USD Trading Outlook (30-06-2011)
U.S. Dollar Trading (US) the passing of the much anticipated Greece austerity vote encouraged a further extension of the relief rally seen in most markets in the previous two sessions. May Pending Home Sales rose +8.2% vs. -11.6% previously. In US stocks, DJIA +72 points closing at 12261, S& P +10 points closing at 1307 and NASDAQ +11 points closing at 2740. Looking ahead, Weekly Jobless Claims are forecast at 420k vs. 429k previously. Also released, June Chicago PMI forecast at 54 vs. 56.6 previously.
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