EUR Trading Outlook (23-02-2012)
The Euro (EUR) EUR/USD kept to a 50 point range in quiet trade with little direction and mixed headlines out of Europe. With stocks up and down and the Greece saga settling down traders took a break from the single currency. In US stocks, DJIA -27 points closing at 12938, S&P -4 points closing at 1344 and NASDAQ -15 points closing at 2933. Looking ahead, Weekly Jobless Claims forecast 354k vs. 348k previously. Crude Oil Inventories forecast at 0.9mln vs. -0.2mln previously.
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