Tuesday, November 30, 2010

Eurozone unemployment out today


The dollar once again strengthened against the Euro and the yen as the Irish bailout announcement did not clear the concerns on the situation. US equities dropped lower as well.

The Euro traded to a high of 1.3302 before turning lower during the European session, taking out stops and option barriers at 1.3100.

Aussie and Sterling followed lower on the back of the Euro.

I guess the trend is still down with a dollar bull.

Data Today
German Unemployment rate – 8.55am GMT
Eurozone Unemployment rate – 10am GMT
US S&P/Case Shiller Home price index – 2pm GMT
US consumer confidence – 3pm GMT
Chicago PMI – 2.45pm GMT 

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