USD Trading Outlook (24-06-2011)
U.S. Dollar Trading (US) markets continued to be very volatile in the face of plummeting Oil and fresh doubts on the health of Chinese and US economies. Oil fell below $90 a barrel at one point as the IEA stated they would release an extra 60 million barrels of Oil onto the market to help counter disruptions from the Libyan conflict. In US stocks, DJIA -59   points closing at 12050, S& P -3 points closing at 1283 and NASDAQ +17 points closing at 2686. Looking ahead, Q1 GDP Final forecast at 1.0% vs. 1.8% previously. Also released, May Durable Goods Orders forecast at 1.5% vs. -3.6%.
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