Euros to US Dollars : Setbacks have stalled for now ahead of critical support in the form of the higher low by 1.4155 from 18Apr. At this point, it sis difficult to determine whether the market will attempt to retain the underlying bullish momentum and look to establish a fresh higher low above 1.4155, or continue to falter below 1.4155 and force a shift in the broader structure. For now, we would use Tuesday's range as a short-term directional gauge. A break back above Tuesday's high at 1.4445 will be needed to encourage bulls, while back below Tuesday's low at 1.4255 will provide more confidence for bears.                          
             
US Dollars to Japanese Yen :  Despite the latest slide, we continue to retain a constructive outlook for the market so long as it holds above the daily Ichimoku cloud on a weekly close basis. Ultimately, only a sustained break back below the cloud would negate constructive outlook. A break and close back above 81.00 would confirm outlook and accelerate gains, with daily studies turning up from oversold levels. In the interim, we remain on the sidelines.           .                                        

Pounds to US Dollars : The latest pullback has now resulted in a test of some rising trend-line support off of the late March lows, and as such, we will stand aside for now to see how the market responds to the trend-line. The 50-Day SMA has managed to support additional declines for now, but a break below would confirm a trend-line break and open deeper setbacks towards 1.6000. Inability to break below the 50-Day would open the door for a resumption of gains initially back towards the 1.6600 area.                           
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8600 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8500 on a daily close basis, while only a break and weekly close below 0.8500 ultimately delays outlook. The bullish reversal over the past few days is encouraging for recovery outlook, though the market will need to continue to extend gains beyond 0.8800 for confidence to build.                                     

Australian Dollars to US Dollars : The latest sharp setbacks off of the post float record highs just over 1.1000 suggest that some form of a top could now be in place. Both the 10/20-Day SMAs have been easily breached and next key support now comes in by 1.0440. It is worth noting that weekly studies show the formation of a bearish outside week, and this could further suggest that a material top is in place over 1.1000. However, confirmation will only be given on a break back below 1.0535. From here, look for intraday rallies to be well capped on a close basis below the 10-Day SMA, which currently comes in around 1.0800, with only a daily close back above 1.0850 negating bearish outlook.          
      
New Zealand Dollars to US Dollars : The latest break below 0.7820 is significant and suggests that a key top is now in place by 0.8120. From here, look for deeper setbacks towards next key support in the 0.7600's by the 50/100-Day SMAs. The 10-Day SMA looks like it could be on the verge of a negative cross with the 20-Day SMA to further confirm negative outlook, and as such, any intraday rallies from here should be well capped below 0.8000 on a daily close basis. Back above 0.8000 concerns.                                                   
US Dollars to Canadian Dollars : The market has finally managed to mount a nice recovery since basing out by fresh multi-month lows in the 0.9400's and could be in the process of attempting to establish a more meaningful recovery. From here, look for a daily close back above 0.9700 to confirm outlook and accelerate gains towards 0.9900, while any intraday setbacks are expected to be well supported above 0.9550 on a daily close basis. Back below 0.9950 concerns.     

Euros to Japanese Yen : The latest sharp pullbacks into the 115.00's have been intense, although the market is expected to find some formidable support by the previous resistance area now turned support. Look for a fresh medium-term higher low to carve out somewhere around115.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. A daily close below 115.00 concerns.                                                                        

Pounds To Japanese Yen : Bearish price action over past few days certainly does a good job of compromising our constructive outlook. However, despite the market closing below the 100 and 200-Day SMAs, any setbacks below have been limited, and we prefer to give some more time before making any decisions with regard to trend shift. Instead, look for the cross to establish back above the longer-term SMAs ahead of the next major upside extension back towards 140.00.                                           

Euros to Swiss Francs : Overall, since basing out by fresh record lows by 1.2400 back in late 2010, the cross has been locked in some choppy consolidation. However, while the 1.2400 record lows hold, we continue to favour buying into dips, with medium-term and longer-term technical's looking stretched and in the process of attempting to turn up from oversold readings. A successful defence ahead of 1.2400 followed by a break back above 1.2800 will confirm outlook and accelerate gains. A daily close below 1.2400 negates.                        

To read more please visit www.dailyfx.com

 

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]]> http://www.imsfx.co.uk/daily_report/may_2011/Buying-Euros-13-05-2011.htm Pounds to Australian Dollars C03087E5-C435-4FC1-9538-AD891A0673C9 Fri, 13 May 2011 11:25:33 +0100 Daily news story:

Exchange Rate Outlook - Buy Euros best rates today

 

Euros to US Dollars : Setbacks have stalled for now ahead of critical support in the form of the higher low by 1.4155 from 18Apr. At this point, it sis difficult to determine whether the market will attempt to retain the underlying bullish momentum and look to establish a fresh higher low above 1.4155, or continue to falter below 1.4155 and force a shift in the broader structure. For now, we would use Tuesday's range as a short-term directional gauge. A break back above Tuesday's high at 1.4445 will be needed to encourage bulls, while back below Tuesday's low at 1.4255 will provide more confidence for bears.                          
             
US Dollars to Japanese Yen :  Despite the latest slide, we continue to retain a constructive outlook for the market so long as it holds above the daily Ichimoku cloud on a weekly close basis. Ultimately, only a sustained break back below the cloud would negate constructive outlook. A break and close back above 81.00 would confirm outlook and accelerate gains, with daily studies turning up from oversold levels. In the interim, we remain on the sidelines.           .                                        

Pounds to US Dollars : The latest pullback has now resulted in a test of some rising trend-line support off of the late March lows, and as such, we will stand aside for now to see how the market responds to the trend-line. The 50-Day SMA has managed to support additional declines for now, but a break below would confirm a trend-line break and open deeper setbacks towards 1.6000. Inability to break below the 50-Day would open the door for a resumption of gains initially back towards the 1.6600 area.                           
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8600 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8500 on a daily close basis, while only a break and weekly close below 0.8500 ultimately delays outlook. The bullish reversal over the past few days is encouraging for recovery outlook, though the market will need to continue to extend gains beyond 0.8800 for confidence to build.                                     

