USD Trading Outlook (31-08-2011)
U.S. Dollar Trading (US) stocks finished higher although after hours price action has been weak going into Asia. The main reason for the strong close for US stocks was the FED minutes which showed QE3 or some other easing was on the table even as 3 members voted against using the extended period of low interest rates. In US stocks on Friday, DJIA +20 points closing at 11560, S& P +2 points closing at 1212 and NASDAQ +14 points closing at 2576. Looking ahead, ADP August national Employment 100k vs. 114k previously. August PMI forecast at53.5 vs. 58.8 previously.
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