Last week the Dollar finished mixed against the majors as investors ignored fundamental guidance in favor of waiting for the bigger picture to become clearer, thereby putting pressure on the Dollar. Generally, economic data and earnings over the past week has not been promising. NASDAQ and Dow Jones rose by 1.05% and 0.99% respectively, crude [...]
Hello, it’s Thursday, July 22, 2010, and I’m Martin Smith with the daily forex outlook from UFX Bank. The Dollar strengthened versus most majors after Federal Reserve Chairman Ben Bernanke said the economic outlook in the U.S., the nation’s largest trading partner, is “unusually uncertain.”, leading investors to sell risky assets and to buy the [...]
The dollar weakened against most other currencies as the Housing Starts came out 0.55M worse than expected 0.57M, but Building Permits came out 0.59M better than expected 0.57M. The Stock Markets turned from a sharp decline to a positive trend with NASDAQ and Dow Jones appreciating 1.1% and 0.74% respectively. Crude rose by 0.9% closing [...]
The dollar traded mixed against the majors and with no significant change with investors seemingly unclear about which way the forex market is going. US Stock Markets did recover a little following yesterday’s losses, with NASDAQ and Dow Jones appreciating 0.88% and 0.56% respectively. Crude rose by 0.7% closing at $76.50 a barrel, but Gold [...]
Hello, it’s Monday July 19, 2010, and I’m Martin Smith with the daily outlook from UFX Bank. The Dollar gained against most of the major currencies as the Michigan Consumer Sentiment Index came out 66.5 worse than the expected 74.5 and pushed investors to seek safety. Crude fell by 0.6% to close at $75.75 a [...]