USD Trading Outlook (20-01-2012)
U.S. Dollar Trading (USD) banks led global stock markets higher as the European debt crisis continued to show signs of easing after solid Auctions in 10yr Spanish and French bonds overnight. US data also underpinned the move higher with the weekly Jobless claims falling 50k to 352k in a widely noticed improvement in the US Job market. In US stocks, DJIA +45 points closing at 12624, S&P +6 points closing at 1314 and NASDAQ +18 points closing at 2788. Looking ahead, December Existing Home Sales forecast at 4.65mn vs. 4.42mn previously.
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