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The Pending Home Sales showed a fall of 4.0% . This was far worse than a drop of 0.9% that was expected. This sent the dollar down.

The dollar rallied until this announcement against all the major currencies: Euro, Yen and Swiss Franc. Now this trend has been reversed.

The  ISM Non-Manufacturing PMI was surprisingly better than expected, but still weak at 40.6 . The ISM figure was published at exaclty the same time. Also note the monthly  Factory Orders, tumbling down 4.6%.

Later, the dollar got another blow by the bottom line of the FOMC Meeting Minutes: the Federal Reserve wanted to send a strong message: Interest Rates will stay low for a long time.

This exciting week is not even in the middle, and it is already very dramatic for those of you that are trading Forex.