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.

FX-Foreign News Wednesday 1st June, 2011

Fx- Foreign Currency Exchange News:  Wednesday 1^st June, 2011

Yesterday,  saw positive news for the Euro as it traded higher across the board as nerves over Greece began to ease a little.  FX-Traders watched as it hit a three week high against the USD and rose against the pound and the JPY.  It also did well against the regional currencies of Switzerland, Sweden and Norway and this may have been due to the Wall Street Journal report that helped boost sentiment towards the currency.

There is a lot of speculation that the economic data is pointing us towards a further slow down in the US economy and this in turn has sent the USD lower against most of its counterparts overnight in Asia.  FX-traders are waiting to see the manufacturing report and also the US non farm pay rolls from the USA.

The Australian Dollar rose against its rivals today after data showed that the countries economy contracted far less than expected in the first quarter.

Today the European stocks are expected to open slightly higher following increased optimism that Greece will reach a deal for another bailout package.

<strong>EURO: </strong>  As we write the EUR/USD has a 50 point drop off in the market but no catalyst is being seen at this time.

<strong>GBP</strong>  The next 24 hours may be difficult for the GBP/USD as the economic docket is expected to reinforce a weakened outlook for the UK as the economic recovery in Britain cools.

<strong>USD</strong> The USD/JPY opened the Asian trade at 81.50 and went on to make a quick advance to 81.55  before moving to lower levels at below 81.20 and as we write it is currently trading at 81.15 which is 35 pips below its opening price

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 <a href=”../../category/currency-exchange-news/”>global currency exchange</a> 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-<a href=”../../category/currency-exchange-news”>currency exchange</a> cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Foreign Exchange News Wednesday 25th May, 2011

Fx- Foreign Currency Exchange News: Wednesday 25th May, 2011

Fx- Traders have watched as the risk sensitive euro has declined against the USD and the YEN on Wednesday and this was prompted by the market talk about Greece and its debt problems as well as weaker Asian equities and a report of possible large liabilities amongst big US banks for alleged improper foreclosure practices.

The GBP is now little changed against the USD and is higher against the Euro and has the technical edge over the Euro.

FX-dealers are commenting that the Euro could fall to USD 1.400 later today.

Yesterday saw the Australian Dollar fall to its lowest level since Mid April. The AUD was changing hands at USD 1.4050 frown from USD 1.0540 late on Tuesday.

EURO: The Euro was at USD 1.4050 from USD 1.4100 late on Tuesday in New York/

GBP The GBP/USD may be in a consolidative spell as signs of weakness are showing after closing the session 70 pips above its starting price. As we write the pair opened the Asian session at 1.6178.

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 Friday 13th May, 2011

Fx- Foreign Currency Exchange News: Friday 13th May, 2011

Yesterday, FX-Traders saw the Euro extend it’s sharp decline from Wednesday as the European Central Bank maintained a balanced tone in its monthly report and it is thought that the single currency may weaken further as policy makers struggle to contain the sovereign debt crisis.

The GBP failed to maintain its upward trend from earlier this year as the economic data continued to show a slowing recovery in the UK. The Output increased by 0.2% short of the 0.3% advance expected which suggests that the Bank of England has room to keep rates on hold in the near term.

Many of the Foreign Exchange Dealers expect further declines in the Euro even though the pace of decline will be measured with the investors focused on what the European Officials have to say next week.

Today the European stocks are expected to open higher following a positive US close but any gains are likely to be limited due to the ongoing sovereign and global recovery fears.

EURO: The EUR/US has erased earlier declines and has moved into higher ground on the back of much better than expected German GDP

GBP

USD The USD is at JPY 80.85 from JPY80.94 late in New York with its direction coming from the Euros movement