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USD Trading Outlook (04-02-2011)

U.S. Dollar Trading (USD) was mixed enjoying strong gains against the Euro but fairly unchanged against other pairs. Weekly Jobless Claims were strong at 415k vs. 454k previously. Also Strong ISM Services Survey improved to 59.4 vs. 57.1 previously. In US stocks, DJIA +20 points closing at 12062, S&amp P +3 points closing at 1307 and NASDAQ +4 points closing at 2753. Looking ahead, January Non Farm Payrolls forecast at 145k vs. 103k previously.

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