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 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 [...]
USD Dollar (USD) The Dollar continued its upper trend and rose to multi-week highs across the board. The US Dollar rallied to its highest level in more than three months on concern Greece\’s debt payments and speculation the global economic rebound will awake. The Initial Jobless Claims came out worse than expected at 480K vs. [...]
USD Dollar (USD) The Dollar gained massively across the board on the day the Federal Reserve decided to leave rates as expected at 0.25%. The Dollar rose after the announcement and continued its gaining after Asia markets opened. Earlier, the Building Permits came out 0.58M better than expected 0.57M. CPI came out unchanged as expected [...]
USD Dollar (USD) The Dollar gained versus 15 of the 16 majors as Industrial Production rose by 0.8% versus 0.6% expected signaling U.S economy is expanding. The FOMC is still expected to keep the Interest Rate today at 0.25% but more economists expect a rate increase to 0.5% until June 2010. PPI came out stronger [...]