USD Trading Outlook (02-11-2010)

U.S. Dollar Trading (USD) was mixed to start the week as ISM manufacturing hit five month highs in the month of October, coming in at 56.9, previous 54.4. The figures were not enough to shrug off the poor GDP figures released on Friday and expectations of a larger QE package being extended in Wednesday&rsquo s FOMC meeting. Economists expect the Fed to announce a plan to purchase $500 Billion in long-term securities according to surveys extended by Bloomberg news. US share markets were flat on Monday ending the day at +0.06%, S&amp P 0.15% and the NASDAQ down 0.1%. Focus is on Congressional elections in the US, up until FOMC meeting on Wednesday.