USD Trading Outlook (16-11-2010)
U.S. Dollar Trading (USD) once again the USD was very strong in Europe as the markets focused on Eurozone sovereign debt contagion. US Stocks reversed direction on the back of strong October retail sales at 1.2% vs. 0.7% forecast m/m. In US stocks, DJIA +9 points closing at 11202, S& P -1 points closing at 1197 and NASDAQ -4 points closing at 2514. Looking ahead, October Industrial Output is forecast at 0.3% vs. -0.2% previously. November NAHB Housing Market is forecast at 17 vs. 16 previously.
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