Australian Dollars to US Dollars : The latest sharp setbacks off of the post float record highs just over 1.1000 suggest that some form of a top could now be in place. Both the 10/20-Day SMAs have been easily breached and next key support now comes in by 1.0440. It is worth noting that weekly studies show the formation of a bearish outside week, and this could further suggest that a material top is in place over 1.1000. However, confirmation will only be given on a break back below 1.0535. From here, look for intraday rallies to be well capped on a close basis below the 10-Day SMA, which currently comes in around 1.0800, with only a daily close back above 1.0850 negating bearish outlook.          
      
New Zealand Dollars to US Dollars : The latest break below 0.7820 is significant and suggests that a key top is now in place by 0.8120. From here, look for deeper setbacks towards next key support in the 0.7600's by the 50/100-Day SMAs. The 10-Day SMA looks like it could be on the verge of a negative cross with the 20-Day SMA to further confirm negative outlook, and as such, any intraday rallies from here should be well capped below 0.8000 on a daily close basis. Back above 0.8000 concerns.                                                   
US Dollars to Canadian Dollars : The market has finally managed to mount a nice recovery since basing out by fresh multi-month lows in the 0.9400's and could be in the process of attempting to establish a more meaningful recovery. From here, look for a daily close back above 0.9700 to confirm outlook and accelerate gains towards 0.9900, while any intraday setbacks are expected to be well supported above 0.9550 on a daily close basis. Back below 0.9950 concerns.     

Euros to Japanese Yen : The latest sharp pullbacks into the 115.00's have been intense, although the market is expected to find some formidable support by the previous resistance area now turned support. Look for a fresh medium-term higher low to carve out somewhere around115.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. A daily close below 115.00 concerns.                                                                        

Pounds To Japanese Yen : Bearish price action over past few days certainly does a good job of compromising our constructive outlook. However, despite the market closing below the 100 and 200-Day SMAs, any setbacks below have been limited, and we prefer to give some more time before making any decisions with regard to trend shift. Instead, look for the cross to establish back above the longer-term SMAs ahead of the next major upside extension back towards 140.00.                                           

Euros to Swiss Francs : Overall, since basing out by fresh record lows by 1.2400 back in late 2010, the cross has been locked in some choppy consolidation. However, while the 1.2400 record lows hold, we continue to favour buying into dips, with medium-term and longer-term technical's looking stretched and in the process of attempting to turn up from oversold readings. A successful defence ahead of 1.2400 followed by a break back above 1.2800 will confirm outlook and accelerate gains. A daily close below 1.2400 negates.                        

To read more please visit www.dailyfx.com

 

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]]> http://www.imsfx.co.uk/daily_report/may_2011/Buying-Euros-12-05-2011.htm Pounds to Australian Dollars 5B060032-1D51-42EF-81D7-C5E277B2B032 Thu, 12 May 2011 14:41:21 +0100 Buy Travel Money at the best exchange rates http://www.travelfx.co.uk Pounds to Australian Dollars DFBF36E4-44CD-4F0E-BACE-9527B31A1EDB Thu, 12 May 2011 14:38:59 +0100 Daily news story:

Exchange Rate Outlook - Buy Euros best rates today

 

Euros to US Dollars : Setbacks have stalled for now ahead of critical support in the form of the higher low by 1.4155 from 18Apr. At this point, it sis difficult to determine whether the market will attempt to retain the underlying bullish momentum and look to establish a fresh higher low above 1.4155, or continue to falter below 1.4155 and force a shift in the broader structure. For now, we would use Tuesday's range as a short-term directional gauge. A break back above Tuesday's high at 1.4445 will be needed to encourage bulls, while back below Tuesday's low at 1.4255 will provide more confidence for bears.                          
             
US Dollars to Japanese Yen :  Despite the latest slide, we continue to retain a constructive outlook for the market so long as it holds above the daily Ichimoku cloud on a weekly close basis. Ultimately, only a sustained break back below the cloud would negate constructive outlook. A break and close back above 81.00 would confirm outlook and accelerate gains, with daily studies turning up from oversold levels. In the interim, we remain on the sidelines.           .                                        

Pounds to US Dollars : The latest pullback has now resulted in a test of some rising trend-line support off of the late March lows, and as such, we will stand aside for now to see how the market responds to the trend-line. The 50-Day SMA has managed to support additional declines for now, but a break below would confirm a trend-line break and open deeper setbacks towards 1.6000. Inability to break below the 50-Day would open the door for a resumption of gains initially back towards the 1.6600 area.                           
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8600 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8500 on a daily close basis, while only a break and weekly close below 0.8500 ultimately delays outlook. The bullish reversal over the past few days is encouraging for recovery outlook, though the market will need to continue to extend gains beyond 0.8800 for confidence to build.                                     

