Greenback Makes Headlines by GoLearn Forex

The U.S Dollar made headlines yesterday unfortunately for the Greenback it was not positive.  The DXY, an index weighted basket of currencies against that Dollar, hit a low for the year touching just below 74.20 before a mild retreat.  EUR and CHF both took out near term resistance with the EUR touching an intra-day high of 1.5145 and the CHF dropped below Dollar parity to .9920.

Global Equity Markets were mostly up as the DJIA closed its session ahead 30.69 points to 10,464.40 before the U.S Holiday.  Gold struck 1,192 and Oil briefly crosses $78 a barrel before leveling off,  as Crude Oil inventories in the U.S were reported to be on the rise.

There are a number of economic data releases due out in Japan and the Euro-zone.  The ones to watch will be the CPI from the Euro-zone and the Jobless Rate in Japan.  Today is a U.S Holiday, so expect lighter than normal volumes across all markets.

Upcoming Forex Events for November 26, 2009

GBP     CBI Distributive Trades Survey        Forecast  11.00  Previous  8.00

EUR    German CPI (MoM) [Preliminary Release]               Forecast  0.00%  Previous  0.10%

JPY     Tokyo Core CPI (YoY)           Forecast   -2.00%  Previous  -2.20%

NZD     Inflation Expectations (QoQ)            Previous  2.30%