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USD Trading Outlook (11-03-2011)

U.S. Dollar Trading (USD) heavy stock market losses helped the Dollar to safe haven strength across the board. Weekly Jobless Claims disappointed at 397k vs. 369k previously. Oil fell back on heavy profit taking but spiked higher near the US close on rumors of Saudi unrest. In US stocks, DJIA -228 points closing at 12213, S&amp P -24 points closing at 1295 and NASDAQ -50 points closing at 2701. Looking ahead, February Retail Sales forecast at 1 % vs. 0.3% previously.

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