USD Trading Outlook (26-04-2011)
U.S. Dollar Trading (USD) the market continued with thin holiday trading but found itself under profit taking flows with the lack of fresh news. Also adding to the profit taking is the FOMC meeting on Wednesday in the US session with speculation the FED may change its tone slightly. In US stocks, DJIA -26 points closing at 12479, S& P -2 points closing at 1335 and NASDAQ +5 points closing at 2825. Looking ahead, Febraury Case Shiller forecast at -1% vs. -1%.
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