Foreign Exchange News Monday 17th October, 2011

Fx- Foreign Currency Exchange News: Monday 18th October, 2011

The GBP/USD opened Monday’s session higher today at 1.5822 which is in line with broad USD weakness, up from 1.5806 closing price. The pair is trading quietly in Asia whilst monitoring the hourly chart shows an increasing bullish momentum.

A Reuter’s economist survey has reveled that the UK has a 33% chance of defaulting within the next 12 months. The economists also believe that several quarters of economic struggle is up ahead. These expectations have been based on a 1% GDP growth forecast in 2012 and 1.3% in 2012.

In the USA retail sales data surprise many analysts by jumping 1.1% in September. They had predicted a 0.5% growth.

In the week ahead investors will be focusing on news coming from Europe as the EU leaders are expected to come up with a solution to tackle the debt crisis.

On a positive note recent than better expected economic data shows the US wil not slide into recession as many consumers shook off concerns abut a weak stock market .

EUR/GBP The resistance zone is situated at 1.5732/86 is thought to be breached soon. The higher area at 1.5912/45 on the other hand should manage to repel the pair and send it lower.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

FX-Foreign Exchange News Thursday 13th October, 2011

Fx- Foreign Currency Exchange News: Thursday 13th October, 2011

This morning as we write the AUD/USD is pulling away from its 1.0230 session high yet still quoted above opening prices and this follows the headlines that say that Australia’s unemployment rate eased to 5.2% in September from 5.3% in August. The cross has now seen a small retreat from the three week highs and is now hovering below the 50 day EMA at 1.070.

The EUR/USD is currently at 1.3795 in Asian Session and has been bouncing from session lows at 1.3762 which is not much change since it reached this same quote in early London session yesterday.

On Wednesday the US Dollar saw its largest daily gain against the Japanese Yen since the 6th of September, climbing to the 77.50 area during the American afternoon from a 2 week session low of 76.30 ending the session at 77.24 which is 60 pips above its opening price.

In the UK Unemployment has peaked to a 17 year high as between June and August the number of unemployed people increased by 114,000 totaling 2.57 million. The Employment Secretary Chris Grayling claimed that this data was a consequence of the global financial crisis.

GBP/USD The Pound rallied sharply on Wednesday and reached the upside target at 1.5790./ FX experts expect this level to hold as the pair is seen as overbought levels on mid-term charts.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Foreign Exchange News Wednesday 12th October, 2011

Fx- Foreign Currency Exchange News: Wednesday 12th October, 2011

This morning the Pounds reversal from Mondays high at 1.5690 extended on early Asian session to 1.5540 low where the pair found support to bounce up as Asian markets picked up and regain daily losses and reaching session highs right above a.5600 ahead of London’s session opening.

There was very little action seen yesterday with the EUR/USD following the overnight developments that the Slovakian Parliament has not yet approved the extension for the EFSF and this in turn has triggered risk aversion trading conditions for the pair. As we write the EUR/USD is slowly creeping higher in Asia and was last at 1.3655 up form 1.3638.

The head of the European Central Bank has said in a speech yesterday that the current crisis in Europe is systemic, and claimed that it should be solved in a decisive manner, He also said that he believed that due to the interconnectivity of the EU financial system that other EU countries are under great risk of becoming victims of debt too. This was Trichet’s last appearance in European Parliament before he retires at the end of October.

In the UK the Institute of Fiscal Studies reported that many of the falling incomes are likely to push the middle income families into the most significant income drop since the 1970’s. It also reported that more than 3.1 million children in the UK will be living in poverty by 2013.

The Australian Dollar/USD is lower this morning in Asia and this is partly driven by the healthy sense of risk aversion amid the ongoing worries over Europe’s sovereign debt crisis and as the US Senates reject Osama’s plan.

EUR The Euro moved higher today breaching the market participants at 104.25 on positive progress over the Greek bail out talks.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Global Foreign Exchange News Monday 10th October, 2011

Fx- Foreign Currency Exchange News: Monday 10th October, 2011

This morning as we write the European shared currency is enjoying a relief rally in Asia as many investors seem to give the EU Leaders another chance of addressing the Euro debt crisis before the worsened situation gets to a point of no return. This move comes after Presidents Merkel and Sarkozy agreed on a deadline of November 3rd to come up with a new rescue package to avoid a failing in the euro zone.

The USD/JPY is trading in a limited range in Asia which is between 76.85 /76.70 and it is unable to break the range established in the past month.

The AUD/USD has pushed to its highest point in today’s Asian session at 0.9845 and as we write the AUD/USD has pulled back slightly and was last quoted at 0.9820, which were 70 pips above its opening price.

Over in the USA the Fed has launched another round of economic stimulation by purchasing long term treasury

EUR The EUR/JPY has found a major support line located at 99.85/100.27 and this is likely to limit any dips.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.