Online currency exchange referral systems GCEN

Call us : Online systems for merchant services in any currency +44 (0)1480 474517

Daily FX News

Online currency exchange referral systems GCEN » Currency Exchange News » Daily FX News Monday 14th January, 2012


Daily FX News Monday 14th January, 2012

Posted by : admin | Comments: 0

As we write this morning the GBP/USD cross sees the sterling following the rest of the risk associated assets on Monday, retracing ground after climbing as high as 1.6156 overnight, as risk appetite continues to swell.

We should find this week interesting for the sterling, as inflation figures are due tomorrow followed by December Retail Sales on Friday.

As we write this morning the GBP/USD is up 0.05% at 1.6140.

The EUR/USD sees the single currency continuing its correction lower from today’s tops above 1.3400. This was after German Wholesale Prices came in flat on a monthly basis and 3.2% over the last twelve months. As we write, the pair is down 0.16% at 1.3386 with the next resistance at 1.3487.

Friday saw new applications for the unemployment benefits in the world’s biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labor market.

We see the NZD/USD has edged higher since it’s opening, which has marked a session low at 0.8361. During overnight trading and the inception of the European session however, the pair has gradually climbed to the 0.8400, where it is currently testing in these moments. At the time of writing, the pair has secured a gain of +0.14% above its opening Monday.

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

Do NOT follow this link or you will be banned from the site!