Hi, I’m Lee Stone and this is your UFX Bank Week in Review. Today, we will cover some of the major financial events of the past week and discuss how they impact the global currency markets. But, before we cover headlines of the week, let’s look at last week’s Risers and Fallers: The Euro/US Dollar [...]
Hello, it’s Wednesday, October 06, 2010, and I’m Martin Smith with the daily outlook from UFX Bank. The dollar fell across the board on speculation that the FED will keep purchases of government debt. U.S. Stock Markets soared with Dow Jones adding 1.8% and NASDAQ rising by 2.36%. Crude jumped by more than 1.5% closing [...]
Hello, it’s Tuesday, September 21, 2010, and I’m Martin Smith with the daily outlook from UFX Bank. The Dollar was mixed against most major currencies as stocks and commodities gained and industry data showed U.S. builder confidence in the market for newly built homes remained at an 18-month low, boosting investor appetite for higher yielding [...]
The Dollar fell against most major currencies as U.S. private employers added more jobs than forecast in August, easing concern that the recovery in the world’s biggest economy is slowing, and boosting risk appetite. Crude oil weakened by 0.6%, closing at $74.60 a barrel, Gold (XAU) declined by 0.2%, closing at $1251 an ounce. There [...]
Hello, it’s Thursday, September 02, 2010, and I’m Martin Smith with the daily outlook from UFX Bank. The Dollar weakened against most major currencies after encouraging global data helped ease concerns over global economic growth. Also the ADP report boosted the stocks and commodities markets, showing that US employers unexpectedly cut 10,000 Jobs instead of [...]
Hello, it’s Wednesday, August 25, 2010, and I’m Martin Smith with the daily forex trading outlook from UFX Bank. The Dollar rose against other major currencies after industry data showed that U.S. existing home sales fell to their lowest level in 15 years (3.83M vs. 4.68M forecast), causing a sell-off of higher yielding assets. Crude [...]