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USD Trading Outlook (11-08-2011)

U.S. Dollar Trading (US) US stocks tumbled 500 points as concerns about French banks led to market wide panic and a reversal of the positive rally the day before. Gold surged to fresh record highs and banking stocks around the world came under heavy pressure. In US stocks on Friday, DJIA -519 points closing at 10719, S&amp P -51 points closing at 1120 and NASDAQ -101 points closing at 2381. Looking ahead, Weekly Jobless Claims forecast at 400k. June Trade Balance forecast at -38bn vs. -50bn previously.

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