USD Trading Outlook (27-10-2011)
U.S. Dollar Trading (USD) volatility was evident in the market Wednesday before the announcement of a Greek debt deal during the start of the Asian session Thursday sparked a major rally. The response was broadly positive and could be the main story of the rest of day as European and US investors respond. In US stocks, DJIA +162 points closing at 11869, S& P +12 points closing at 1242 and NASDAQ +12 points closing at 2650. Looking ahead, Q3 GDP forecast at 2.5% vs. 1.3% previously.
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