Australian Dollars to US Dollars : The latest sharp setbacks off of the post float record highs just over 1.1000 suggest that some form of a top could now be in place. Both the 10/20-Day SMAs have been easily breached and next key support now comes in by 1.0440. It is worth noting that weekly studies show the formation of a bearish outside week, and this could further suggest that a material top is in place over 1.1000. However, confirmation will only be given on a break back below 1.0535. From here, look for intraday rallies to be well capped on a close basis below the 10-Day SMA, which currently comes in around 1.0800, with only a daily close back above 1.0850 negating bearish outlook.          
      
New Zealand Dollars to US Dollars : The latest break below 0.7820 is significant and suggests that a key top is now in place by 0.8120. From here, look for deeper setbacks towards next key support in the 0.7600's by the 50/100-Day SMAs. The 10-Day SMA looks like it could be on the verge of a negative cross with the 20-Day SMA to further confirm negative outlook, and as such, any intraday rallies from here should be well capped below 0.8000 on a daily close basis. Back above 0.8000 concerns.                                                   
US Dollars to Canadian Dollars : The market has finally managed to mount a nice recovery since basing out by fresh multi-month lows in the 0.9400's and could be in the process of attempting to establish a more meaningful recovery. From here, look for a daily close back above 0.9700 to confirm outlook and accelerate gains towards 0.9900, while any intraday setbacks are expected to be well supported above 0.9550 on a daily close basis. Back below 0.9950 concerns.     

Euros to Japanese Yen : The latest sharp pullbacks into the 115.00's have been intense, although the market is expected to find some formidable support by the previous resistance area now turned support. Look for a fresh medium-term higher low to carve out somewhere around115.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. A daily close below 115.00 concerns.                                                                        

Pounds To Japanese Yen : Bearish price action over past few days certainly does a good job of compromising our constructive outlook. However, despite the market closing below the 100 and 200-Day SMAs, any setbacks below have been limited, and we prefer to give some more time before making any decisions with regard to trend shift. Instead, look for the cross to establish back above the longer-term SMAs ahead of the next major upside extension back towards 140.00.                                           

Euros to Swiss Francs : Overall, since basing out by fresh record lows by 1.2400 back in late 2010, the cross has been locked in some choppy consolidation. However, while the 1.2400 record lows hold, we continue to favour buying into dips, with medium-term and longer-term technical's looking stretched and in the process of attempting to turn up from oversold readings. A successful defence ahead of 1.2400 followed by a break back above 1.2800 will confirm outlook and accelerate gains. A daily close below 1.2400 negates.                        

To read more please visit www.dailyfx.com

 

Travel-FX

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]]> http://www.imsfx.co.uk/daily_report/may_2011/Buying-Euros-10-05-2011.htm Pounds to Australian Dollars BD258FE6-41E8-4170-9DFE-C7F87A3F5CC2 Thu, 12 May 2011 14:38:58 +0100 Daily news story:

Exchange Rate Outlook - Buy Travel Money Online Today

 

Euros to US Dollars :The market has finally succumbed to some heavily overbought readings, with the price dropping significantly over the past few days to trade back below the 20-Day SMA. The daily close below the moving average could be significant and warn of deeper setbacks to come, however, while the market holds above 1.4155, the overall structure remains bullish. Next key support comes in by 1.4280 in the form of the 50-Day SMA, while any rallies should be well capped for now above 1.4600. A bearish outside week in the previous week does offer further evidence of the potential for a more significant move lower.                          
             
US Dollars to Japanese Yen :  Despite the latest slide, we continue to retain a constructive outlook for the market so long as it holds above the daily Ichimoku cloud on a weekly close basis. Ultimately, only a sustained break back below the cloud would negate constructive outlook. A break and close back above 81.00 would confirm outlook and accelerate gains, with daily studies turning up from oversold levels.        .                                        

Pounds to US Dollars : The latest pullback has now resulted in a test of some rising trend-line support off of the late March lows, and as such, we will stand aside for now to see how the market responds to the trend-line. The 50-Day SMA comes in by 1.6285 and a break below would confirm a trend-line break and open deeper setbacks towards 1.6000, while inability to break below the latter would open the door for a resumption of gains initially back towards th 1.6600 area.                         
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8600 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8500 on a daily close basis, while only a break and weekly close below 0.8500 ultimately delays outlook. Last Thursday's strong bullish reversal day is encouraging for recovery outlook, though the market will need to continue to extend gains beyond 0.8800 for confidence to build.                                     

Australian Dollars to US Dollars : The latest sharp setbacks off of the post float record highs just over 1.1000 suggest that some form of a top could now be in place. Both the 10/20-Day SMAs have been easily breached and next key support now comes in by 1.0440. It is worth noting that weekly studies show the formation of a bearish outside week, and this could further suggest that a material top is in place over 1.1000. However, confirmation will only be given on a break back below 1.0535. From here, look for any intraday rallies to be well capped on a close basis below the 10-Day SMA, which currently comes in around 1.0800, with only a daily close back above 1.0850 negating bearish outlook.      
      
