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 [...]
Hello, it’s Tuesday, July 05, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. With US markets closed for Independence Day, the dollar traded almost unchanged against the majors. Crude oil remained virtually unchanged, closing at around $95 a barrel. Gold (XAU) closed the gap from Friday and climbed back to $1497 [...]
Hello, it’s Monday, July 04, 2011, and I’m Martin Smith with the daily forex trading outlook from UFX Markets. The Dollar weakened against most of the majors on low volatile trading Friday. ISM Manufacturing PMI came out 55.3 better than expected 51.5. Stock Markets in U.S closed positive as the Dow Jones jumped by 1.36% [...]
Hello, it’s Thursday, June 30, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The Dollar weakened against most major currencies as Greece’s parliament approved a five- year austerity plan designed to avert the euro zone’s first sovereign debt default. Pending Home Sales came out better than expected at 8.2% vs. 2.4% [...]
Hello, it’s Wednesday, June 29, 2011, and I’m Martin Smith with the daily forex outlook from UFX Markets. The dollar declined against most of the major currencies y amid demand for higher-yielding assets. Also, optimism that European nations will take action to prevent a Greek default didn’t provide sufficient reason for investors to buy the [...]
Hello, it’s Tuesday, June 28, 2011, and I’m Martin Smith with the daily outlook from UFX Markets. The dollar declined against most of the major currencies amidst speculation over Greece’s lawmakers to approve austerity measures. Stock Markets closed positive breaking a three-day losing streak as the Dow Jones rose by 0.91% and the NASDAQ gained [...]