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USD Trading Outlook (26-07-2012)

U.S. Dollar Trading (USD) stocks around the world enjoyed a solid relief rally overnight and EUR/USD sellers booked profit on short trades leading to USD weakness across the board. Weak June Home Sales at 350k vs. 369k previously added to mounting speculation the FED will move sooner than later to help the US economy. Looking ahead, Weekly Jobless Claims forecast at 380k vs. 386k previously. Also June Durable Goods Orders forecast at 0.4% vs. 1.3% previously.

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