USD Trading Outlook (02-06-2011)
U.S. Dollar Trading (US) a shocking ADP jobs report combined with a slump in the US manufacturing ISM to send stocks down over 2%. May ADP private payrolls at 38k vs. 177k previously. May ISM Manufacturing dropped to 53.3 vs. 60.4 previously. In US stocks, DJIA -279 points closing at 12290, S& P -30 points closing at 1314 and NASDAQ -66 points closing at 2769. Looking ahead, Weekly Jobless Claims forecast at 415k vs. 424k previously. Also Weekly Crude inventories forecast at -1.7m vs. 0.6m previously.
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