USD Trading Outlook (03-12-2010)

U.S. Dollar Trading (USD) the Dollar was under pressure again last night as stock market&rsquo s rallied around the world for a second day. Weekly Jobless Claims jumped to 436k vs. 407k previously but the market was focused on strong performance of European bonds and US home sales data. October Pending Home Sale jumped 10.4% m/m. &nbsp In US stocks, DJIA +106 points closing at 11362, S&amp P +15 points closing at 1221 and NASDAQ +29 points closing at 2579. Looking ahead, November NonFarm Payrolls are forecast at 140k vs. 151k previously. The November Unemployment Rate forecast at 9.6% vs. 9.6% previously.

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