USD Trading Outlook (10-02-2011)
U.S. Dollar Trading (USD) Fed Chief Bernanke&rsquo s Speech before lawmakers offered little new to the outlook for US monetary policy with his concerns about the US unemployment situation still remaining his major focus. US stocks fell back in a slight profit taking session. In US stocks, DJIA +6 points closing at 12239, S& P -3 points closing at 1320 and NASDAQ -7 points closing at 2790. Looking ahead, Weekly Jobless Claims forecast at 410k vs. 415k previously.
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