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Daily FX News Thursday 12th January, 2012

Thursday, January 12th, 2012

Angela Merkel has been meeting with Nicolas Sarkozy on Monday the IMF head Christian Lagarde on Tuesday and held talks with the Italian PM Matio Monti on Wednesday in Berlin and it is understood that the two leaders discussed ways of stimulating employment and economic growth in the EU and have urged officials to make it one of the main discussion topics at the upcoming summit. Angela Merkel commented at a Press conference that the next council meeting should be to discuss how to promote economic growth and more importantly how to create jobs.

Yesterday, saw a strong decline in GBP/USD the market has since stalled above 1.5300 and at oversold extremes. FX analysts say that the signal for sentiment is not strong but mildly positive and so the call is cautious above 1.5272.

The EUR/USD seems to be in a wait and see mode and is trading in a narrow range ahead of the data due later on which will announce the ECB rate decision and Germany will release inflatation data and Italy and Spain will hold bond auctions. In the US retail sales and market labor data are due in the European Session.

The EUR/GBP has been trading at around 0.8300 since the Asian Session and has tested the psychological level after five days below the handle. Ahead of the Spanish bond auctions and both the BOE’s and the ECB’s interest rate decisions, the pair has just rallied to a high of 0.831.

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.

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FX Foreign Exchange Daily News Tuesday 10th January, 2012

Tuesday, January 10th, 2012

The Block currency of the EUR/USD is advancing for the second consecutive days on a clear risk on session after the positive economic data from China and Australia. As we write the cross is advancing at the moment on 0.17% at 1.2794 closer to its first hurdle at 1.2813 followed by 1.2847.

Yesterday, saw the first meeting of the year for the German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin. As we understand the talks were about the discipline rules for the Euro zone which are to be ready by March and ways of stimulating growth and boosting employment in the area. Further talks are following this week.

It has also been announced that during the London Olympic Games the UK government will host a series of conferences and seminars to boost investment in Britain. The first meeting on July 26th starts with a Global Investment Conference which will include central bank governors, trade ministers and company chiefs will generate more than 1 billion pounds in additional revenue for British Businesses.

The GBP/USD was trading up during the Asian session and this was helped by a jump in the BRC Retail Sale Monitor in December of 2.2%. The upside was reinforced as well by a wider Chinese trade surplus in December which has boosted the rest of the markets in the region.

In the UK the luxury home market rose 0.8 cent for a 14th consecutive month in December as overseas buyers turn to safe haven assets and competed for a smaller number of properties for sale.

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.

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Foreign Exchange Daily News Monday 9th January, 2012

Monday, January 9th, 2012

This morning throughout the Asian Session the EUR/USD has been up and down first opening with New Year lows at 1.2762, filing the gap at 1.2708, session highs at the moment and then back down to record 15 month lows at 1.2663. The pair is now back on the bounce back up again at new session highs of 1.2713 and rising.

The state of the Euro zone sovereign debt and banking crisis’s will remain the primary theme in the FX market this Monday as Sarkozy and Merkel are scheduled to meet again with analysts not looking for anything special to come out of this meeting.

The USD/CHF cross is indifferent after the release of the 3.1% unemployment rate in Switzerland which is slightly above the 3.0% estimated although it is unchanged MOM. The cross is trading in the negative since the opening of the Asian Session on Monday and fell earlier as low as 0.9537.

The US employers managed to exceed expectations in creating new jobs in December. The unemployment rate declined to 8.5% hitting a three year low while the salaries and working hours jumped. These better than expected results follow an increase in manufacturing activities and improved consumer confidence which has signaled an economy recovery in the US.

In the UK the services sector grew more than expected in December. The Services PMI increased to 54.0 last month from 52.1 in November hitting a 5month high. Many Analysts expect the figure to rise by 51.6.

The EUR/USD pair was already rising ahead of Germany’s data release after having printed a lower low at 1.2666 during the Asian Session. Germany’s trade balance came out better than expected with figures up to €15.1B above the €13.2B consensus. The surplus in October was €12.5B.

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.

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Global Daily FX News Friday 6th January, 2012

Friday, January 6th, 2012

This morning as we write the Euro resumed its slide on Thursday amid growing pessimism over sovereign and bank refunding needs as the rating downgrade is only round the corner!

In the UK the UK’s service sector grew more than expected in December. The services PMI increased to 54.0 last month from 52.1 in the preceding month hitting a 5 month high. Also in the US the number of people claiming unemployment benefits declined last week which has signaled a positive outlook for the country’s labor market at the beginning of the year. The jobless claims have dropped by 15000 to 372000.

