Foreign Exchange News Wednesday 21st September, 2011

Fx- Foreign Currency Exchange News: Wednesday 21st September, 2011

The GBP/USD has rebounded off of the 1.5655 lows of Tuesday and it was stung enough to send the pair to level above its 1.5705 opening price where it closed at 1.5730 which was 25 pips higher. This positive price action came on the back of strong performances in share markets.

The Asian market has been quiet ahead of the FOMC meeting later today. Many people within the market are expecting some form of “operation twist” and many fx-traders and analysts believe that the Australian Dollar will benefit from aggressive FED action.

It was announced yesterday that Chris Huhne the UK energy secretary is going to be getting tough with major UK energy companies in order to get better energy tariffs for consumers and ease the problem of switching energy providers. Mr. Huhne has also made it clear that he wishes to encourage smaller providers to enter the market.

Yesterday saw Standard & Poor downgrade Italy’s debt rating from A+ to A on weak economic growth with a “Fragile” government and increasing borrowing costs.

EUR The Bearish momentum is expected to continue dragging the prce lower. As long as a key resistance area is located at 107.50/108.00 is not penetrated the long term target will remain at 100.00

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.

Friday 16th September, 2011 Foreign Exchange News

Fx- Foreign Currency Exchange News: Friday 16th September, 2011

As we write the Euro is trading marginally weaker in the area of 1.3862 and this was after it dipped into a session low in 1.3828. Trading movements have been rather slower with investors still taking in the news that the ECB, Federal Reserve, BoE, BoJ and SNB decided to provide dollar funding for the troubled EZ banking system.

Yesterday saw the Chinese officials expressing their willingness to purchase bonds from the heavily indebted European countries today.

The number of Americans claiming unemployment Benefit has jumped u to 428,000 from 417,000 the week before. The forecasted figure was 410,000.

President Obamas American Jobs Act has been rejected by Republicans and this indicates that in the Short Term it will not be accepted by Congress.

Yesterday, saw Japanese stocks advancing forward on Wednesday after Presidents Merkel and Sarkozy said that they are confident Greece will remain in the Eurozone and rumors are growing that China will buy indebted nations bonds.

EUR The EUR/JPY pair is heading towards a resistance area of 107.50/108.00 where contraction is expected to occur. It is thought that the decline may push the price down to the level of 100 within the next three months.

USD Today USD/JPY is expected t o be calm while trading within a corridor that has been create by the initial resistance and support lines located at 77.90 and 76.29 Respectively.

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 FX- Foreign Exchange News Thursday 15th September, 2011

Fx- Foreign Currency Exchange News: Thursday 15th September, 2011

The EUR/USD has continued gaining ground on Wednesday and has extended its correction for a third day and this was largely due to the announcement made by Greek Prime Minister Papandreou stating that the Country will not leave the Euro zone and will fulfill all requirements for the upcoming bailouts. The rate as we write is currently stuck at 1.3740

In the UK, during the month of August the number of people claiming unemployment related benefits in the UK rose by 20.3k which surprised analysts who had been far more pessimistic and had expected a reading of 38.8k.

In Japan the stocks declined on Wednesday and this was after China’s Premier Wen Jiabao denied the rumors that the country will help Europe to resolve the debt crisis.

The Head of the FED has made claims that the current program for economy revival is a therapy rather than a shock treatment. However not may Americans se to have much faith that Obamas and the Fed’s common efforts will result in success.

GBP The GBP/USD is almost unchanged this morning since the Asian session updated. The pair has extended its slide towards 1.5706 and holds the overall bearish bias.

USD This pair is highly expected to contract and reach stong support at 76.25/29. This is likely to hold pressure and commence the recovery of the price which may extend upto 77.98.

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.

Daily Global News Friday 9th September, 2011

Fx- Foreign Currency Exchange News: Friday 9th September, 2011

In Asia the Euro was gaining on the USD at 1.3930. This bullish price action comes in tandem with Asian stocks with the Nikkei now u 0.1% midday.

The Pound has found some support on the Bank of England’s decision of leaving both rates and the facility measures unchanged. The GBP/USD pair soared to an intraday high of 1.6082 but was unable to hold gains and moved back below 1.6000 and as we write it sits at 1.5980.

The number of Americans that are now claiming unemployment benefits has jumped to 414,000 which were up from 412000 the week before. The date is far worse than was initially forecasted. President Obama presented his job revival package yesterday and some experts do expect his plan will accelerate job growth in the near term. He still faces an uphill fight to win over Republicans and restore public faith in his economic stewardship.

In Japan the gross domestic produce (GDP) shrank 0,.5% in April-June from the previous quarter and revised data showed more than the preliminary figure as capital expenditure weakened more than initially estimated in the wake of the march earthquake.

EUR The EUR/JPY support line at 1.7.41 is still in focus as we may expect a small rebound from this level. If this line reverses the current trend resistances at 111/94/85 and 113.10 might come into action.

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.