Market Review By UFX Bank – Nov 24, 2009
Nov 24, 2009 Make Money Online
USD Dollar (USD)
The rally in Europe and Wall Street put pressure on the Dollar that fell across the board and rose only against the Yen. The existing home sales data that came at 6.1M, better than the 5.7M expected and comments about interest rate staying at low levels for some time fueled stocks. Dow Jones closed at the highest level in 13 months and ended the session with a gain of 1.29%. NASDAQ rose by 1.4% and the S&P 500 increased by 1.36%. Gold (XAU) posted new record highs above $1,170. Crude Oil jumped at the early trading hours but closed almost unchanged near the 77.5$ a barrel. Today, the GDP expected at 3% vs. 3.5% previously. The CB Consumer Confidence expected unchanged at 47.7. Also, later Federal Open Market Committee will be expected.
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Tags: BBA Mortgage Approvals, CAD, Core Retail Sales, EUR, Federal Open Market Committee, Forex, GDP, Gold, JPY, Nasdaq, PMI, US Dollar, USD, XAU
