USD Trading Outlook (12-08-2011)
U.S. Dollar Trading (US) sentiment turned positive and global markets enjoyed a sharp rally which began in Asia and ended with US stocks up over 4%. Weekly Jobless Claims improved to 395k vs. 402k previously. June Trade Balance widened to -53bn vs. -48bn forecast. In US stocks on Friday, DJIA +423 points closing at 11143, S& P +51 points closing at 1172 and NASDAQ +111 points closing at 2492. Looking ahead, July Retail Sales forecast at 0.5% vs. 0.1%.
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