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USD Trading Outlook (01-06-2012)

U.S. Dollar Trading (USD) another trading day in which a small stack rally was reversed and the USD ended strong as we prepare for NFP Friday. The market will be looking to see a bounce in the US jobs in May after two months of weaker than expected numbers. Good numbers today will spark a rally since stock markets have been under pressure for the past two weeks and would welcome positive news. Looking ahead, May NonFarm Payrolls forecast at 150k vs. 115k previously. May ISM Manufacturing is forecast at 53.9 vs. 54.8 previously.

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