USD Trading Outlook (28-07-2011)

U.S. Dollar Trading (US) risk aversion and fresh Eurozone debt fears helped the USD gains overnight even with little progress on the US debt ceiling. June Durable Goods fell -2.1% vs. 1.9% previously and added to the bearish sentiment sweeping the markets. In US stocks, DJIA -198 points closing at 12302, S&amp P -27 points closing at 1304 and NASDAQ -75 points closing at 2764. Looking ahead, Weekly Jobless Claims are forecast at 415k vs. 418k previously. Also June Pending home sales forecast at -2% vs. 8.2% previously.

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