USD Trading Outlook (27-12-2011)
U.S. Dollar Trading (USD) thin markets meant there was very little movement for the whole day with 30 pip ranges in nearly all the major trading pairs. US Stocks and Commodities opened up today so expect there to be more movement and fresh direction. Focus remains on Europe but also on US economic data tonight. In US stocks, closed for Bank Holiday. Looking ahead, October Case Shiller forecast at -0.4% vs. -0.6% previously m/m.
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