by Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling has come a long way in the last couple of weeks, capturing the key technical resistance at 1.54. As long as we don’t make a daily close back below that level we remain optimistic of further upside in the short term. US [...]
Exchange Rate Forecasts
April, 2010
US Dollar Foreign Exchange Update
Friday, April 16th, 2010Foreign Exchange Daily Insight – The Pound remains unchanged after the first televised election debate
Friday, April 16th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound erased earlier gains against the Dollar to trade above $1.55 at the close of trading last night, while the UK currency also strengthened for a third straight day versus the Euro, after a poll prior to the televised live debate, showed that the Conservatives’ [...]
Euro Foreign Exchange News
Friday, April 16th, 2010by Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling recoiled from the trend resistance we identified in last week’s update as a rescue plan for Greece was put together over the weekend, giving the Euro an immediate boost when trading opened on Monday. Although Greece is not yet drawing upon the [...]
Foreign Exchange – The Pound continues to rise as the latest polls show the Conservatives widening the gap
Thursday, April 15th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rose above $1.55 against the U.S Dollar yesterday, while the UK currency also made gains versus the Euro, as the latest opinion poll showed that the Conservatives’ lead over the ruling Labour Party widened, easing concern that next month’s elections will produce a government [...]
Foreign Exchange Update – AUD / USD
Wednesday, April 14th, 2010by Jon Beddell Foreign Currency Market Update – AUD / USD Update The Aussie dollar rebounded sharply after experiencing a bout of weakness in early February that was caused by a correction in world stock markets and a surprise decision by the Reserve bank of Australia to keep interest rates on hold at 3.75% (investors [...]
Currency Broker TorFX Becomes FSA authorised
Wednesday, April 14th, 2010One of the UK’s leading currency brokers has become FSA authorised under the new Payment Service Regulations 2009. The new legislation was brought in to govern the way money transmitters and currency brokers provide “payment services” to their customers. TorFX provides commercial exchange rates to individuals and companies who need to make large currency transfers. Typical [...]
Foreign Exchange News – The Pound rose against the majors, after the UK trade deficit narrowed in February
Wednesday, April 14th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rose against the Euro yesterday, while the UK currency traded close to its strongest level since February 23rd versus the U.S Dollar, after a government report showed that UK exports surged in February and home values increased in March. The Office of National Statistics [...]
Foreign Exchange Daily Insight – The Pound declines against the majors amid uncertainty over the General Election
Tuesday, April 13th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound declined heavily against the resurgent Euro yesterday, while the UK currency also fell towards the pivotal support level at $1.5350, as the level of uncertainty surrounding the outcome of the general election continues to undermine sentiment. Sterling will be strongly influenced by opinion polls [...]
Japanese Yen Foreign Exchange market News
Tuesday, April 13th, 2010by Jon Beddell Foreign Currency Market Update – Japanese Yen Update Sterling has been making good headway against the “safe haven” currencies as investors start to look toward an election outcome. Any outcome! The uncertainty surrounding the May vote has been a drag on sentiment for some time now, and with the announcement of an [...]
Euro / US Dollar Foreign Exchange Update
Tuesday, April 13th, 2010by Jon Beddell Foreign Currency Market Update – Euro US Dollar Update The Euro was given a shot in the arm over the weekend as Euro zone countries firmed up a rescue package for ailing Greece. Tensions came to a head last week as the yield demanded by investors on Greek government debt rose above [...]
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