USD Trading Outlook (04-02-2013)
U.S. Dollar Trading (USD) a mixed NFP report saw 157k vs. 160k forecast jobs created in January but the Unemployment Rate ticked higher to 7.9% vs. 7.8% previously. The market bought into the small dip after the numbers were released after traders looked at the major upward revisions of the previous 2 months of over +130k jobs. US stocks continued to march higher with the widely watched Dow Jones Stock Index breaking above 14000 for the first time in 5 years. Looking ahead, December Factory Orders forecast at 2.3% vs. 0.0% previously.
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