Democratic Underground - daily dollar watch

http://quotes.ino.com/chart/?s=NYBOT_DXY0

Last trade 81.89 Change -0.04 (-0.05%)

Settle 81.93 Settle Time 23:36

Open 82.01 Previous Close 81.93

High 82.22 Low 81.65

Guess that revised GDP couldn't have come at a better time :eyes:

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid={EE2D5EBC-35D3-4DE7-A3F2-03F24FE6CDA0}&siteid=mktw&dist=bnb

U.S. GDP revised up to 3.9%

WASHINGTON (CBS.MW) - The U.S. economy grew at a 3.9 percent annual rate in the third quarter, slightly faster than the 3.7 percent estimated a month ago, the Commerce Department reported Tuesday. The revisions to real gross domestic product were largely due to higher exports, consumer spending and business investments, which were offset by lower inventory building. Economists were predicting a revision to about 3.8 percent. The core personal consumption expenditure price index rose an unrevised 0.7 percent.

http://www.forextelevision.com/FT/Text/ShowStory.jsp?id=1609

The Current Market Sentiment

EUR/USD

The pair is expected to face a strong resistance at 1.333 this week waiting for the US labor report by the end of this week. The pair can face a strong profit taken again as what has been done last month of the US labor report as the market has found it a good chance to resell the USD after an upbeat US non-farm pay-roll came at the double of the market expectations. It was rarely to face this market performance on such non-farm payroll data. But ahead of this week data the USD could find some footing but it is expected to be short lived and on a wave of profit taken before these data which is expected to be faced with USD selling after it especially if it came weaker than expected. We have many indicators to look at this week Q3 GDP preliminary reading, Nov US Consumer Confidence, Nov Manufacturing ISM, Oct Factory Orders, Nov Change Employment Payrolls and also the PMI manufacturing index from EU and UK

<snip>

USD/JPY

Iwata's recent talking about the flexibility that has been reached in the currency market and his agreement on the moderate impact of the interventions with Greenspan has dragged the pair from 130.3 to 102.7 recently. That is beside the G20 call for a flexible currency market which has given the feeling that the BOJ has further tolerance before intervening in the forex market! And Today's disappointing Oct industrial output which has come at -1.2% can give the pair some support in the next sessions as the market was expecting .2%. We have many indicators to look at this week Q3 GDP preliminary reading, Nov US Consumer Confidence, Nov Manufacturing ISM, Oct Factory Orders, Nov Change Employment Payrolls and also the PMI manufacturing index from EU and UK.

...more at link...

Today's Reports:

Nov 30 10:00 AM
Chicago PMI Nov
report -
briefing.com 59.0
market 62.0
last report 68.5
revised -

Nov 30 10:00 AM
Consumer Confidence Nov
report -
briefing.com 94.5
market 96.0
last report 92.8
revised -

Have a Great Day Marketeers!

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