USD Trading Outlook
U.S. Dollar Trading (USD) the mood soured overnight in the US session and into Wednesday’s Asian session as rhetoric of the Greece far left politicians suggested the recent bailouts may be torn up and Greece forced to exit the Eurozone. The EUR/USD has broken below 1.3000 once again and Gold is falling heavily as USD and cash become king. Looking ahead, FOMC Member Pianalto.
U.S. Dollar Trading (USD) the markets were under pressure during the Asian session yesterday but the European traders took the weekend election news with more positively and we saw a short covering rally back to Friday levels on most pairs. Stocks in the US were almost positive by the end of the session as March consumer Credit soared 22.4bn on increasing student and car loans. Looking ahead, May IBD Economic Optimism Indicator previously at 49.3.
U.S. Dollar Trading (USD) the USD was strong against all major except the other safe haven Yen with stock markets crashing on Friday and then again on Monday morning Asia. The main concern on Friday was weaker than expected NonFarm Payrolls from the US in April at +115k vs. 173k forecast. Looking ahead, March Consumer Credit forecast at 9.5bn vs. 8.73bn previously.
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