USD Trading Outlook (10-11-2010)
U.S. Dollar Trading (USD) strong dollar momentum continued from Monday with stocks and commodities falling sharply towards the end of the day. News that margin requirements would be increased for silver contracts triggered a domino effect throughout the commodities market and currencies. In US stocks, DJIA –60 points closing at 11346, S& P -9 points closing at 1213 and NASDAQ -17 points closing at 2562. Looking ahead, Weekly Jobless Claims are forecast at 450k vs. 456k previously. Weekly Jobless Claims are forecast at -45.5bn vs. 46.35bn
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