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Video November 3, 2014 | Forex Currency Strength | Daily Briefing | USD,AUD,GBP,JPY,NZD,EUR (Finding work from home callander)

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Hello, it’s Thursday, July 07, 2011, and I’m Martin Smith with the daily outlook
from UFX Markets. The Dollar strengthened against most major
currencies as Europe’s sovereign debt crisis and China’s decision to increase interest
rates spurred demand for a refuge. Wall Street closed positive as NASDAQ advanced by 0.29%
and Dow Jones by 0.45% respectively. Crude oil weakened by 0.2%, closing at .71 a
barrel. Gold (XAU) increased by 1.1%, closing at 29.10 an ounce. Today, ADP Non Farm
Employment Change is expected to rise from 38K to 60K, and Unemployment Claims i expected
at 420K vs. last week’s figure of 428K. The Euro fell against the Dollar for a third
day after Portugal became the second nation in the currency region after Greece to receive
a junk credit rating from Moody’s Investors Service. The EUR/USD’s momentum is still
bearish as long as the Euro is trading below 1.4400. Next support on the one-hour chart
is at 1.4280, with the moving average indicators supporting a negative momentum. Overall, EUR/USD
traded with a low of 1.4286 and a high of 1.4466. Today, the interest rate decision
is expected to increase from 1.25% to 1.50%. The Pound extended losses against the Dollar
after a surprise Chinese

rate hike, while renewed concerns over the euro zone’s sovereign
debt crisis also weighed. As long as the GBPUSD is trading below 1.6040 the pound is on a
negative trend and could decline to 1.5900 or even less. Overall, GBP/USD traded with
a low of 1.5947 and a high of 1.6090. Today, the interest rate decision is expected to
remain unchanged at 0.50%. The Yen strengthened versus the Dollar as
the Non-Manufacturing Index dropped to 53.3 last month from 54.6 in May. The USD/JPY is
still struggling at 81.00-81.20 levels. Only if the pair breaks below 80.30 will the yen
attract investors again. Overall, USD/JPY traded with a low of 80.77 and a high of 81.10.
No economic data is expected today. The Canadian Dollar weakened versus the Dollar,
touching its lowest level in almost a week after the Chinese government increased interest
rates to cool its economy, sapping demand for higher yielding currencies. Next resistance
level on the one-hour chart is at 0.9700. Overall, USD/CAD traded with a low of 0.9614
and a high of 0.9694.
Well, that’s all for today. Be sure to visit us at UFXMarkets.com, your source for online
trading�

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