New Zealand Dollars to US Dollars : The latest break below 0.7820 is significant and suggests that a key top is now in place by 0.8120. From here, look for deeper setbacks towards next key support in the 0.7600's by the 50/100-Day SMAs. The 10-Day SMA looks like it could be on the verge of a negative cross with the 20-Day SMA to further confirm negative outlook, and as such, any intraday rallies from here should be well capped below 0.8000 on a daily close basis. Back above 0.8000 concerns.                                           
US Dollars to Canadian Dollars : The market has finally managed to mount a nice recovery since basing out by fresh multi-month lows in the 0.9400's and could be in the process of attempting to establish a more meaningful recovery. From here, look for a daily close back above 0.9700 to confirm outlook and accelerate gains towards 0.9900, while any intraday setbacks are expected to be well supported above 0.9550 on a daily close basis. Back below 0.9950 concerns.    

Euros to Japanese Yen : The latest sharp pullbacks into the 115.00's have been intense, although the market is expected to find some formidable support by the previous resistance area now turned support. Look for a fresh medium-term higher low to carve out somewhere above 115.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. A daily close below 115.00 concerns.                                                                    

Pounds To Japanese Yen : Bearish price action over past few days certainly does a good job of compromising our constructive outlook. However, despite the market closing below the 100 and 200-Day SMAs, any setbacks below have been limited, and we prefer to give some more time before making any decisions with regard to trend shift. Instead, look for the cross to establish back above the longer-term SMAs ahead of the next major upside extension back towards 140.00.                                     

Euros to Swiss Francs : Overall, since basing out by fresh record lows by 1.2400 back in late 2010, the cross has been locked in some choppy consolidation. However, while the 1.2400 record lows hold, we continue to favour buying into dips, with medium-term and longer-term technical's looking stretched and in the process of attempting to turn up from oversold readings. A successful defence ahead of 1.2500 followed by a break back above 1.2800 will confirm outlook and accelerate gains. Below 1.2500 concerns.                       

To read more please visit www.dailyfx.com

 

Travel-FX

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]]> http://www.imsfx.co.uk/daily_report/may_2011/Buying-Euros-09-05-2011.htm Pounds to Australian Dollars 36013626-9A1A-4028-ACC9-6D37F0E0295E Mon, 9 May 2011 10:35:18 +0100 Daily news story:

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Euros to US Dollars :Although the market has been looking quite stretched on the daily chart and potentially due for some form of a more intense corrective pullback, any intraday dips continue to be very well supported and the market adheres to a very well defined and intense uptrend off of the 2011 lows. We have the trend-line currently coming in just over 1.4300, and at this point, we would need to see a daily close below 1.4300 to officially shift the structure and signal a reversal in the trend. Monday's early break below the previous weekly lows encourages prospects for said reversal, but again, we will need to see a close back below 1.4300 to really confirm trend shift and accelerate declines.                       
             
US Dollars to Japanese Yen :  Although the market is currently in the process of correcting from the latest surge to 85.50, the recent break back above 84.50 is significant and could pave the way for additional medium-term and longer-term gains ahead. Therefore, we like the idea of buying on dips back towards previous resistance now turned support in the form of the daily Ichimoku cloud top by 82.50. Ultimately, only a daily close back below 82.00 would concern.   .                                        

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies towards 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000.             
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8900 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8900 on a daily close basis, while back above 0.9000 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below 0.8900 ultimately delays outlook.                                    

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favour looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. The preferred strategy is to sell any rallies above 1.0550 in anticipation of another topside failure ahead of 1.0600 and the eventual formation of an inter-day double top. The neckline comes in by last Tuesday's 1.0390 lows, with a break below to initially open the door for deeper setbacks towards a measured move objective by 1.0200.   
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.8000  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top by 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7925 to officially confirm topping and accelerate declines. A break and close below 0.7925 on Monday would also end an incredible sequence of 21 consecutive daily closes above the previous daily low.            
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Back above 0.9670 further confirms bias and should accelerate.  

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                                 

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 132.00-135.00 is the preferred strategy.                          

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defense of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported above 1.2800 on a daily close basis.                  

To read more please visit www.dailyfx.com

 

Travel-FX

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]]> http://www.travelfx.co.uk Pounds to Australian Dollars 8A93B5A4-B13B-422B-B322-D116AF42011F Wed, 4 May 2011 15:50:04 +0100 Daily news story:

Exchange Rate Outlook - Currency Exchange Rates Today

 

Euros to US Dollars :Daily studies could be in the process of attempting to correct from overbought, with the RSI looking to roll over from above 70 levels, and we would look for a daily close below 1.4750 on Wednesday to confirm short-term topping and open the door for a more significant short-term corrective decline towards the 20-Day SMA by 1.4565. A sequence of consecutive daily higher lows has also been broken to warn of the potential bearish reversal, but with the trend having been so intensely bullish, we would wait for the daily close below 1.4750 for confirmation. Ultimately however, any setbacks from here are still viewed as corrective, with the market very much confined to a well defined multi-week up-trend from early 2011. Perhaps a daily close below the 20-Day SMA would officially shift the shorter-term outlook. Back above 1.4900 however, exposes next critical resistance by 1.5000 and then the 2009 highs further up at 1.5145.                         
             
US Dollars to Japanese Yen :  Despite the latest slide back below 82.00, we continue to retain a constructive outlook for the market so long as it holds above the daily Ichimoku cloud (80.50 is currently top of cloud and 80.15 is bottom). Use the cloud as a reference point and look to buy dips to the cloud top. Ideal entry for a long position on Wednesday comes in by 80.35. Ultimately, only a sustained break back below the cloud would negate constructive outlook.       .                                        

Pounds to US Dollars : The latest surge through psychological barriers at 1.6500 has now negated the multi-week range trade and potentially exposes fresh upside ahead. The 2009 highs come in by next critical resistance in the form of the 1.7000 barrier and we could now se a test of this level over the coming days. Still, this market has proven to be very well offered on any fresh rallies, and we would therefore recommend proceeding with caution. Tuesday's setbacks confirm our theory and could now open a deeper drop towards 1.6300 before fresh buyers reassert. In the interim, we remain on the sidelines and await a clearer signal.                  
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8600 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8500 on a daily close basis, while a daily close back above 0.8675 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below 0.8500 ultimately delays outlook.                                    

