USD Trading Outlook (01-07-2011)
U.S. Dollar Trading (US) stocks markets lurched higher but most FX pairs ran into profit taking at highs and pulled back after large gains in recent sessions. June Chicago PMI jumped to 61.1 vs. 56.6 previously and bucked the recent trend of poorer sentiment surveys. In US stocks, DJIA +152 points closing at 12414, S& P +13 points closing at 1320 and NASDAQ +33 points closing at 2773. Looking ahead, June PMI Manufacturing forecast at 51.8 vs. 53.5 previously.
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