USD Trading Outlook (10-11-2011)
U.S. Dollar Trading (USD) stocks crashed around in Europe as Italian bond yields broke above the key 7% level and sent panic throughout the markets. US stocks opened down over 200 points and continued to fall finally ending over 3% down. The European debt crisis has taken a serious turn for the worse with many seeing Italy as too big to fail. In US stocks, DJIA -389 points closing at 1780, S&P -46 points closing at 1229 and NASDAQ -105 points closing at 2621. Looking ahead, Jobless Claims forecast at 400k vs. 397k previously. Also Fed Chairman Bernanke Speaks.
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