USD Trading Outlook (09-03-2011)
U.S. Dollar Trading (USD) in a rare move the USD strengthened even as Stocks rose around the world after concerns about the Eurozone flared up once again. Oil reversed direction on rumors Gaddafi would step down and OPEC was considering a special meeting. In US stocks, DJIA +124 points closing at 12214, S& P +11 points closing at 1321 and NASDAQ +20 points closing at 2745. Looking ahead, Weekly Crude Oil Inventories forecast at 0.8% vs. -0.4%.
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