Foreign Currency Exchange news Wednesday 5th October, 2011

Fx- Foreign Currency Exchange News: Wednesday 5th October, 2011

FX traders watched as the pound rallied sharply during the final hours of New York trading allowing GBP/USD to open in Asia near session highs at 1.5483 and drift down to lows as far as 1.5410 as the EU concerns persist.

The euro is weaker against the greenback in Asia as the investors revert back to risk aversion in the middle of falling Japanese equities. There is much skepticism over the EU’s ability to protect their banks in a timely manner and reports that German banks will not be able to escape the turmoil spreading through the EU banking sector is taking its toll on the European Single currency.

This morning the Japanese Yen is still under slight pressure in early Asia after it lost ground to the safe haven USD on Tuesday. The USD/JPY bounce was contained again by 77.00 with the pair trading with no changes in its usual 50 pips.

In the USA the economy showed better than expected industrial orders while private spending and wages continued to shrink for the 3rd consecutive month.

EUR The EUR/USD managed to temporarily halt bearish movement and regained some of the losses made previously and rebound from 1.3145.

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 Monday 3rd October, 2011

Fx- Foreign Currency Exchange News: Monday 3rd October, 2011

A fresh range of negative news has hit the European single currency at the Asian opening and is sending the exchange rate against the stronger greenback below 1.3350 which is the lowest level since January 18th. With another negative Greek deficit along with the fact that Germany have ruled out more contributions to the EU bail out fund has yet again placed an overcast on the property of any stabilization within the Eurozone.

The GBP/USD has opened the Asian session at 1.5547 which is 40 pips blow the closing price on Friday. And has been working to recover its downside gap disadvantage in early Asia.

The USD/CHF opened the Asian session with a 40 pip upside gap starting price of 0.9100 which is up from Fridays 0.9061 closing figure. As we write this morning we note that the pair is unmoved from its opening price which is quoted in the 0.9100 area.

FX-traders are speculating that the EUR/USD is likely to trade lower this week as easing down in Asia and Asian equities move back towards the days lows and Standard and Poor’s futures fall back into the red. The pair is currently ranging between 1.3370/1 and 1.3325 last at 1.3330.

EUR The EUR/USD currency pairs seem to be continuously driven by the bearish momentum and this is expected to drag the price even lower than the current support at 1.3300. The EUR/USD is likely to target 1.2860.

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 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.

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.