USD Dollar (USD) – The Dollar gained against the major currencies as euro-zone concerns remained in focus and fears pushed investors to safe havens such as the dollar. The Chicago PMI came out at 62.5 better than the expected 60.1. The CB Consumer Confidence came out at 54.1, better than the expected 52.7. The Stock Market in the U.S. closed negative as the Dow Jones decreased by -0.42% and the NASDAQ lost -1.07%. Crude Oil erased the previous day's gains as it fell -2% and closed near $84 a barrel. Gold (XAU) posted gains as it jumped by 1.4% and closed at $1386 per ounce. Today, The ADP Non Farm Employment change is expected at 70k vs. 43k previously. The ISM Manufacturing PMI is expected at 56.4 vs. 56.9 previously. The Beige Book also will come out.

Euro (EUR) – The Euro fell to fresh 11 week lows in Forex trading against the dollar on concerns that the debt crisis will also spread to Portugal. The ECB President also said that they are not responsible for monitoring countries. The CPI came out unchanged as expected at 1.9%. The Unemployment rate came out unchanged as expected at 10.1%. Holding below the resistance level of 1.3050 keeps the momentum negative for the pair. Overall, EUR/USD traded with a low of 1.2975 and with a high of 1.3150. Today, German Retail Sales are expected at 1.3% vs. -1.7% previously.

EUR/USD – Last:  1.2982

British Pound (GBP) – The Pound slightly weakened against the dollar as it momentarily broke the 1.5500 area but quickly recovered and is still fluctuating around the support area of 1.5550. The GBP, however, has also been affected by the events in the euro zone. Holding above the support level of 1.5550 might push the pair upwards as oversold conditions have been seen in the pair. Overall, GBP/USD traded with a low of 1.5483 and with a high of 1.5595. Today, the Nationwide HPI is expected at -0.3% vs. -0.7% previously. The Manufacturing PMI is expected at 54.8 vs. 54.9 previously.

GBP/USD - Last: 1.5571

Japanese Yen (JPY) – The Yen gained versus most of the major currencies including the dollar as investors preferred the safe choice of running back to the Japanese currency. Holding below the resistance level of 84.40 might turn the momentum to negative for the pair. Overall, USD/JPY traded with a low of 83.41 and with a high of 84.31. Capital Spending is expected at 6.1% vs. -1.7% previously.

USD/JPY-Last: 83.58

Canadian dollar (CAD) – The U.S. dollar gained against Canada's dollar after negative macro data in Canada showed that the GDP came out -0.1% worse than the expected 0.1%, signaling that the nation’s economy expanded at a slower pace than economists forecasted.  Holding above the 1.0240 support level keeps the momentum positive for the pair. Overall, USD/CAD traded with a low of 1.0170 and with a high of 1.0284. No economic data is expected today.

USD/CAD - Last: 1.0245