Hello, it’s Thursday, July 21, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar fell across the board after disappointing data on Existing Home Sales came out 4.77M worse than the expected 4.92M. Uncertainty over the US debt ceiling still hovers over the market and halts optimism among investors. Stock [...]
Daily Forex Review Hello, it’s Wednesday, July 20, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar fell against most of the major currencies as President Barack Obama endorsed a $3.7 trillion debt-cutting plan that would combine tax increases and spending cuts, saying it could end a congressional deadlock over [...]
Hello, it’s Thursday, July 14, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The Dollar weakened against all the other currencies as Federal Reserve Chairman Ben S. Bernanke said policy makers will provide economic stimulus if needed The Federal Budget Balance came out better than expected, -43.1B vs. -68.0B forecast. Wall [...]
Hello, it’s Monday, July 11, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar traded mixed against most of the major currencies due to a decline in risk appetite among investors and negative economic data. The Non-Farm Payrolls grew at their slowest pace in nine months as unemployment rate rose [...]
Hello, it’s Wednesday, October 20, 2010, and I’m Martin Smith with the daily forex trading outlook from UFX Bank. The Dollar gained against most of the majors as China unexpectedly raised interest rates over concern that global economic growth is spurring demand for safer currencies. Stock Markets in the U.S. closed negative with the Dow [...]
The Dollar strengthened slightly against most of the major currencies. Industrial production came out as expected with no change at -0.2%. The NASDAQ and Dow Jones advanced by 0.73% and 0.48% respectively. Crude was up by 2.3% to close at $83 a barrel, and Gold (XAU) increased by 10 cents , closing at $1372.00 an [...]