The Dollar was mixed versus the major currencies as Dubai's financial crisis led investors to uncertainty and fear, driving the Dollar higher as Risk Appetite lowered. The thanksgiving rally continuation depends on the market reaction to the Dubai crisis and investors' sentiment as lower risk appetite will drive the Dollar higher. NASDAQ and Dow Jones remained almost unchanged with -0.35% and -0.08% respectively. Crude Oil weakened by 2.2% the past week closing at 76.05$ after dropping below 72.5$ following Dubai's crisis. Gold (XAU) strengthened by 1.5% closing at 1172$ after reaching as high as 1,195$. Looking ahead, ISM Manufacturing PMI and Pending Home Sales are expected weaker on Tuesday. Fed's Beige Book will be released on Wednesday and is expected to extend more on the issues discussed in Fed's Meeting Minutes released last week. ISM Non Manufacturing PMI is expected better on Thursday. Non Farm Employment Change and Unemployment Rate on Friday are leading indicators contributing to the Dollar trend.

The Euro gained 0.7% the past week making new yearly highs but was unable to sustain its gains and dropped to test the 1.48 support level at the bottom price channel it has been trading on for the last 6 weeks. The financial crisis in Dubai sent the Euro lower on Friday causing it to giveaway most of its weekly gains. Overall, EUR/USD traded with a high of 1.5144 and a low of 1.4828. Looking ahead, CPI Flash Estimate on Monday and German Unemployment Change and European Unemployment Rate on Tuesday will start the week. The most anticipated data of the week will be ECB's rate decision on Thursday. The ECB is expected to keep the rate unchanged at 1% but might upgrade growth and inflation expectations for 2010.

The Pound remained unchanged versus the Dollar after a volatile week. Better 3rd quarter Revised GDP figures and stronger CBI Realized Sales sent the Pound higher but concerns about Dubai's financial crisis sent the Pound lower and ignited a flight to the safety of the Dollar. Overall, GBP/USD traded with a high of 1.6746 and a low of 1.6271. Looking ahead, Manufacturing PMI is expected stronger on Tuesday and Construction PMI is expected on Wednesday. Services PMI is expected stronger on Thursday.