USD Trading Outlook (29-03-2011)
U.S. Dollar Trading (USD) with stock markets doing little to open the week the FX market looked to differing central bank outlooks for inspiration. Oil fell back on rebel advancement in Libya and this encouraged a third day of gold profit taking. February Pending Home Sales came in stronger than expected at 2.1% vs. -1% previously. In US stocks, DJIA -22 points closing at 12197, S& P -3 points closing at 1310 and NASDAQ -12 points closing at 2730. Looking ahead, January Case Shiller HPI forecast at -1% m/m.
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