USD Trading Outlook (02-12-2010)
U.S. Dollar Trading (USD) was sold against most pairs as the mood changed once again yesterday and & lsquo risk on& rsquo trading hurt demand for the safe haven Dollar. November ADP Employment improved +93k vs. 43k previously. November ISM Manufacturing remained steady at 56.6 vs. 56.9 previously. In US stocks, DJIA +249 points closing at 11255, S& P +25 points closing at 1206 and NASDAQ +51 points closing at 2549. Looking ahead, Weekly Jobless Claims are forecast at 425k vs. 407k.
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