USD Trading Outlook (25-10-2011)
U.S. Dollar Trading (USD) the markets extended gains overnight with improving investor sentiment after positive EU developments and more talk of QE3 from NY FED&rsquo s Dudley. Earlier in Asia we saw the China PMI come in strong at 51.1 vs. 49.9 previously and this added fuel to the equity rally globally. In US stocks, DJIA +104 points closing at 11913, S& P +15 points closing at 1254 and NASDAQ +61 points closing at 2699. Looking ahead, August Case Shiller forecast at 0.4% vs. 0.9% previously.
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