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USD Trading Outlook (06-02-2013)

U.S. Dollar Trading (USD) the market volatility ratcheted up overnight with the largest drop in stocks since November on Monday just providing better levels for buyers to enter. EUR/JPY and US Stocks rallied aggressively from the European open buoyed by news that BOJ Governor Shirakawa will resign early and news of a leveraged buyout of Dell computers the largest deal in 5 years a sign of optimism in the global economy. Looking ahead, Weekly Crude Oil Inventories forecast at 2.7m vs. 5.9m previously. (Note this the is main weekly data for OIL/USD)

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