USD Trading Outlook (01-12-2010)
U.S. Dollar Trading (USD) investors continued to punish the smaller European countries selling bonds aggressively and sparking further risk aversion in global stock markets. US Data was mixed with November Chicago PMI forecast at 62.5 vs. 60.0 previously and September Case Shiller House Price index +0.6% vs. +1.7% y/y previously. In US stocks, DJIA -46 points closing at 11006, S& P -7 points closing at 1180 and NASDAQ -9 points closing at 2498. Looking ahead, November ADP National Employment is forecast at 69k vs. 43k.
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