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USD Trading Outlook (15-02-2013)

U.S. Dollar Trading (USD) The USD gained heavily against the Euro but lost ground against the Yen with markets profit taking ahead of the G20 and some Weak European GDP Numbers. Weekly Jobless Claims came in at 341k vs. 360k forecast in a positive sign for the world’s largest economy. Many comments overnight regarding recent the Jawboning from Japan to Norway shows a world on the brink of currency war ahead of the G20. Looking ahead, January Industrial Production forecast at 0.2% vs. 0.3% previously. Also G20 meeting in Russia Begin.

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