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USD Trading Outlook (20-01-2011)

U.S. Dollar Trading (USD) some weak earnings results from the closely watched Goldman Sachs sent the markets into a downside bias with commodities and stocks under pressure. December Housing Starts were at 529k vs. 550k expected and Building Permits at 635k vs. 555k forecast. In US stocks, DJIA -12 points closing at 11825, S&amp P -13 points closing at 1281 and NASDAQ -40 points closing at 2725. Looking ahead, December Housing Sales forecast at 4.85m vs. 4.68m previously. Weekly Jobless Claims are forecast at 420k vs. 445k.

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