USD Trading Outlook
U.S. Dollar Trading (US) stock markets rallied for the first time in seven sessions with bargain hunters entering the market. April Trade Balance improved sharply to -43.7bn vs. -48bn forecast. Weekly Jobless Claims at 427k vs. 426k previously. In US stocks, DJIA +75 points closing at 12124, S& P +9 points closing at 1289 and NASDAQ +9 points closing at 2684. Looking ahead, May Fed Budget forecast at -140 vs. -40bn previously.
U.S. Dollar Trading (US) stocks continued to edge lower around the world with sentiment remaining weak. The USD was stronger on pullbacks in the Euro but lost ground against the Yen and Oil. With QE3 winding down concerns on the outlook for the US economy still remain and a cautious approach is been practiced by most traders. In US stocks, DJIA -21 points closing at 12048, S& P -5 points closing at 1279 and NASDAQ -26 points closing at 2275. Looking ahead, Weekly Jobless Claims forecast at 415k vs. 422k previously. April Trade Balance forecast at -48.8bn vs. 48.2bn previously.
U.S. Dollar Trading (US) US stocks continued to fall overnight with the weak Jobs data continuing to dampen sentiment. This Dollar gained through safe haven buying with risk assets sold including commodities. Fed Member Fisher commented QE3 would require very high hurdles to activate. In US stocks, DJIA -61 points closing at 12090, S& P -13 points closing at 1286 and NASDAQ -30 points closing at 2702. Looking ahead, FED Chairman Ben Bernanke speaks.
U.S. Dollar Trading (US) US stocks continued to fall overnight with the weak Jobs data continuing to dampen sentiment. This Dollar gained through safe haven buying with risk assets sold including commodities. Fed Member Fisher commented QE3 would require very high hurdles to activate. In US stocks, DJIA -61 points closing at 12090, S& P -13 points closing at 1286 and NASDAQ -30 points closing at 2702. Looking ahead, FED Chairman Ben Bernanke speaks.
U.S. Dollar Trading (US) the May unemployment missed on Friday with +54k vs. +232k previously and the Unemployment rate increasing to 9.1% vs. 9.0% previously. The market initially bought the USD on the back of the weak numbers with stocks slumping but when news of a Greece deal emerged a broad risk rally began in most majors. In US stocks, DJIA -97 points closing at 12151, S& P -12 points closing at 1300 and NASDAQ -40 points closing at 2732.
Go to U.S. Dollar (USD) Archive



