USD Trading Outlook (14-01-2011)
U.S. Dollar Trading (USD) in a big data day the Dollar was under heavy pressure as the Euro dragged all pairs higher against the world&rsquo s number one reserve currency. Weekly jobless Claims jumped to 445k vs. 405k forecast and prompted profit taking on equities. In US stocks, DJIA -23 points closing at 11731, S& P -2 points closing at 1283 and NASDAQ -2 points closing at 2735. Looking ahead, December Retail Sale sales are forecast at 0.8% vs. 0.8% previously. January UoM Consumer Confidence is forecast at 75.4 vs. 74.5 previously.
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