Thread: EUR/USD
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Old 11-08-2010, 05:53
adria adria is offline
Level III Lasers Member
Join Date: Jun 2010
Posts: 53

The dollar gained across the board as a profit taking characterized the market before the FOMC statement today. The Stock Markets in U.S advanced with Dow Jones gaining 0.42% and the NASDAQ rising by 0.75%. Crude Oil advanced by 1% and closed at 81.5$ a barrel. Gold (XAU) seems to pause its rally and closed at 1201$ an ounce. Today, the Nonfarm Productivity is expected at 0.1% vs.2.8% previously. The Unit Labor Cost is expected 1.4% vs. -1.3% previously. After the FOMC Statement an Interest Rate Decision is expected unchanged at 0.25%.
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