USD Trading Outlook (28-01-2011)

U.S. Dollar Trading (USD) the dollar was able to fund support overnight after S&amp P downgraded Japan and stock markets stalled. Weekly Jobless Claims were weak jumping to 454k vs. 405k forecast and Durable Goods also fell -2.5% in December. In US stocks, DJIA +4 points closing at 11989, S&amp P +3 points closing at 1299 and NASDAQ +15 points closing at 2755. Looking ahead, Q4 GDP forecast at 3.5% vs. 2.6% previously Q/Q.

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