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Tuesday 24th April, 2012 Foreign Exchange News

Tuesday, April 24th, 2012

Yesterday, saw the Dutch Prime Minister Mark Rutte and his entire cabinet resigned yesterday after failing to agree on a plan to reduce the country’s deficit as told by the EU rules. Rutte talks on a new austerity package which collapsed over the weekend. The outgoing Prime Minister will be speaking at 2pm today at the Hague.

As we write this morning the EUR//USD has rallied to 1.3174. Consumer confidence in France is expected after political pressure since Sunday.

Many of the stocks declined yesterday after data showed that manufacturing contracted in the euro zone and the single currency bloc.

The EUR/JPY failed to overcome 107.88/49 and then went on to dip below 106.33/105.95 where the currency pair should start to recover. Once 108.00 is breached, the next target will become 108.62.

GBP/USD. The cable is approaching a tough resistance level at 1.6167 and is losing momentum which is likely to result in a decline. The first support is located at 1.5984 and lower levels may be found at 1.5874 and 1.5843.

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 23rd April, 2012

Monday, April 23rd, 2012

As we write this morning the EUR/USD seems to be grinding lower into the close of the Asian Session. The cross seems to trade around the closing levels of last Friday after the presidential elections in France have delivered a small lead to F. Hollande. The second round is expected on May 6th.

The GBP/JPY is under some pressure this morning having already traded down to a session low of 130.88 from a high of 131.70. The broad yen weakness ahead of the Bank of Japan meeting this week and the impulsive pound strength the GBP is definitely the leader against the Japanese Yen.

In the UK month on month retail sales have grown more than economists forecast in March. Total sales rose by 1.8 per cent from February, when they declined 0.8%.

Japanese stocks fell on Friday after US data has showed that the recovery in the world’s largest economy is losing momentum.

The EUR/JPY has just reached a resistance located at 107.88/72 and it is widely thought that it is likely to struggle here for some time.

The USD/CHF has weakened down to 0.9091 but a key support at 0.9066 stays intact which has implied that the price should make another attempt to grow up to 0.9317/42.

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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Friday 20th April Daily Foreign Exchange News

Friday, April 20th, 2012

As we write this morning the GBP/USD was moving higher at the end of the Asian Session and was hovering over the 1.6070 region a five month high. March’s retail figures are expected later and an improvement in the results is expected.

The Spanish debt auction was met with a solid demand but the rise in the Country’s borrowing costs suggest that investors continue to doubt whether the recently announced deficit reductions reforms will bring the desired effect. Even though there has been a surge in Spanish borrowing costs the auction has resulted in the markets extending gains while the EUR/USD rose to a 2 day high at 1.3165.

The Japanese Yen weakened against most of its 16 peers as Bank of Japan indicated it is putting efforts to depreciate the Yen and support the nation to return to export surplus.

The number of Americans claiming unemployment benefit declined by 2000 to 386,000 in the week ending April 14th according to the Department of Labor.

This morning the USD/CHF remained sidelined but many think it is still capable of challenging a resistance at 0.9317/42. A formidable support located at 0.9066/0.9000 should contain near term dips of the 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 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 16th April, 2012

Wednesday, April 18th, 2012

As we write this morning it seems that the Eurozone Crisis is starting to rear its head again as the Spanish economy keeps concentrating all headlines which is putting yet a further burden on the already fragile European single currency which is still floating dangerously above 1.3000 against the US dollar as the Asian market gets ready to close this morning.

Italy’s borrowing costs increased during the last bond sale which has caused the worries to escalate about Italy’s ability to repay it’s obligations. The Greek unemployment rate surged to 21.8% in January as compared to 14.8% in January, 2011.

The JPY is reigning this morning and has benefited by the ballooning 10 year bond yields, which recently hit the 6% coupled with short term negative effects on the Chinese band widening and this is seen as a factor that will increase the market volatility.

The USD/CHF cross is extending its upside above the key level at 0.9200 on Monday as risk aversion seems to be gaining traction on euro zone fears.

The European Central Bank is expected to restart government bond purchases rather than proceed with a further round of long term refinancing.

