USD Trading Outlook (07-11-2011)
U.S. Dollar Trading (USD) some volatile trading post NFP on Friday with the mixed numbers leading to selling as the market was caught long. October Non Farm Payrolls came in at 80k vs. 95k forecast but this miss was offset by a revision higher of last month’s figures. The negative feel in the market was added to by the lack of any meaningful resolution out of the G20 which completed its 2 day meeting on Friday. In US stocks, DJIA -61 points closing at 11983, S&P -7 points closing at 1253 and NASDAQ -11 points closing at 2686.
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