USD Trading Outlook (26-05-2011)
U.S. Dollar Trading (US) stock markets rebounded and commodities added to Tuesday& rsquo s gains even with weak US data. April Durable Goods fell -3.6% vs. +4.1% previously. The Dollar gave up most of the week& rsquo s gains except against the Yen. In US stocks, DJIA +36 points closing at 12394, S& P +4 points closing at 1320 and NASDAQ +20 points closing at 2746. Looking ahead, Weekly Jobless Claims are forecast at 400k vs. 409k previously. Q1 GDP forecast at 2.1% vs. 1.8% previously.
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