On a positive Standard and Poor has confirmed the UK’s triple A credit rating with a stable outlook and has said that the nation has a “wealthy, open and diversified economy”

GBP/USD The Cable has tumbled this morning and this was before it had managed to test 1.6000 and it is now targeting a support level at 1.5821 which guards 1.5599 and 1.5412.

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 16th April, 2012

Tuesday, April 17th, 2012

As we write this morning it seems that the Eurozone Crisis is starting to rear its head again as the Spanish economy keeps concentrating all headlines which is putting yet a further burden on the already fragile European single currency which is still floating dangerously above 1.3000 against the US dollar as the Asian market gets ready to close this morning.

Italy’s borrowing costs increased during the last bond sale which has caused the worries to escalate about Italy’s ability to repay it’s obligations. The Greek unemployment rate surged to 21.8% in January as compared to 14.8% in January, 2011.

The JPY is reigning this morning and has benefited by the ballooning 10 year bond yields, which recently hit the 6% coupled with short term negative effects on the Chinese band widening and this is seen as a factor that will increase the market volatility.

The USD/CHF cross is extending its upside above the key level at 0.9200 on Monday as risk aversion seems to be gaining traction on euro zone fears.

The European Central Bank is expected to restart government bond purchases rather than proceed with a further round of long term refinancing.

On a positive Standard and Poor has confirmed the UK’s triple A credit rating with a stable outlook and has said that the nation has a “wealthy, open and diversified economy”

GBP/USD The Cable has tumbled this morning and this was before it had managed to test 1.6000 and it is now targeting a support level at 1.5821 which guards 1.5599 and 1.5412.

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 16th April, 2012

Monday, April 16th, 2012

As we write this morning it seems that the Eurozone Crisis is starting to rear its head again as the Spanish economy keeps concentrating all headlines which is putting yet a further burden on the already fragile European single currency which is still floating dangerously above 1.3000 against the US dollar as the Asian market gets ready to close this morning.

Italy’s borrowing costs increased during the last bond sale which has caused the worries to escalate about Italy’s ability to repay it’s obligations. The Greek unemployment rate surged to 21.8% in January as compared to 14.8% in January, 2011.

The JPY is reigning this morning and has benefited by the ballooning 10 year bond yields, which recently hit the 6% coupled with short term negative effects on the Chinese band widening and this is seen as a factor that will increase the market volatility.

The USD/CHF cross is extending its upside above the key level at 0.9200 on Monday as risk aversion seems to be gaining traction on euro zone fears.

The European Central Bank is expected to restart government bond purchases rather than proceed with a further round of long term refinancing.

On a positive Standard and Poor has confirmed the UK’s triple A credit rating with a stable outlook and has said that the nation has a “wealthy, open and diversified economy”

GBP/USD The Cable has tumbled this morning and this was before it had managed to test 1.6000 and it is now targeting a support level at 1.5821 which guards 1.5599 and 1.5412.

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 29th March, 2012

Friday, March 30th, 2012

This morning we understand that European leaders would be prepared to lift the ceiling of the bailout fund to €940 billion for one year in an effort to contain the debt crisis and this is according to a draft cited by Bloomberg. The Euro zone finance ministers are due to meet on Friday in Copenhagen and they will probably decide to run the €500 billion permanent European stability Mechanism (ESM) in parallel with the temporary €200 billion (EFSF). Additionally they will allow €240 billion unused funds to remain available until mid 2013.

As we come closer to closing in Asia this morning the bloc currency is trading above the 1.3300 mark on Thursday although in a narrow range and still in an undefined trend.

Yesterday saw the British FTSE decline as data showed the revised British GDP in the fourth quarter declined 0.3% compared to previous estimates of 0.2%.

In Europe the Magyar Nemzeti Bank may keep its benchmark interest rate unchanged at 7% for a third straight month.

The GBP/USD has bounced off the recent high at 1.5992 without even hitting a psychological level at 1.6000 – the market has not traded above this level since 2008.

The USD/JPY is still holding above the 82.18 support level and is maintaining a bullish momentum. As we write the market is struggling to pass the 83.20 level.

