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Global Currency Exchange Network
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For some time now, Global Currency Exchange Network have been one of the UK´s leading currency exchange Companies. Our team of professional currency dealers have over 20 years of experience in currency exchange.
329 articles
Foreign Exchange News Thursday 29th September, 2011
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Fx- Foreign Currency Exchange News: Thursday 29th September, 2011
Overnight the EUR/USD opened the Asian trade at 1.3540 after losing some ground on Wednesday when the US equities and commodities fell hard. The paid traded down at 1.3520 earlier in Asia where it found moderate buying interest on the back of improved investor sentiment. This initiated EUR/USD short covering ahead of the German vote on expanding the EFSF powers later today.
It is thought that the German Government will vote in...
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FX-Currency News Wednesday 28th September, 2011
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Fx- Foreign Currency Exchange News: Wednesday 28th September, 2011
Overnight in Asia the Euro /USD has broken lower leaving behind the current trend from recent lows at 1.3361. The key support at 1.3555 has been violated making lows of 1.3541 which are currently pulling back at 1.3554.
The FED has launched another round of economic stimulation by purchasing long term treasuries and issuing short term ones in their place. According to economists the $447 billion jobs plan that President...
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FX-News Tuesday 27th September, 2011
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Fx- Foreign Currency Exchange News: Monday 27th September, 2011
Despite the reported selling pressure from Japanese exporters losing the 103.00 early in Asian session the EUR/JPY has managed to come back higher to recent sessions at 103.57. This last high is still not higher than the weekly open but is slightly above current quotes.
In the American session the GBP gained ground against the USD for a second day and reached the 1.5570 where it closed the American trade on Monday around 90 pips...
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FX-Foreign Exchange News Monday 26th September, 2011
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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...
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Friday 23rd September, 2011 Foreign Exchange News
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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...
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Global Foreign Exchange News Thursday 22nd September, 2011
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Fx- Foreign Currency Exchange News: Thursday 22nd September, 2011
The Euro is this morning back above 104.00 due to Greek optimism. After printing fresh lows on 1.0370 on Wednesday, the European single currency us on the rebound against its Japanese counterparts during the Asian session. The EUR/JPY did lose ground for a fourth consecutive day yesterday and went onto close the American session on the rebound against its Japanese counterpart during the Asian session.
In the USA it has been...
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Foreign Exchange News Wednesday 21st September, 2011
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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...
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FX-Foreign Currency News Tuesday 20th September, 2011
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Fx- Foreign Currency Exchange News: Monday 20th September, 2011
FX-traders are commenting that the Euro may fall further after recent talks between Greece and its Debtors failed to make any progress and the S & P's lowering of Italy's sovereign debt rating. Italy has followed in the same footsteps of Spain, Ireland, Portugal and Greece as euro regions continue having their credit rating cut this year.
In Japan, investors are attempting to enter new business after the March earthquake and...
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Friday 16th September, 2011 Foreign Exchange News
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Fx- Foreign Currency Exchange News: Friday 16th September, 2011
As we write the Euro is trading marginally weaker in the area of 1.3862 and this was after it dipped into a session low in 1.3828. Trading movements have been rather slower with investors still taking in the news that the ECB, Federal Reserve, BoE, BoJ and SNB decided to provide dollar funding for the troubled EZ banking system.
Yesterday saw the Chinese officials expressing their willingness to purchase bonds from the heavily...
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Global FX- Foreign Exchange News Thursday 15th September, 2011
From Global Currency Exchange Network, 8 month ago, Read 0 times. Similar articles
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...
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