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USD Trading Outlook (19-12-2011)

U.S. Dollar Trading (USD) stocks went up but finished unchanged overnight with a small rally undone in late hours. Some ratings downgrades in Europe continued to put a dampener on the whole market. US Inflation was slightly lower than expected at 0.0% m/m in November. In US stocks, DJIA -2 points closing at 11866, S&P +3 points closing at 1219 and NASDAQ +14 points closing at 2555. Looking ahead, December NAHB Housing Market Index forecast at 20 vs. 20 previously.

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