The EUR/USD is posting lows at the moment that have not been since mid September, 2010 trading in the 1.2780 zone after falling as low as 1.2763 earlier on in the Asian Session. With rising European borrowing costs coupled with refunding problems in the euro it is keeping the investors away whilst the rumor of a downgrade in France is gaining momentum. It is another heavy data day today with Retail sales, Economic/consumer confidence and Unemployment rates are due in the EMU.

The Hong Kong Seng Index and Japan’s Nikkei Stock fell by 1.21% and 1.16% while Australia’s S & P lost a further 0.83% amid rumors of a North Korean incident at a nuclear facility spread concerns around the indexes. This led to a wider demand on the USD that has been fully retraces by now.

The Australian dollar is currently trading lower ahead of the European opening, as AUD/USD dips in the midst of risk aversion on non confirmed reports and rumors of a North Korean nuclear explosion.

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.

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Daily Foreign Exchange News Wednesday 4th January, 2012

Wednesday, January 4th, 2012

Pressure seems to be mounting on Greece at the start of the New Year as they Greek government is aware that time is running out to reach a bailout deal with its international lenders. A government official was said to have warned that if an agreement with the EU, IMF and the ECB is not struck very quickly then Greece will have to leave the Euro zone and this would mean the situation would worsen.

Speculation is high that many Greek and Italians are taking their money out of the banks and moving it abroad in fear that the euro zone crisis will topple the banks and wipe out any remaining savings that they have. There has been a huge surge in the demand for safety deposit boxes for those people in Greece who have not yet managed to set up accounts outside Greece.

The JPY is continuing to appreciate against the USD as it has since the intervention by the Bank of Japan in late October. At the time of writing the cross is losing 0.10% at 76.66 with the first support waiting at 76.30.

In Germany manufacturing and export driven economy finished strongly and piled on another 22,000 jobs in December. Unemployment decreased by 22,000 in December to a seasonally adjusted rate of 6.8 per cent which is the lowest since 1991 according to the Federal Statistical office of Germany.

The EUR/USD has overcome and accelerated downtrend and is now facing a 20 day ma located at 1.3080.

The Swiss stocks have edged higher on Tuesday after a report has shown that US manufacturing accelerated at a faster pace in half a year in December.

The GBP/USD cross is posting gains for the fourth session and has almost recovered from the losses of the year end sell off. The Pound Sterling has started the year with a solid rally assisted by strong momentum in risk appetite. Today in the UK lots of data is coming through including Mortgage Approvals, Consumer Credit, Money Supply and PMI Construction.

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.

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Daily Foreign Exchange News Thursday 22nd December, 2011

Friday, December 23rd, 2011

This morning the Pound Sterling is showing a strong performance in the last sessions despite the hints of possible extension of the asset purchase programmes that the Bank of England unveiled in the last minutes should the EU conditions deteriorate further.

Later today we are expecting the GDP figures for the third quarter and the GDP data and labor market figures are also due in the US.

The European Central Bank has offered loans to the Euro zone banks for three years at a fixed rate of 1%. The volume was the highest ever as the European Central Bank lent €489 billion. Concerns over the Euro zone remain despite more liquidity flowing into the banks.

The USD/JPY cross climbed as high as 78.13 at the beginning of Asia trade but slipped to the 78.00 area where it is now operating. The Bank of Japan has kept its interest rates at 0 – 0.10% and the asset purchase and the lending programs also remained intact.

The Swiss stocks have closed little changes on Wednesday after the European Central Bank has lent out 489 billion euros in three year loans to European Banks.

The EUR/USD failure to overcome 1.3184 indicates an end of the upward correction. As we write the EUR/USD is targeting 1.2860 while the long term goal remains at 1.2089.

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.

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Global FX News Wednesday 21st December, 2011

Wednesday, December 21st, 2011

As we write this morning the Euro zone tensions are easing and this is despite Fitch’s warning and ahead of the ECB loans. The stocks are rising sharply and the Euro is moving away from the 1.30 level as the market sentiment improved after a successful debt auction in Spain and also following better than expected economic data in Europe and in the US as the ECB starts long term lending program.

At the opening of the European |Markets Investors are taking the GBP/USD to test the 1.5700 psychological levels ahead of the UK Bank of England Minutes at 9.30 GMT. Strong support during the Asian Session found at 1.5660 kept the cross headed to the upside.

