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USD Trading Outlook (17-10-2012)

U.S. Dollar Trading (USD) heavy gains in the stock markets in every session yesterday saw the USD sold with demand for riskier assets hurting the safer haven. September Industrial Output increased 0.4% vs. 0.2% previously. There is a lot of event risk on Thursday with the EU summit beginning and Chinese GDP for Q3 being released. Looking ahead, September Housing Starts forecast at 0.77mn vs. 0.85mn previously. Also Weekly Crude Oil Claims forecast at 1.4mn vs. 1.7mn previously.

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