USD Trading Outlook (05-10-2010)
U.S. Dollar Trading (USD) stocks were heavy overnight with traders taking profit ahead of a big week of important data. August Factory orders fell -0.5% vs. -0.4% previously. August Home Sales rallied 4.3% in August but analysts are quick to note the 30% drop in May/June. In US stocks, DJIA -78 points closing at 10751, S& P -9 points closing at 1135 and NASDAQ -36 points closing at 2344. Looking ahead, September ISM Services forecast at 52 vs. 51.5 previously.
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