eventually breach, an upside till 1.4680 could be expected. Overall, EUR/USD traded with a low of 1.4322 and a high of 1.4416. No economic data expected today.

EUR/USD - Last: 1.4370

Resistance

1.4415

1.4445

1.45

Support

1.433

1.4275

1.4237

EURUSD

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