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USD Trading Outlook (26-10-2010)

.S. Dollar Trading (USD) the market sold the USD aggressively in the Asian and European sessions but traders took profit in the US session as stock markets fell back from opening levels. Existing Home Sales surprised at +10% in September. In US stocks, DJIA +31 points closing at 11164, S&amp P +2 points closing at 1185 and NASDAQ +11 points closing at 2490. Looking ahead, August Case Shiller House Prices +0.2% m/m. October Consumer Confidence is forecast at 49.2 vs. 48.5 previously.

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