Hello, it’s Tuesday, October 11 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar fell versus most of the major’s counterparts as global stocks advanced, sapping demand for the greenback as a haven and causing investors to prefer higher yielding assets. Wall Street closed positive as the NASDAQ advanced [...]
Hello, it’s Monday 10 October 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar fell versus most of the majors after better than expected Payrolls data lowered risk aversion and caused investors to prefer higher yielding assets. Non-Farms Payrolls came out at 103K an increase of 57K from last [...]
Hello, it’s Thursday, October 06, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar fell against most major currencies as the appetite for riskier assets increased and investors preferred to purchase higher yielding assets over the greenback. ADP Non-Farm Employment Change data came out 91k better than expected 76k, [...]
Hello, it’s Tuesday October 4, 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar strengthened against most of the major currencies as concern about Europe’s debt crisis overshadowed higher-than-estimated U.S. economic data. Treasury bonds rallied as the Federal Reserve bought longer-term debt. At the same time, ISM Manufacturing PMI [...]
Hello, it’s Monday, October 3, 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The US Dollar strengthened against most of the major currencies on concerns global growth is slowing, thus boosting investors’ demand for currencies perceived as being the safest. It is important to notice that the US Dollar rally is [...]
The Dollar declined against the major currencies over optimism that European leaders are close to an agreement to contain the region’s debt crisis, damping demand for refuge. In addition, CB Consumer Confidence came out less than the analysts forecast at 45.4 vs. 46.2, further supporting dollar weakness Dollar. Wall Street closed higher for a third [...]