Hello, it’s Monday, October 18, 2010, and I’m Martin Smith with the daily forex outlook from UFX Bank. Friday saw the dollar losing momentum to reach another 10 month low, only to strengthen towards the end of the trading day. Most of the volatility was seen during Bernanke speech where he hinted towards interest rates [...]
Hello, it’s Monday, October 11, 2010, and I’m Martin Smith with the daily forex trading outlook from UFX Bank. The Dollar fluctuated against other major currencies to close at nearly the opening rate after the Non-Farm Payrolls came out -95k worse than the expected 1k, leading some to speculate that the Fed might be buying [...]
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 Monday, October 04, 2010, and I’m Martin Smith with the daily forex trading outlook from UFX Bank. The dollar weakened against most of the major currencies after the ISM Manufacturing PMI came out 54.40 lower than expected 54.50. The core PCE price index came out unchanged at 0.1%. The stock market closed positive [...]
Hello, I’m Martin Smith and this is your UFX Bank Week in Review. Let’s begin today with the week’s Risers and Fallers. The Euro/US Dollar pair traded mostly positive and finished up 1.27 percent for the week, last trading at 1.2895 The British Pound continues to trade mixed against the dollar, and dropped 0.35 percent [...]
Hello, it’s Monday, August 30, 2010, and I’m Martin Smith with the daily forex trading outlook from UFX Bank. The Dollar weakened against most of the majors as an improvement in the market pushed investors towards riskier assets. Crude closed positive for a third day after it soared by 2.8% and closed at $75.53 a [...]