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 [...]
USD Dollar (USD) – The US Dollar declined against the major currencies amid optimism that European leaders are close to an agreement to contain the region’s debt crisis, damping demand for a refuge currency. In addition, the CB Consumer Confidence came out less than forecasted at 45.4 vs. 46.2 supporting a weak Dollar. Wall Street [...]
The Dollar weakened for the first time in four days against the other major currencies amid speculation that European leaders will do what is necessary to stem the region’s sovereign debt crisis. In addition, New Homes Sales data fell to six-month low, 295K vs. 302K leading investors to prefer other assets. Wall Street closed bullish [...]
Hello, it’s Monday, September 26, 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The Dollar continued with its bullish trend against the other major currencies as the Fed said they saw “significant downside risks” to the U.S. economy, and the European debt crisis continued to be at the top of the [...]
Hello, it’s Wednesday 21 September 2011 and I’m Martin Smith with the daily outlook from UFX Markets. The Dollar fell against the other major currencies as investors are expecting the Fed to offer a new plan for helping the US economy. Wall Street closed mixed as the NASDAQ fell by 0.86% and the Dow rose [...]