Global Foreign Exchange News Monday 10th October, 2011

Fx- Foreign Currency Exchange News: Monday 10th October, 2011

This morning as we write the European shared currency is enjoying a relief rally in Asia as many investors seem to give the EU Leaders another chance of addressing the Euro debt crisis before the worsened situation gets to a point of no return. This move comes after Presidents Merkel and Sarkozy agreed on a deadline of November 3rd to come up with a new rescue package to avoid a failing in the euro zone.

The USD/JPY is trading in a limited range in Asia which is between 76.85 /76.70 and it is unable to break the range established in the past month.

The AUD/USD has pushed to its highest point in today’s Asian session at 0.9845 and as we write the AUD/USD has pulled back slightly and was last quoted at 0.9820, which were 70 pips above its opening price.

Over in the USA the Fed has launched another round of economic stimulation by purchasing long term treasury

EUR The EUR/JPY has found a major support line located at 99.85/100.27 and this is likely to limit any dips.

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 Currency News Friday 7th October, 2011

Fx- Foreign Currency Exchange News: Friday 7th October, 2011

Yesterday saw the European Central Bank decide to leave minimal bid rate at 1.50% . This decision was in line with the expectations from investors. The current rate has been effective since July 13th. Investor sentiment declined after Trichet announced that Euro area is facing intensified downside risks

European officials are studying additional measures to stimulate the region’s economy, after the German parliament approved the EFSF and this was after Greece announced that it will miss deficit targets and EU leaders are reconsidering the second bailout conditions.

The Aussie was favored by stock gains on Thursday as the so called risk asset play took AUD/USD soaring to 0.9765. In Asia, the rally continues as strong performances in Asian equities have encouraged the bid tone.

In America the unemployment claim slid to 401k from the previous week which surprised analysts who had expected the figure to be 411k. Las week they saw more than 6,000 more people apply for jobless benefits than the week before. The Federal Reserve is urging the 25 largest banks to control employee remuneration practices which could potentially put companies at risk.

EUR The EUR/USD is presently heading towards 1.3680/90 although it is thought that it will struggle near a resistance line at 1.3447. The long term target still remains at 1.2860 and is currently covered by supports at 1.3250 and 1.3145.

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.

Friday 23rd September, 2011 Foreign Exchange News

Fx- Foreign Currency Exchange News: Friday 23rd September, 2011

Overnight in Asia FX-traders have watched as the European single currency has seen bullish corrective price action and this was based on reports that the G20 were going to issue an “emergency statement” regarding the EU debt crisis. It now seems that the statement will not contain any concrete measures to deal with the crisis.

The USD is taking a short break in Asia after rallying round across the board yesterday The GBP/USD has found a fresh year lows at 1.5327 and according to many FX analyst is expected that the pair will consolidate ahead of further falls. As we write the GBP/USD is showing further strength in Asia and was last quoted at 1.5410.

Over in America the jobless claims fell last week with fewer Americans making claims for jobless benefits last week. This offers a small amount of hope for the beleaguered labor market.

In Greece the new austerity measures that have cut pensions further and suspended more civil service posts have prompted strikes and protests all over Greece.

EUR As we write this morning the EUR/USD is struggling to hold above 1.3500 as Mr. Moody downgrades 8 Greek banks.

USD Major support for the USD/JPY is in the area of 76.29/75.94 and this has been tested yet again. This implies increased possibility of advancement towards 77.50 en route to 78.45.

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 FX News Wednesday 13th July, 2011

Foreign Currency Exchange News –Wednesday 13th July, 2011

The USD/JPY opened the Asian trade at 79.23 and saw early morning dips to below 78.50 and then went on to quickly recover its losses and is threatening to target higher levels.

Yesterday saw growing fears that the Euros debt could engulf Italy has sent the Euro reeling to a fourth months low against the dollar and a record low against the Swiss Franc and this was amid much pessimism about the euro zones ability to forge a lasting solution to its crisis.

In earlier trade in Asia the USD dropped to JPY 78.48 it’s lowest since March 17th. It is highly unlikely that Japans currency authorities will wade in to the market at this point. This is partly due to the fact that the Yen’s strength has not prompted any sharp sell off equities. Asthe view is that Japan will not intervene it has given the green light to Japanese importers and other market participants to bargain hunt the greenback after its earlier fall.

The European stocks are expected to open cautiously after Moody injected fresh worries into the market o Tuesday by cutting Ireland’s credit rating to junk territory.

EUR The EUR/JPY is hovering over 111.00 after having dropped to fresh multi day lows just under 110.00 in Tuesday trade.

GBP With the UK employment data due at 8.30 the GBP/USD is locked in some tight consolidation between 15900 – 1.5950.

It is expected that the European stocks will open higher this morning taking their lead from a positive US session as FX investors wait for interest rate decisions by the Bank of England and the European Central Bank.

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.