USD Trading Outlook (15-06-2011)
U.S. Dollar Trading (US) sentiment improved in Asia with stronger than expected Chinese data and a rally in Japanese Stocks helping start a Global rally. US S& P 500 rallied the most in 2 months with US May Retail Sales better than forecast at -0.2% vs. -0.4% expected. May PPI increased 0.2% ahead of tonight&rsquo s very important CPI Numbers. In US stocks, DJ +123 points closing at 12076, S& P +16 points closing at 1287 and NASDAQ +39 points closing at 2639. Looking ahead, May CPI forecast at 0.1% vs. 04% previously.
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