USD Consumer Confidence Beats All Expectations

USD Consumer Confidence dramatically eclipsed the forecasted 47.9 by posting 54.1.

The DOW JONES surged to 9610 plus before quickly retracting.

Similarly, the high yielding currencies, EUR and GBP, immediately leaped against the lower yielding USD and YEN before performing a dramatic reversal.

The daily positive tone was also underpinned by the Obama endorsement of Bernanke and the US S&P/Case-Shiller US Home Price Index indicating a slower pace of decline by registering -15.44% against the forecasted -19.8%.