Global FX News Friday 30th September, 2011

Fx- Foreign Currency Exchange News: Friday 30th September, 2011

Overnight in Asia the EUR/USD has traded so far down to 1.3535 on broad USD buying which erased all of the gains of Thursday. The last pair quoted near session lows which were around 60 pips below its opening price.

The New Zealand dollar is currently in the spotlight after Standard & Poor lowered the country’s rating by one notch with the outlook remaining stable. This decision follows an earlier downgrade by the Fitch agency.

Over in America the American officials and President Obama are urging the European leaders to take decisive action in the Euro zone which is highly indebted in order to stabilize the global economy and try and revive the confidence in the markets. There has been a positive rescue fund voting Germany and European officials are preparing for the next step of the economic stimulation.

In the USA fixed mortgage rates have ht their lowest levels since Freddie Mac became tracking them.

EUR The EUR/JPY has extended its rebound from strong support at 101.15 which is anticipated to last until 105.67 or 107.97/108.45.

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

FX-Foreign Exchange News Monday 26th September, 2011

Fx- Foreign Currency Exchange News: Monday 26th September, 2011

Last week saw the Euro/USD come under relentless pressure and sold off its initial, downside target at 1.3428/10 the 50% retracement of the 2010/2011 move. FX experts are expecting the pair to consolidate this week.

This morning investors are waiting for the EU leaders to try to prevent the debt contagion and prevent Greece from default, The European Central Bank’s readiness to act as it may be required to have not convinced the Investors thus far.

Meanwhile, bankers are bracing for a Greek default and are hoping that the rest of Europe can place firewalls around the banking system that can be strong enough and more importantly soon enough to prevent it from spreading to other Euro countries.

In Asia the Japanese economy contracted for the third quarter and the economic outlook looks dim on strong yen and faltering economic growth.

EUR whilst ever the major resistance zone is at 104.83 and is not overcome the EUR/JPY will not start to recover. The nearest support is located at 102.21, followed by 102.21. The support level of 100.00 remains the long term target.

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 Wednesday 21st September, 2011

Fx- Foreign Currency Exchange News: Wednesday 21st September, 2011

The GBP/USD has rebounded off of the 1.5655 lows of Tuesday and it was stung enough to send the pair to level above its 1.5705 opening price where it closed at 1.5730 which was 25 pips higher. This positive price action came on the back of strong performances in share markets.

The Asian market has been quiet ahead of the FOMC meeting later today. Many people within the market are expecting some form of “operation twist” and many fx-traders and analysts believe that the Australian Dollar will benefit from aggressive FED action.

It was announced yesterday that Chris Huhne the UK energy secretary is going to be getting tough with major UK energy companies in order to get better energy tariffs for consumers and ease the problem of switching energy providers. Mr. Huhne has also made it clear that he wishes to encourage smaller providers to enter the market.

Yesterday saw Standard & Poor downgrade Italy’s debt rating from A+ to A on weak economic growth with a “Fragile” government and increasing borrowing costs.

EUR The Bearish momentum is expected to continue dragging the prce lower. As long as a key resistance area is located at 107.50/108.00 is not penetrated the long term target will remain at 100.00

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- Foreign Exchange News Thursday 15th September, 2011

Fx- Foreign Currency Exchange News: Thursday 15th September, 2011

The EUR/USD has continued gaining ground on Wednesday and has extended its correction for a third day and this was largely due to the announcement made by Greek Prime Minister Papandreou stating that the Country will not leave the Euro zone and will fulfill all requirements for the upcoming bailouts. The rate as we write is currently stuck at 1.3740

In the UK, during the month of August the number of people claiming unemployment related benefits in the UK rose by 20.3k which surprised analysts who had been far more pessimistic and had expected a reading of 38.8k.

In Japan the stocks declined on Wednesday and this was after China’s Premier Wen Jiabao denied the rumors that the country will help Europe to resolve the debt crisis.

The Head of the FED has made claims that the current program for economy revival is a therapy rather than a shock treatment. However not may Americans se to have much faith that Obamas and the Fed’s common efforts will result in success.

GBP The GBP/USD is almost unchanged this morning since the Asian session updated. The pair has extended its slide towards 1.5706 and holds the overall bearish bias.

USD This pair is highly expected to contract and reach stong support at 76.25/29. This is likely to hold pressure and commence the recovery of the price which may extend upto 77.98.

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.