Foreign Exchange News Monday 13th June, 2011

Fx- Foreign Currency Exchange News: Monday 13th June, 2011

Overnight New Zealand has been hit by a 5.5 magnitude earthquake which was felt as far as Dunedin. It was said to be just as powerful as the last earthquake on February 22nd but not as long in duration. This has immediately dragged the New Zealand dollar lower as productivity concerns pending damage shattered the confidence in the economy.

Overnight in Asia the USD is slightly firmer against the JPY but is it highly likely that the USD and the Euro will be pressured lower this week as the global slowdown concerns and Greek debt problems encourage investors to head for safe haven funds.

The Euro stabilized after the single currency posted its heavies one day sell off in a month on Friday as investors headed for the safe haven dollar as the fear continue about the Greek debt crisis.

Following the losses on Wall Street on Friday and in the Asian markets the European stock markets are expected to open slightly lower. There are still ongoing worries about the global economic recovery

EURO Trading overnight has been very quiet early in the session and conditions reported as thin. President Trichet is expected to speak at 1.00 today

GBP The UK pound was at USD 1.6227 from USD 1.6223.

USD The USD/CHF is climbing for the third day and the next resistance will be at 0.8540.

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 13th June, 2011

Fx- Foreign Currency Exchange News: Monday 13th June, 2011

Overnight New Zealand has been hit by a 5.5 magnitude earthquake which was felt as far as Dunedin. It was said to be just as powerful as the last earthquake on February 22nd but not as long in duration. This has immediately dragged the New Zealand dollar lower as productivity concerns pending damage shattered the confidence in the economy.

Overnight in Asia the USD is slightly firmer against the JPY but is it highly likely that the USD and the Euro will be pressured lower this week as the global slowdown concerns and Greek debt problems encourage investors to head for safe haven funds.

The Euro stabilized after the single currency posted its heavies one day sell off in a month on Friday as investors headed for the safe haven dollar as the fear continue about the Greek debt crisis.

Following the losses on Wall Street on Friday and in the Asian markets the European stock markets are expected to open slightly lower. There are still ongoing worries about the global economic recovery

EURO: Trading overnight has been very quiet early in the session and conditions reported as thin. President Trichet is expected to speak at 1.00 today

GBP: The UK pound was at USD 1.6227 from USD 1.6223.

USD The USD/CHF is climbing for the third day and the next resistance will be at 0.8540.

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 FX News Friday 10th June, 2011

Fx- Foreign Currency Exchange News: Friday 10th June, 2011

FX-traders have watched the signs and it seems that the Chinese trade balance may be shrinking as exports slow down from the previous year. The Chinese trade balance for May did not beat expectations as the global economy slowed down but there was a better than expected growth that showed that China was continuing to import which in turn has driven up the Australian and New Zealand Dollar which is the currencies of two of China’s largest raw material suppliers.

Yesterday the European Central Bank had a press conference and the President Jean-Claude Trichet signaled that an increase in the Banks official interest rates next month. However, he also said that the ECB will continue to maintain its policy of lendings as much as banks want through regular refinancing operations for at least another three months.

Overnight in Asian reading the USD fell against the Yen as investors expected the US consumer spending to remain lackluster for the time being which would reduce the likelihood of a rise in US interest rates.

The weaker than forecasted Chinese trade data may cause the European stocks to open slightly lower on Friday.

EURO: The EUR/USD falls to a USD 1.4465 as some European investors trigger stop loss selling orders at USD 1.4487.

GBP: The GBP/USD was at 1.6400 and advanced into levels above 1.6460 to peak at 1.6464 it was then rejected at this level and dropped sharply to below 1.636.

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-Daily News Thursday 9th June, 2011

Fx- Foreign Currency Exchange News: Thursday 9th June, 2011

The Australian Dollar has been hit by huge selling pressure as the Job results were very poor and only added 7.8k new jobs in May which was far lower than the 25,000 jobs expected.

Yesterday saw the sterling plunge to a one month low against the Euro and fell around 0.3% against the USD. The Bank of England monetary policy announcement is due later today.

Overnight the USD/JPY opened the Asian at 79.86 and is now hitting new session highs above 80.15due to a change in the short term sentiment after weaker than expected Japanese Q! GDP numbers.

With the crisis brewing, many FX traders and investors are worried that the European Central Bank might take a less strident tone than had been expected with the issue of lowering inflation. The bank is unlikely to increase any of the key rates at its meeting on Thursday but it is thought that a rate hike in July will be hinted at.

With all of the rate decisions due to day it is thought that the European stocks will open lower.

EURO: The Euro rose against the dollar and the Yen overnight in Asia due to the speculation that the European Central Bank will signal a near term rate hike later in the global day.

GBP Trading between GBP/USD is quite muted this morning as the Bank of England rate decision is due today at 11.00pm.

USD At the time of writing the USD/JPY is hovering in the 80.10 zone which is around 25 pips above its opening price after finding intraday resistance at 80.19 which was a new session high.

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.