Australian Dollars to US Dollars : The uptrend remains firmly intact and the intensity of the move has been unrelenting. Still, we continue to see the greater risk over the short-term for some form of meaningful corrective reversal, with daily studies rolling over from overbought and the market trading just off 30-year and post float record highs above 1.1000. The market has most recently broken back below the 10-Day SMA, and a daily close below the shorter-term moving average could officially signal the onset of a short-term corrective reversal.     
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading all the way back above 0.8000  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top by 0.8100 in favor of a bearish reversal back towards and eventually below 0.7820. A topside failure above 0.8000 and break over the coming days back below 0.7820 would set up a meaningful topping formation that would then open a fresh drop all the way back towards the 0.7600 area. A break and daily close back above 0.8100 negates and gives reason for pause.                   
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9500 in recent trade to fresh multi-month lows in the 0.9400's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a weekly close below 0.9400 would delay. A daily close back above 0.9580 further confirms bias and should accelerate.   

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                                 

Pounds To Japanese Yen : Following the break above some critical multi-week resistance by 138.00 several days back, we have shifted our outlook to the constructive side and see risks for more material gains over the medium term beyond 140.00. As such, the latest pullback is classified as corrective and any additional weakness should prove to be well supported by the 100/200-Day SMAs in the 132.00 area. Only a sustained break back below these longer-term moving averages would negate.                               

Euros to Swiss Francs : The market remains very well supported on dips and following the successful defence of the record lows by 1.2400. Look for any setbacks from here to be well supported above 1.2700 on a daily close basis. Back above the 20-Day SMA confirms and should accelerate gains. In the interim, we remain sidelined amidst the latest consolidation.                      

To read more please visit www.dailyfx.com

 

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Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/may_2011/Buying-Euros-04-05-2011.htm Pounds to Australian Dollars 6111E7CE-D95A-450E-AA72-1558AED6FEA7 Wed, 4 May 2011 15:49:11 +0100 Daily news story:

Exchange Rate Outlook - Holiday Money

 

Euros to US Dollars :The latest break and daily close below some major rising trend-line off of the 2011 lows is significant, and should now open the door for deeper setbacks over the coming days. Look for any rallies back above 1.4400 to be well capped as a fresh lower top is sought out, with the figure to act as a formidable former support now turned resistance zone. Of course, a break back below Monday's 1.4155 lows will be required to officially confirm fresh lower top and expose a drop back below 1.4000. Above 1.4520 negates and gives reason for concern.                        
             
US Dollars to Japanese Yen :  The latest round of setbacks off of the 85.50 multi-day highs have been well supported above 82.00 and by the previous resistance now turned support in the form of the daily Ichimoku cloud. From here, look for a fresh higher low ahead of the next  upside extension to eventually be confirmed on a break back above 85.50 over the coming days. Ultimately, only a daily close back below 82.00 would negate and give reason for pause.      .                                        

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies towards 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000.             
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8900 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8900 on a daily close basis, while back above 0.9000 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below 0.8900 ultimately delays outlook.                                    

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favour looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. The preferred strategy is to sell any rallies above 1.0550 in anticipation of another topside failure ahead of 1.0600 and the eventual formation of an inter-day double top. The neckline comes in by last Tuesday's 1.0390 lows, with a break below to initially open the door for deeper setbacks towards a measured move objective by 1.0200.   
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.8000  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top by 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7925 to officially confirm topping and accelerate declines. A break and close below 0.7925 on Monday would also end an incredible sequence of 21 consecutive daily closes above the previous daily low.            
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Back above 0.9670 further confirms bias and should accelerate.  

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                                 

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 132.00-135.00 is the preferred strategy.                          

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defense of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported above 1.2800 on a daily close basis.                  

To read more please visit www.dailyfx.com

 

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Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-21-04-2011.htm Pounds to Australian Dollars 0E411074-2C22-4566-AE63-46A4EC5B05E2 Thu, 21 Apr 2011 12:10:45 +0100 Daily news story:

Exchange Rate Outlook - Holiday Money best rates Today

 

Euros to US Dollars :Although the market has been looking quite stretched on the daily chart and potentially due for some form of a more intense corrective pullback, any intraday dips continue to be very well supported and the market adheres to a very well defined and intense uptrend off of the 2011 lows. We have the trend-line currently coming in just over 1.4300, and at this point, we would need to see a daily close below 1.4300 to officially shift the structure and signal a reversal in the trend. Monday's early break below the previous weekly lows encourages prospects for said reversal, but again, we will need to see a close back below 1.4300 to really confirm trend shift and accelerate declines.                       
             
US Dollars to Japanese Yen :  Although the market is currently in the process of correcting from the latest surge to 85.50, the recent break back above 84.50 is significant and could pave the way for additional medium-term and longer-term gains ahead. Therefore, we like the idea of buying on dips back towards previous resistance now turned support in the form of the daily Ichimoku cloud top by 82.50. Ultimately, only a daily close back below 82.00 would concern.   .                                        

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies towards 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000.             
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8900 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8900 on a daily close basis, while back above 0.9000 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below 0.8900 ultimately delays outlook.                                    

