USD Trading Outlook (08-09-2011)
U.S. Dollar Trading (US) sentiment improved in Europe overnight sparking a major rally in global stocks. The German Constitutional court ruled Germany&rsquo s participation in the EU bailout was not unconstitutional. Also helping the markets rally is the increasing consensus the US FED will announce new easing measures to help stimulate the faltering recovery. In US stocks, DJIA +275 points closing at 11414, S& P +33 points closing at 1198 and NASDAQ +75 points closing at 2548. Looking ahead, Weekly Jobless Claims forecast at 405k vs. 409k previously.
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