USD Trading Outlook
U.S. Dollar Trading (USD) strong data and weak commodities sent the Dollar higher across the board. Weekly Jobless Claims dropped to 404k vs. 445k previously. December Home Sales at 5.28m vs. 4.88m previously. In US stocks, DJIA -2 points closing at 11822, S& P -1 points closing at 1280 and NASDAQ -21 points closing at 2704.
U.S. Dollar Trading (USD) some weak earnings results from the closely watched Goldman Sachs sent the markets into a downside bias with commodities and stocks under pressure. December Housing Starts were at 529k vs. 550k expected and Building Permits at 635k vs. 555k forecast. In US stocks, DJIA -12 points closing at 11825, S& P -13 points closing at 1281 and NASDAQ -40 points closing at 2725. Looking ahead, December Housing Sales forecast at 4.85m vs. 4.68m previously. Weekly Jobless Claims are forecast at 420k vs. 445k.
U.S. Dollar Trading (USD) the Dollar remained on the back foot as traders took on more risk after stock markets globally continued their march higher. The Bank of Canada held rates at 1.0% but was quite dovish in the accompanying statement and this caused the CAD to underperform the rest of the market. In US stocks, DJIA +50 points closing at 11837, S& P +1 points closing at 1295 and NASDAQ +10 points closing at 2765. Looking ahead, December Housing Starts are forecast at 0.55mln and December Building Permits are forecast at 0.555mn vs. 0.53mn previously.
U.S. Dollar Trading (USD) risk was off in Asia as China stocks lost 3% on tightening fears allowing the USD to get a bid tone. With the US away Europe dictated action with the Euro under pressure but most other pairs found support. In US stocks, closed for Bank Holiday for Martin Luther King Day. Looking ahead, November Long Term TIC Flows forecast at 40bn vs. 27bn previously. Also ahead, Bank of Canada rate decision forecast at 1%.
U.S. Dollar Trading (USD) mixed US data and a Reserve Ratio Hike from China kept traders on their toes Friday. Stocks were strong although the USD found support after fresh week lows, bouncing back into the US close. December Retail Sales at 0.6% vs. 0.8% forecast. January Consumer Confidence fell to 72.7 vs. 74.5 previously. In US stocks, DJIA +55 points closing at 11787, S& P +9 points closing at 1291 and NASDAQ +20 points closing at 2755. Looking ahead, Bank Holiday for Martin Luther King Day.
Go to U.S. Dollar (USD) Archive



