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USD Trading Outlook (18-01-2013)

U.S. Dollar Trading (USD) the Dollar was mixed overnight with stock markets surging to fresh highs after strong Weekly jobs data. Weekly Jobless Claims can in at 336k vs. 371k previously a very large drop historically and a good sign for the US economy. Profit taking in US stocks had limited the rally but overnight we saw the uptrend resume and risk flood back into the market. Looking ahead, January Michigan Consumer Sentiment forecast at 75 vs. 72.9.

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