In Germany business sentiment has improved in December which indicates that the largest Economy in the Euro remains resilient to regional debt crisis. Over in the US the housing and building permits rose ore than forecasted in November and indicate that the market is stabilizing heading into 2012.

In the UK consumer confidence rose as consumers became more optimistic on the outlook of the country’s economy according to the Nationwide Building Society.

After losing the 0.9300 during the Asian session the USD/CHF has lunged on the European opening to test yesterdays low as support and possibly breach it. As we write the USD/CHF is quoting 0.9268.

The pick up in Japans economic activity has paused and this is mainly due to the effects of a slowdown in overseas economies and of the appreciation of the Yen.

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.

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Global FX News Monday 19th December, 2012

Monday, December 19th, 2011

The European Session is pushing the EUR/USD to the upside having digested the news of Kim Jon-Il’s death Earlier during the opening of the Asian session the EUR/USD had fallen below 1.3000 to a low of 1.2983 and this has largely been motivated by the death of Kim Jong-ils death and the uncertainty that it brings which has led to a safe haven run to the greenback.

On Friday Fitch ratings announced that it has placed all investment grade rated euro zone sovereigns and their debt with negative outlook onto Rating Watch Negative. The countries placed on this watch are Belgium, Spain, Slovenia, Italy and Ireland and Cyprus. The RWN indicates that the above ratings are under active review and are subject to the highest probability of downgrade in the near term. The review by Fitch is expected to be completed by the end of January, 2012.

The UK has been invited to participate in discussion on a euro zone fiscal pact despite rejecting to sign it up said the government on Thursday. The prime Minster |David Cameron voted against the EU treaty at a summit in Brussels on December 9th.

As we write the EUR/JPY is heading towards 100.77. In case this support is violated the next target lays at 99.92 and rallies are expected to be capped by resistances at 103.04, 104.73 and 105.72.

Son Friday we saw Swiss stocks decline and Standard and Poor warned that European exports may weaken further in 2012. Despite this forecast it is thought that Swiss stocks will perform well in 2012 according to the global head of equity at Jefferies Group Inc.

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.

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Foreign Exchange News Monday 12th December, 2011

Monday, December 12th, 2011

Fx- Foreign Currency Exchange News: Monday 12th December 2011

On Friday the EU meeting that lasted for two days concluded in what can only be described as an atmosphere of diversion as not all of the EU members states agreed to join the Eurozone 17 in the preparation of inter government treaty on tightening the fiscal union.

With the lack of solid initiatives in the euro zone after the Euro summit a few warnings by the rating agency have resulted. This has put extra pressure on the single currency.

The USD/JPY has been trading in 6 pips range since the opening of the Asian Session as a result of the mixed data.

The UK’s export reached a record high of £26.5bn in October compared to the import which declined to £34.1bn in October from £34.6bn in September. As a result of this the UK’s trade deficit narrowed to 7.6bn on October as compared to 10.2bn in the preceding month.

The USD/CHF are currently trading in the late Asian sessions at highs around 0.9273 USD’s amid rumors that point to a new lift to be imposed against the Euro at 1.2500from its current 1.2000 by the Swiss National Bank. The pair has raised 20 pips from its previous close in New York on Friday.

As we write the European’s morning is opening to the downside the plunging is taking the EUR/USD to 1.3300 ground and at the time of writing is at 1.3314.

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.

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Global FX News Friday 9th December, 2011

Friday, December 9th, 2011

Fx- Foreign Currency Exchange News: Friday 9th December 2011

Today sees the EU officials arriving in Brussels for one of the most important summits for the future of the Eurozone. The meeting will last two days and the most important topics on the agenda include the changes to the EU treaty, the fiscal consolidation of the area and increasing the EFSF firepower and the possibility of creating Eurobonds. Chancellor Angela Merkel and President Nicolas Sarkozy had a meeting on Thursday in Marseilles and after the meeting Nicolas Sarkozy stated that a failure to reach an agreement at the EU Summit would have catastrophic consequences for the Eurozone.

The GBP/USD cross seems to have stabilized in a range delimited by 1.5650 and 1.5585 after yesterday’s sell off, waiting for further developments in the euro zone and economic data in the UK as well, due later on in the European morning. The Bank of England also kept its bench mark interest rate at 0.50% in yesterdays meeting.

This morning as the European Session opened the EURUSD was falling below the 1.3300 level where it was previously hanging on 10 pips ahead. The pair got more than 40% below its opening price and has reached a low of 1.3281. As we write the cross has retraced to the 1.3300 level but is still very much pressured to the downside.

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.

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