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-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.

Global FX-News 24th March, 2011

Fx- Foreign Currency Exchange News: 24th March, 2011

FX-Foreign Traders watched yesterday as Portugal’s opposition party rejected the former PM latest austerity plan. The plan was to reduce Portugal’s debt load, proving to the EU that a bailout would not be necessary. All of the parties voted against the proposed spending cuts and tax hikes that were hoped could be put in place to avoid an EU bailout.

This rejection means that that there is increased pressure to seek a bailout from the EU to the tune of tens of billions of Euros to help Portugal meet its debt obligations. We have already seen Greece and Ireland being forced to take bailouts to help them contain debt crisis in the wake of Global recession.

The GBP is lower against all of its major counterparts this morning after minutes from the Bank of England’s last meeting showed merit in waiting to see the effects of rising oil prices in the Economy.

Market Traders expect to see the European stocks opening slightly higher as overnight gains in Asia lend support. Uncertainties surrounding the Euro Zone will limit any upside move.

EURO: The EUR/USD is trading very flat this morning as the investors weigh up the chances of a Portugal bailout after yesterday’s failed vote on austerity measures.

GBP The GBP was little changer overnight and consolidated just above the 1.42 to the USD whilst the pound moved around the 1.63 to the greenback.

USD The USD/JPY is starting the day by trading quietly around the 81.00 area as many remain sidelined in the hope of further intervention.

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 Thursday 17th March, 2011

Fx- Foreign Currency Exchange News: 17th March, 2011

Earlier today in the Asian Session FX-Market Traders watched the JPY pull back from record highs against the USD as the FX-markets braced themselves for intervention from the Japanese Government to force the JPY lower.

It has been reported that the Finance Minister is closely watching the Yen given the “nervous movements”. Officials are also claiming that the overnight spike was driven by speculators and not repatriation flows in the wake of last Friday’s earthquake and Tsunami.

Euro: The Euro/USD is remaining strong and jumped to a 1.3975. The Euro failed at the 1.4000 resistance area for the third time in the last three days and pulled back to 1.3865. It bounced back up to 1.3900 in the Asian session and soared 60 pips ahead of Europe reaching the day high of 1.3975.

GBP The British Pound was under heavy selling pressure and is desperately trying to hold onto the USD 1.6000. If it breaks and goes lower it would send the cable lower and the EUR/GBP into hew highs with the European single currency far safer than the GBP.

USD The USD has gone to record lows of JPY 76.250 in Asian trade earlier today but has moved slightly to JPY 79.070 on the expectation that the Bank of Japan would intervene.

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.