USD Trading Outlook (25-04-2011)
U.S. Dollar Trading (USD) markets spent most of the day consolidating at recent highs. The USD is under heavy selling pressure across the board with Silver and Gold the clearest examples. The FOMC meeting this week is building as a possible game changer with FED Chief Bernanke holding a press conference directly after for the first time. In US stocks, DJIA +53 points closing at 12506, S& P +7 points closing at 1337 and NASDAQ +17 points closing at 2820. Looking ahead, March New Home Sales forecast 280k vs. 250k previously.
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