USD Trading Outlook (25-01-2013)
U.S. Dollar Trading (USD) US stocks continued their rally extending to fresh 5 year highs with all time highs on the horizon. Adding to optimism was a drop in US initial Jobless Claims to 330k vs. 360k forecast. US 10yr Bond Yields increased to 1.85% and has a direct correlation with the USD and the USD/JPY in particular. Indeed most of the USD buying was done against the Yen overnight. Looking ahead, US New Home Sales forecast at 387k vs. 377k previously.
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