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USD Trading Outlook (04-05-2011)

U.S. Dollar Trading (USD) had a rare good day with profit taking on most markets sending the USD higher. The main catalyst was the sharp moves lower in Oil and Silver. Stocks we also mildly down and the safe haven USD and Yen benefitted from this. In US stocks, DJIA -0 points closing at 12807, S&amp P -4 points closing at 1356 and NASDAQ -22 points closing at 2841. Looking ahead, April ADP Employment forecast at 198k vs. 201k previously. April ISM Services forecast at 57.4 vs. 57.3 previously.

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