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USD Trading Outlook (08-07-2011)

U.S. Dollar Trading (US) was able to gain after some strong economic data helped offset the usual &lsquo risk on&rsquo Dollar selling we see when stock markets rally. June Private ADP Jobs Reports surged +157k vs. +68k forecast and bodes well for tonight&rsquo s all important Nonfarm Payroll report. In US stocks, DJIA +93 points closing at 12719, S&amp P +14 points closing at 1353 and NASDAQ +38 points closing at 2872. Looking ahead, June Nonfarm Payrolls forecast at 90k vs. 54k previously. June Unemployment Rate forecast unchanged at 9.1%.

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