USD
The dollar weakened last Friday. EUR/USD breached the year high and rose to 1.31 level. GBP/USD gave away 1.9150 critical resistance and rose to 1.9350. Last Friday US did not have important economic data released and the market believed that the US economy was slowing and the US Fed would be likely to cut rate next year Q1 which pressured the USD a lot. Tomorrow investors should aware of the Nov Consumer confidence index and Oct Existing home sales data.

EUR
EUR/USD rose to 1.3160 this morning. Last Friday the pair breached 1.2975 major resistance and fired up to 1.31 level. German Nov CPI fell 0.1% but rose 1.5% at the annual rate. The data indicated that the German inflation was still moderate. The market believed that next year the German will raise the sale tax 3% which might bring up the inflation risk. Last week the IFO index rose to 106.8, the highest in 15 years which supported the Euro. EUR/JPY rose to 151.90, EUR/CAD rose to 1.49. and EUR/GBP rose to 0.6780 which was bullish to the Euro. Technically, the next resistance is at 1.32 and 1.3330. The support is at 1.3070 and 1.3000.

GBP
The Pound strengthened last Friday and rose to 1.94 level this morning. Last Friday UK Q3 GDP fell slightly from 2.8% to 2.7% but still showed the strength for the UK economy. Cable was pressured at the cross rate market. EUR/GBP rose to 0.6780 and GBP/CHF fell sharply to 2.3350 critical support. However, the GBP was still support by the fund flowing favoured the European currencies. Technically, the GBP/USD breached the 1.9300 -1.9350 trading region and rose to 1.94. The support is at 1.9350.

CAD
The CAD weakened across the board. Although USD/CAD fell to 1.1320, the CAD was weakening against other major currencies. I believe that the Cad interest already hit the peak and next year will be likely to cut the rate which pressured the CAD in the long term. EUR/CAD rose to 1.49, and GBP/CAD rose to 2.2 level which showed that the fund flowing was not willing to buy the CAD assets. Technically, the USD/CAD will trade between 1.1250 - 1.1450.