By | January 25 2010 4:23 AM

The Dollar gained versus the Euro and the Pound and weakened versus the Yen as Risk Aversion acted as the catalyst for the Dollar rally. China announced it will cool its economy and markets and U.S President, Barrack Obama, proposed new limitations on Banks' size and risk taking. NASDAQ and Dow Jones fell by -3.61% and -4.12% respectively as Obama's financial plan and uncertainty on Bernanke's 2nd term vote raised economic fears. Crude Oil dropped by -4.5% the past week closing at 74.56$ a barrel and Gold (XAU) declined by -3.4% closing at 1092.50$. Looking ahead, Existing Home Sales are expected weaker on Monday. Fed Chairman, Bernanke, Confirmation Vote on Tuesday is expected to cause many speculations and price movements. FOMC's Interest Rate Decision is expected unchanged with 0.25% on Wednesday. Core Durable Goods Orders are expected weaker on Thursday along with Initial Jobless Claims. 4th quarter GDP will be released on Friday and could have dramatic effects on the Dollar. Major companies such as Microsoft, Yahoo and Apple will release their earnings during the week and could have effect on equity markets.