USD Trading Outlook (31-01-2012)

U.S. Dollar Trading (USD) the mood darkened in Europe and we saw most pairs follow the Euro lower to the benefit of the USD. The biggest concern was the fresh Greece conflict this time between Germany demanding more oversight of the Greece budget and the Greece Fin Min Furious denial of this possibility. The US session saw a late rally off lows and the sentiment in Asia this morning is improving on further. In US stocks, DJIA -6 points closing at 12653, S&P -3 points closing at 1313 and NASDAQ -4 points closing at 2801. Looking ahead, January Chicago PMI forecast at 63 vs. 62.2. January Consumer Confidence forecast 68 vs. 64.5 previously.