FX Global News Tuesday 14th June, 2011

Fx- Foreign Currency Exchange News: Tuesday 14th June, 2011

Overnight in Asia the Euro has rose against the JPY as China’s softer than expected inflation data and the Bank of Japans comments that indicated that they had not ruled out further easing and this has prompted some investors to stock up on high yielding riskier assets.

The GBP came out stronger yesterday with the weaker Euro prompting investors to move assets into Sterling overnight. The Bank of England also released it quarterly bulletin which indicated potential interest rate rises before the year end.

Today sees the release of US retail sales date for May and Economists think it will show sales falling by about 0.5%

The stocks in Europe are expected to open higher today supported by stronger Asian trade overnight.

EURO: The EUR/JPY opened the Asian trade at 115.62 and went onto dip into the 115.25 zone and then bounced to reach fresh session highs of 115.89.

GBP Overnight the GBP/USD extends its recovery from a two week low around 1.6220 jumping off support at 1.6360 0ver Asia to reach a daily high of 1.6427.

USD The USD/JPY is still trading in limited daily ranges with the pairs bearish tone persists despite mostly flat indicators.

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 8th June, 2011

Fx- Foreign Currency Exchange News: Wednesday 8th June, 2011

The EUR/USD has soared just below the 1.4700 with the bullish tone in the pair earlier in Asia are quite firm. As we write the pair is going through a minor pullback as it goes to a session low of 1.4675.

Yesterday, fx traders saw the Euro advance to a fresh monthly high of USD 1.4680 but it is thought that the single currency may struggle to maintain the rebound carried over from the previous month as the European Central Bank looks to carry its wait and see approach in the second half of the year.

Overnight the USD has sank to a fresh one month low against the JPY with concerns about the US economy prompting the traders to sell the USD and the Euro for the JPY to reduce risks.

Tomorrow will see the European Central Bank meeting on Thursday and President Trichet is expected to indicate that the ECB could raise rates in the coming months or even as early as next month.

EURO: The EUR/CHF is showing little reaction to the strong Swiss labor data and was down less than 10 pips.

GBP The GBP rose this morning against the USD and the JPY but fell against the Euro as investors risk appetite gained on signals that a credit crisis may be diverted in the Euro zone.

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 27th May, 2011

Fx- Foreign Currency Exchange News: Friday 27th, 2011

Yesterday saw the Canadian Dollar weaken as the first US gross domestic product and unemployment data indicated slower growth in the US which is the world’s largest economy and Canada’s biggest trading partner.

Overnight the GBP has been going thru a strong rally during the last three days and has come up from Tuesdays low at 1.6055 to break above has extended above 1.6400 on Friday’s Asian session and has reached fresh two week highs at 1.6450.

Overnight FX-traders watched as the USD extended losses overnight against major currencies in Asia as the dwindling US economic data and the falls in Treasury Yields prodded traders to shun the USD and then sent it to an all time low against the Swiss Franc

EURO: We are seeing trade between EUR/USD get quieter dramatically ahead of the holiday weekend and thinned liquidity.

GBP The GBP has gained against both the USD and the EUR on the disappointing economic news from both the US and the Euro zone. A repost has also shown that a house price increased by 0.1% after the previous months 0.2% contraction and this has helped the GBP.

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-Global News Thursday 12th May, 2011

Fx- Foreign Currency Exchange News: Wednesday 12th, 2011

Yesterday, saw the Euro fall to fresh session lows against the USD as worries weigh heavily on the single currency. But overnight in Asian trading it firmed against the USD and the JPY as a gain in the oil future prices dropped overnight and allowed traders to trim short positions in the single currency.

This morning sees the Pound Sterling at a six week high against the Euro after the BOE signaled that even though the outlook for British economic growth has weakened they see inflation markedly higher in the near term.

The Australian Dollar declined yesterday as employment data in the Country came in far less than market expectation. Earlier today it was changing hands at USD 1.0621 which was down from USD 1.0860 late Wednesday.

The European Stocks are expected to open lower this morning as did US and Asia after a heavy sell off in energy and metal during US trading and with concerns still hanging heavy with regard to the European Sovereign Debt.

EURO: The EUR.USD has erased its overnight gains and is trading flat with the downside remaining vulnerable after yesterdays drop.

GBP

USD The Dollar was at JPY 81.17 up from JPY 81.05.

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.