USD Trading Outlook (01-04-2011)
U.S. Dollar Trading (USD) stocks ended slightly lower in the US session but commodities were very strong with Oil up above $106 a barrel. Weekly Jobless Claims were consistent at 388k vs. 394k ahead of tonight&rsquo s NFP data. In US stocks, DJIA -30 points closing at 12319, S& P -2 points closing at 1325 and NASDAQ +4 points closing at 2780. Looking ahead, March ISM Manufacturing forecast at 61 vs. 61.4 previously. March Unemployment Rate is forecast at 8.9%. March Non Farm Payrolls forecast at 190k vs. 192k previously.
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