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 [...]
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 Thursday, July 13, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar fell against most of the major currencies due to the FOMC Meeting Minutes, in which members pointed out that if economic growth becomes too slow more stimulus would be needed. Stock Markets closed negative for the [...]
Hello, it’s Tuesday, July 12, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar strengthened against most of the major currencies as stocks and commodities slumped. Stock Markets closed negative for the second day as the Dow fell by 1.20% and the NASDAQ lost 2.00%. Crude oil dropped to its [...]
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, July 06, 2011, and I’m Martin Smith with the daily forex outlook from UFX Markets. The Dollar strengthened against the other major currencies as Moody’s Investors Service cut Portugal’s long-term government bond ratings to junk, causing a mixed market and the Dollar to become attractive as a refuge asset. Wall Street closed [...]