USD Trading Outlook (29-08-2012)
U.S. Dollar Trading (USD) with little movement in stocks, traders used headlines from Europe for most of the day’s movement. EU President Van Rompuy backed the ECB and reiterated that the EU was ready to act on Spain’s Bank Sector but no additional Aid had been requested. US data was mixed with June Case Shiller House Price Index forecast at +0.5% vs. -0.1% previously. Looking ahead, July Pending Home Sales forecast at 1% vs. -1.4% previously. Q2 GDP forecast at 1.7% vs. 1.5% previously.
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