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favour looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. The preferred strategy is to sell any rallies above 1.0550 in anticipation of another topside failure ahead of 1.0600 and the eventual formation of an inter-day double top. The neckline comes in by last Tuesday's 1.0390 lows, with a break below to initially open the door for deeper setbacks towards a measured move objective by 1.0200.   
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.8000  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top by 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7925 to officially confirm topping and accelerate declines. A break and close below 0.7925 on Monday would also end an incredible sequence of 21 consecutive daily closes above the previous daily low.            
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Back above 0.9670 further confirms bias and should accelerate.  

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                                 

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 132.00-135.00 is the preferred strategy.                          

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defense of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported above 1.2800 on a daily close basis.                  

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.travelfx.co.uk Pounds to Australian Dollars A94021C3-75B7-4821-9387-251D8B7C9EE7 Thu, 21 Apr 2011 12:10:16 +0100 Daily news story:

Exchange Rate Outlook - Holiday Money best rates Today

 

Euros to US Dollars :Although the market has been looking quite stretched on the daily chart and potentially due for some form of a more intense corrective pullback, any intraday dips continue to be very well supported and the market adheres to a very well defined and intense uptrend off of the 2011 lows. We have the trend-line currently coming in just over 1.4300, and at this point, we would need to see a daily close below 1.4300 to officially shift the structure and signal a reversal in the trend. Monday's early break below the previous weekly lows encourages prospects for said reversal, but again, we will need to see a close back below 1.4300 to really confirm trend shift and accelerate declines.                       
             
US Dollars to Japanese Yen :  Although the market is currently in the process of correcting from the latest surge to 85.50, the recent break back above 84.50 is significant and could pave the way for additional medium-term and longer-term gains ahead. Therefore, we like the idea of buying on dips back towards previous resistance now turned support in the form of the daily Ichimoku cloud top by 82.50. Ultimately, only a daily close back below 82.00 would concern.   .                                        

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies towards 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000.             
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.8900 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8900 on a daily close basis, while back above 0.9000 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below 0.8900 ultimately delays outlook.                                    

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favour looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. The preferred strategy is to sell any rallies above 1.0550 in anticipation of another topside failure ahead of 1.0600 and the eventual formation of an inter-day double top. The neckline comes in by last Tuesday's 1.0390 lows, with a break below to initially open the door for deeper setbacks towards a measured move objective by 1.0200.   
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.8000  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top by 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7925 to officially confirm topping and accelerate declines. A break and close below 0.7925 on Monday would also end an incredible sequence of 21 consecutive daily closes above the previous daily low.            
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Back above 0.9670 further confirms bias and should accelerate.  

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                                 

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 132.00-135.00 is the preferred strategy.                          

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defense of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported above 1.2800 on a daily close basis.                  

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-19-04-2011.htm Pounds to Australian Dollars D088EA64-32EB-4AE7-8759-2CCB9C86BC42 Tue, 19 Apr 2011 11:35:59 +0100 Daily news story:

Exchange Rate Outlook - Buy Holiday Money best rates Today

 

Euros to US Dollars :The market remains well bid by fresh yearly highs and now eyes a retest of next key resistance which comes in by the 2010 highs at 1.4580. Daily studies are now officially overbought with the RSI above 70, and as such, we would not rule out the possibility for a short-term reversal. However, any setbacks are expected to continue to be very well supported ahead of the critical rising trend-line support off of the 2011 lows just over1.4300. A break below 1.4375 will help to relieve short-term topside pressures, but ultimately, only a break and close back below 1.4300 would officially negate bullish momentum.                      
             
US Dollars to Japanese Yen :  The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies are currently in the process of unwinding from overbought levels and buying on dips back towards the daily Ichimoku cloud top (82.50) would be the preferred strategy. Next key resistance comes in by the September 2010 highs at 85.90.                                        

Pounds to US Dollars : T he market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies towards 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000.              
              
US Dollars to Swiss Francs :  The latest break back towards the recently established fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8950 on a daily close basis, while back above 0.9075 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below the recent record spike lows by 0.8900 ultimately delays outlook.                                

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favour looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. The preferred strategy on Thursday is to sell any rallies above 1.0550 in anticipation of another topside failure ahead of 1.0600 and the eventual formation of an intraday double top. The neckline comes in by Tuesday's 1.0390 lows.  
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7900  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7865 to officially confirm topping and accelerate declines.        
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Back above 0.9660 further confirms bias and should accelerate. 

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                               

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 135.00 is the preferred strategy.                       

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported ahead of 1.2800.                 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-15-04-2011.htm Pounds to Australian Dollars C877D80E-2678-4807-BD3D-C3DC64C8EF3C Fri, 15 Apr 2011 16:06:29 +0100 Daily news story:

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Euros to US Dollars :The market remains well bid by fresh yearly highs and now eyes a retest of next key resistance which comes in by the 2010 highs at 1.4580. Daily studies are now officially overbought with the RSI above 70, and as such, we would not rule out the possibility for a short-term reversal. However, any setbacks are expected to continue to be very well supported ahead of the critical rising trend-line support off of the 2011 lows just over1.4300. A break below 1.4375 will help to relieve short-term topside pressures, but ultimately, only a break and close back below 1.4300 would officially negate bullish momentum.                      
             
