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USD Trading Outlook (10-06-2011)

U.S. Dollar Trading (US) stock markets rallied for the first time in seven sessions with bargain hunters entering the market. April Trade Balance improved sharply to -43.7bn vs. -48bn forecast. Weekly Jobless Claims at 427k vs. 426k previously. In US stocks, DJIA +75 points closing at 12124, S&amp P +9 points closing at 1289 and NASDAQ +9 points closing at 2684. Looking ahead, May Fed Budget forecast at -140 vs. -40bn previously.

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