USD Trading Outlook (13-01-2011)
U.S. Dollar Trading (USD) stocks and commodities surged putting the USD on the back foot and risk back on around the world. The FED Beige book showed positive signs with all districts showing improvement in the US. In US stocks, DJIA +83 points closing at 11755, S& P +11 points closing at 1286 and NASDAQ +20 points closing at 2737. Looking ahead, Weekly Jobless Claims are forecast at 405k vs. 409k previously. Also released, November Trade Balance forecast at -40.5bn vs. -38.7bn previously.
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