US Dollars to Japanese Yen :  The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies are currently in the process of unwinding from overbought levels and buying on dips back towards the daily Ichimoku cloud top (82.50) would be the preferred strategy. Next key resistance comes in by the September 2010 highs at 85.90.                                        

Pounds to US Dollars : T he market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies towards 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000.              
              
US Dollars to Swiss Francs :  The latest break back towards the recently established fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8950 on a daily close basis, while back above 0.9075 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below the recent record spike lows by 0.8900 ultimately delays outlook.                                

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favour looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. The preferred strategy on Thursday is to sell any rallies above 1.0550 in anticipation of another topside failure ahead of 1.0600 and the eventual formation of an intraday double top. The neckline comes in by Tuesday's 1.0390 lows.  
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7900  to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7865 to officially confirm topping and accelerate declines.        
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Back above 0.9660 further confirms bias and should accelerate. 

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                               

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 135.00 is the preferred strategy.                       

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported ahead of 1.2800.                 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-14-04-2011.htm Pounds to Australian Dollars C0F625A6-CEE2-452B-948F-CAEFDEDAEDBC Thu, 14 Apr 2011 14:05:16 +0100 Daily news story:

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Euros to US Dollars :The market remains well bid by fresh yearly highs and now eyes a retest of next key resistance which comes in by the 2010 highs at 1.4580. Daily studies are now officially overbought with the RSI above 70, and as such, we would not rule out the possibility for a short-term reversal. However, any setbacks are expected to continue to be very well supported ahead of the critical rising trend-line support off of the 2011 lows in the 1.4300 area. A break below 1.4375 will help to relieve short-term topside pressures, but ultimately, only a break and close back below 1.4300 would officially negate bullish momentum.                
             
US Dollars to Japanese Yen :  The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies are currently in the process of unwinding from overbought levels and buying on dips back towards the daily Ichimoku cloud top (82.50) would be the preferred strategy. Next key resistance comes in by the September 2010 highs at 85.90.                                     

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies above 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000. Tuesday's daily close back below 1.6300 confirms bias and should accelerate declines.             
              
US Dollars to Swiss Francs :  The latest break back towards the recently established fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8950 on a daily close basis, while back above 0.9075 will officially relieve immediate downside pressures and accelerate gains. Only a break and weekly close below the recent record spike lows by 0.8900 ultimately delays outlook.                            

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favor looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. Monday's bearish close and Tuesday's break back below Monday's low to end a sequence of consecutive daily higher lows already encourages reversal prospects and we look for a break back below 1.0380 on Wednesday to accelerate declines. 
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7800  thus far ahead of the latest minor setbacks. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.8000 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7745 to officially confirm and accelerate declines.     
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. Tuesday's daily close back above 0.9600 and break of the previous daily highs helps to confirm bullish bias and signals short-term base.

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                             

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 135.00 is the preferred strategy.                    

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported ahead of 1.2800.                

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-13-04-2011.htm Pounds to Australian Dollars C661BEFC-781D-4DB8-A25D-BD2A65EBF2E5 Thu, 14 Apr 2011 14:03:47 +0100 Daily news story:

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Euros to US Dollars :The latest topside failure ahead of psychological barriers at 1.4500 and subsequent bearish close on Monday could warn of the onset of a sizeable short-term corrective pullback. The major rising trend-line off the 2011 lows comes in by the 1.4250 area and we would expect to see a test of this level over the coming sessions. From there it will be interesting to see if the market can actually put in a daily close below the trend-line which it has been unable to do all year. Still, with daily studies in the process of rolling over from overbought, there is definitely a higher probability that the trend-line will be more at risk for a breach over the coming sessions. Ultimately, only a close back above 1.4500 negates and opens a test of the 2010 highs at 1.4580.           
             
US Dollars to Japanese Yen :  It has been quite a ride in this pair, with the market initially collapsing to fresh record lows by 76.30, before reversing sharply back above 80.00, and then ultimately racing higher to break a multi-week range on the topside and potentially opening the door for a meaningful longer-term reversal. The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies are currently in the process of unwinding from overbought levels and buying on dips back towards the daily Ichimoku cloud top (82.50) would be the preferred strategy. Next key resistance comes in by the September 2010 highs at 85.90. .                                     

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6400.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6400 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies above 1.6400 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6400 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6430 although as per our analysis, we expect the latest push above 1.6400 to once again be well capped over the coming sessions, in favour of yet another bearish reversal towards 1.6000. A daily close back below 1.6300 confirms bias and should accelerate declines.             
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.9010 (78.6% fib retrace off of latest low-high move) on a daily close basis, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows by 0.8900 ultimately delays outlook.                        

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favor looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. Initially, look for a daily close back below 1.0450 on Tuesday to take immediate pressure off of the topside and open the door for a legitimate bearish reversal. Monday's bearish close and Tuesday's break back below Monday's low to end a sequence of consecutive daily higher lows already encourages reversal prospects.
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7800  thus far ahead of the latest minor setbacks. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.7900 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7760 on Tuesday to confirm and accelerate declines.  
                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9600 in recent trade to fresh multi-month lows in the 0.9500's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back through parity. Ultimately, only a daily close below 0.9500 would delay. A daily close back above 0.9600 on Tuesday signals short-term base and should accelerate gains.         .                    