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 News Wednesday 28th March, 2012

Wednesday, March 28th, 2012

This morning as we write it is now highly possible that the German Finance Minister Wolfgang Schaeuble will be chosen as head of the Euro group to replace the outgoing Jean-Claude Juncker. If he were to take over this post it would give Germany the advantage as far as tackling the EU debt crisis is concerned. The EU finance Minister will discuss his candidacy at the meeting on Friday, although the final decision may not be until June.

The EUR/USD is up after French economic activity grew 0.2% in the last three months of 2011, matching expectations.

The Asian stock markets rallied on Tuesday lifted by FEC chairman Ben Bernake’s and signals the US central bank is likely to prolong its low interest rate policy to support the labour market.

The Australian Dollar has slid to its lowest price in three days against the greenback and has been dragged lower following heavy selling in the AUD/JPY due to positioning ahead of the end of Japans financial year on March 31st.

The AUD/USD has moved down to a session low of 1.0419 in Asia and was last at 1.0427 versus 1.0454 late on Tuesday and at preset the pair is still contained within a triangle with the top of the triangle being around 1.0770 and the bottom at 1.0320.

Retail sales in the UK have stagnated in March according to the Confederation of British Industry. And consumer confidence in the US declined slightly in march on higher fuel costs with German consumer confidence sliding in March due to the high Gasoline prices.

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 26th March, 2012

Monday, March 26th, 2012

This morning there are rising tensions in Spain with the ruling People’s Party missing the majority in the Andalusian elections which in making the pressure on PM Rajoy intensify. He was expecting his party to take control over the region before deciding on the budget.

As we write this morning the EUR/USD is breaking to fresh session lows which were last at 1.3259. lower from previous weekly close past Friday 10 pips above, with session highs at a.3285. Pressure is also mounting for the region to cut the deficit, the result is a major setback for Rajoy and even more so with the headlines taking forefront causing the country’s borrowing costs to surge again.

In the UK the nationwide consumer sentiment index declined unexpectedly in February according to the Nationwide. The index tumbled to 44 on a seasonally adjusted basis last month from 47 in January. Experts projected the figure to approach 49 in February.

The EUR/USD is continuing to hover just below 1.3291/1.3325 and it is widely expected to move southwards in the near future. The initial support is at 1.3140 followed by 1.3130 and 1.3004.

The Swiss stocks have fallen for a firth consecutive day after a report showed purchases of new homes in the US declined and Japanese stocks also tumbled after reports showed that European manufacturing and services shrank more than expected. The Nikkei 225 retreated 1.14% or 115.61 to 10,011.47. The broader topix fell 1.11% or 9.54 to 852.53.

It has also been mentioned that Germany is poised to bow to international pressure and allow a temporary increase in the euro zones financial firewall this week to prevent the crisis in the regions periphery spreading to other member states.

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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Thursday 22nd March, 2012 FX – Foreign Exchange News

Thursday, March 22nd, 2012

US Fed chairman Ben Bernanke and US Treasury Secretary Timothy Geithner spoke about their views on the EU crisis when appearing before the Committee on Government Oversight and Reform. Both of the men acknowledged that financial stresses in the Euro zone were easing but they went onto empathize that the crisis was not over yet and everything that could be done to restore financial stability in the region should be.

In the UK the Chancellor of the Exchequer George Osborne announced the annual budget and assures that tough austerity measures will be implemented despite the calls to ease the program of reductions, as it is crucial to retain bond market confidence and UK’s current AAA credit rating. He also said that “Britain is going to earn its way in the world” “There is no other road to recovery”

The GBP/USD traded a limited range overnight between 1.5855 and 1.5822 during the Asian session. It was last quoted just a few pips below its starting price at 1.5867. Later today UK retail sales figures are due for release and these are considered to be one of the most important consumer indicators.

As we write this morning the EUR/USD are at session highs during the Asian Session and is currently at 1.3240 which is slightly off session high 6 pips.

The GBP/USD has shrugged off the comments from yesterday after the Bank of England minutes and seems to have recovered lost ground this morning at the end of the American session withal eyes on 1.5900.

Swiss stocks were little changed yesterday after a report showed that US homes sales fell in February to an annual rate of 4.59 million from 4.63 million in January. On positive home sales for the three months prior were the best in five years.

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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