USD Trading Outlook
U.S. Dollar Trading (USD) had a volatile and mixed trading session in thin liquidity with year end flows dominating and often confusing traders. Normal relationships broke down with GBP falling whilst the Euro rallied and the Aussie came under broad profit taking pressure. Weekly Jobless Claims fell below 400k to 388k in promising signs that the US job market was picking up. In US stocks, DJIA -15 points closing at 11569, S& P -2 points closing at 1257 and NASDAQ -4 points closing at 2662.
U.S. Dollar Trading (USD) was weak for most of the day before a sharp reversal in the US session saw the Greenback gaining across the board. Stock are remaining Buyout especially energy stocks as Oil trades above $91 a barrel. In US stocks, DJIA +20 points closing at 11575, S& P +1 points closing at 1258 and NASDAQ -4 points closing at 2661. Looking Ahead, Weekly Mortgage data released.
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