Daily FX-Foreign Exchange News Thursday 17th February, 2011

Global Fx- Foreign Currency Exchange News: 17th February, 2011

Foreign Exchange Traders watched as the USD gained against the Euro yesterday after strong positive data was given with regard to the US housing market which has in turn led to some optimism with regard to the US recovery.

We also saw the GBP Plunge yesterday after the Bank of England’s latest inflation reports and very discouraging labor market data which has in turn thrown cold water on the notion of rate increases in May. The inflation has jumped to 4% in January which is double the Bank of England’s target of 2%

Today will see more high profile earning reports being released and more economic data and it is expected that the European Stocks will open slightly flat and FX investors take a breather

Euro: The EUR/USD After an early spike that led EUR/USD toward a fresh 4−day high at 1.3609, the pair has retreated back to the 1.3570 zone, right where it started Thursday.

GBP The GBP/USD is today trading sideways at around 1.6100 as fx-traders take in the inflation news of yesterday.

USD The USD/CHF extends underneath0.9600 today following a swing from a daily high of 0.9740.

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 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 Foreign Exchange News

Daily Global Fx- Foreign Currency Exchange News: 1st February, 2011

FX Traders watched yesterday as the European stock markets remained weak and this was largely due to the ongoing political tension in the Middle East and North Africa. The markets did recover slightly and some investors were tempted in at the lower levels. We will watch and see what the mass protests due to attract over 1 million people to Cairo bring today.

Overnight the Australian Dollar has traded at its highest level for more than a week and the Countries Central Bank have decided to keep rates steady at the moment but more rate hikes are highly likely.

Global Market Traders also see the GBP going higher than the USD and this is mainly due to the speculation that the Bank of England could tighten policies. This could in turn affect the economy and that could keep a lid on the pound.

Euro: The EUR/USD is heading higher and is at the time of writing 1.3700. The pair has managed to erase last Friday’s losses.

Pound: The Pound has gone to a 10 week high against the USD at 1.6070 and this in turn has given it further strength to trigger large stop losses.

USD Earlier this morning the USD/JPY was at 81.93 from JPY82.04

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our speciality 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

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-ForeignExchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Global Currency Market News

Daily Fx- Foreign Currency Exchange News: 18th January, 2011

Global FX Traders are today reporting positive news on the gbp which is heading higher in the earlier hours during the Asian session and this has been strengthened by the reports that customer confidence is returning in the housing market. It is still a busy week for the GBP with data due to be released on inflation and unemployment, retail sales and public finance data! Speculation is alsorife that the Bank of England could hike rates in mid 2011 due to inflationary risk increases.

Yesterday saw the Euro slighlty lower across the board in European trading hours with market traders cautious ahead of the meeting with euro zone finance ministers in Brussels. The European stock are expected to open slightly higher today and this is due to positive leads from Asia. Gains are likely to be limited as FX-traders and investors wait for key economic data.

Euro: The EUR/USD is mainly weaker against the majors as Europe enters the fray and the euro is catching some fresh bids.

Pound: The GBP/USD can now see that the 1.6000 mark is on the horizon as the pound opens to positive overnight date.

US Dollar: Overnight we have seen the USD slip back in the second half of Asian trading despite starting firm. it is sitting at 79.10 as we write.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our speciality 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

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-ForeignExchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Foreign Currency Exchange News

Daily Fx- Foreign Currency Exchange News: 2nd December, 2010

This morning FX-traders think that the European stock markets are expected to open higher this morning due to the strong Economic date from America and the fact that new measures with regard to the euro zone debt crisis are to be announced later today. Around the world the Australian dollar ended well below its intraday high and it is thought that this is due a drop in October retail sales which could in turn lead to interest rate hikes being on hold well into 2011.

Euro: The EUR/ISD has been pressured towards the 1.3100 area overnight in Asia. It lost more than 50 pips and reached a low of 1.3087 and then has recently bounced slightly.

Pound: Today the GBP is likely to continue trading within its range until the European Central Bank results are released.

US Dollar: The dollar was overnight at JPY 84.08 from JPY 84.19. All eyes are on the US jobs data which is due later ion the day.

We report on the current currency exchange movements and offer our clients the very best currency exchange rates available. Our speciality 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 currency exchange rates available today through FX-ForeignExchange,0044 (01480)458400

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-ForeignExchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.