USD Trading Outlook (04-08-2011)
U.S. Dollar Trading (US) we saw more volatility during the day with heavy stock selling reversed to let US markets finish positive for the first time in 2 weeks. July ISM Services slipped to 52.7 vs. 53.8 previously. ADP Employment at 114k vs. 100k forecast. Sentiment improved in the second half of the session on speculation QE3 is a real possibility. In US stocks, DJIA +29 points closing at 11896, S& P +6 points closing at 1260 and NASDAQ 23 points closing at 2693. Looking ahead, Weekly Jobless Claims are forecast at 405k vs. 398k previously.
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