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USD Trading Outlook (10-03-2011)

U.S. Dollar Trading (USD) struggled to find strength for a second day of gains and closed roughly unchanged against most currencies. Oil pulled back on profit taking but remains volatile and closely linked to middle east violence. In US stocks, DJIA -1 points closing at 12213, S&amp P -1 points closing at 1320 and NASDAQ -14 points closing at 2751. Looking ahead, January Trade Balance forecast at forecast at 41.5bn vs. 40.6bn previously. Looking ahead, Weekly Jobless Claims are forecast at 378k vs. 368k previously.

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