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however in the process of unwinding from overbought and buying into dips would be the preferred strategy. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                           

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however correcting from overbought so buying on dips back towards 135.00 is the preferred strategy.                 

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defense of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported ahead of 1.2800.               

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-12-04-2011.htm Pounds to Australian Dollars 5792342A-B93A-4BDE-984F-1091E3E88819 Tue, 12 Apr 2011 13:15:50 +0100 Daily news story:

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Euros to US Dollars :The market remains well bid for now and is in the process of contemplating the establishment above critical medium-term resistance in the form of the November 2010 peak at 1.4280. Daily studies still show room to run and above 1.4280, and there is very little in the way of any meaningful obstacles until the 2010 high at 1.4580. Still, there is the possibility that the market stalls out above 1.4400, but a break back and close below critical 2011 rising trend-line support at 1.4200 will be required at a minimum to relieve current topside pressures.         
             
US Dollars to Japanese Yen :  It has been quite a ride in this pair, with the market initially collapsing to fresh record lows by 76.30, before reversing sharply back above 80.00, and then ultimately racing higher to break a multi-week range on the topside and potentially opening the door for a meaningful longer-term reversal. The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies have reached overbought levels and buying on dips back towards the daily Ichimoku cloud top (83.00 area) would be the preferred strategy. Next key resistance comes in by the September 2010 highs at 85.90.                                     

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6300.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6300 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies above 1.6300 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6300 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6400 although as per our analysis, we expect the latest push above 1.6300 to once again be well capped over the coming sessions, in favor of yet another bearish reversal towards 1.6000.          
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.9100 on a daily close basis, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.                    

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0500 certainly delays our bearish outlook and now exposes a sustained move beyond this psychological barrier. However, we continue to favor looking for opportunities to sell at current levels, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the short-term, medium-term and longer-term. Initially, look for a break and close back below 1.0400 to take immediate pressure off of the topside and open the door for a bearish reversal.
      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7800  thus far ahead of the latest minor setbacks. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.7900 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7735 to confirm and accelerate declines.                  
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9700 in recent trade to fresh multi-month lows in the 0.9600's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back above parity. Ultimately, only a daily close below 0.9500 would delay.        .                    

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however now showing overbought and we would not at all be surprised to see some form of a pullback in the early week. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                          

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however overbought now so buying on dips back towards 135.00 is the preferred strategy.              

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported ahead of 1.2800.              

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-08-04-2011.htm Pounds to Australian Dollars 64A81B0E-8A4C-468F-B50B-039833C4F62E Fri, 8 Apr 2011 12:06:29 +0100 Daily news story:

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Euros to US Dollars :The market remains well bid for now and is in the process of contemplating the establishment above critical medium-term resistance in the form of the November 2010 peak at 1.4280. Daily studies still show room to run and once above 1.4280, and there is very little in the way of any meaningful obstacles until the 2010 high at 1.4580. Still, there is the possibility that the market stalls out once the 1.4280 level is tested, but a break back below 1.4020 will ultimately be required to take the immediate pressure off of the topside.    
             
US Dollars to Japanese Yen :  It has been quite a ride in this pair, with the market initially collapsing to fresh record lows by 76.30, before reversing sharply back above 80.00, and then ultimately racing higher to break a multi-week range on the topside and potentially opening the door for a meaningful longer-term reversal. The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies are starting to near overbought levels and buying on dips back towards the daily Ichimoku cloud top (82.70) would be the preferred strategy. Next key resistance comes in by the September 2010 highs at 85.90.                                   

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6300.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6300 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies above 1.6300 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6300 or below 1.6000 will potentially warn of a break of the range. Next key topside resistance comes in by 1.6400 although as per our analysis, we expect the latest push above 1.6300 to once again be well capped over the coming sessions.         
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.9100 on a daily close basis, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.                 

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0400 certainly delays our bearish outlook and potentially exposes a move towards next critical resistance by 1.0500 further up. However, we continue to favor looking for opportunities to sell above parity, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the medium-term. Initially, look for a break and close back below 1.0300 to take immediate pressure off of the topside and open the door for a bearish reversal. Monday's topside failure and Tuesday's bearish follow through could produce this result.      
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7700  thus far ahead of the latest minor setbacks. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.7800 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7660 to confirm and accelerate declines.               
US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9700 in recent trade to fresh multi-month lows in the 0.9600's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back above parity. Ultimately, only a daily close below 0.9500 would delay.        .                    

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however now showing overbought and we would not at all be surprised to see some form of a pullback in the early week. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                        

Pounds To Japanese Yen : The market has broken to fresh multi-week highs and now back above a clearly defined medium-term range top to suggest that we could see a fresh upside extension and legitimate bullish trend reversal from here. Next meaningful resistance comes in by the April 2010 highs at 146.00 and we would expect to see the market rally towards this level over the coming days. Daily studies are however overbought now so buying on dips back towards 135.00 is the preferred strategy            

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, and the latest break back above 1.3205 confirms bullish bias and likely signals a fresh upside extension towards 1.3500 over the coming sessions.  Look for any setbacks from here to be well supported ahead of 1.2800.             

To read more please visit www.dailyfx.com

 

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-06-04-2011.htm Pounds to Australian Dollars B04244D0-E49B-48B8-83FE-4DDFD568F5EB Wed, 6 Apr 2011 11:04:31 +0100 Daily news story:

Exchange Rate Outlook - Buying Dollars - Travel Money best currency rates

 

Euros to US Dollars :The market remains well bid for now and is in the process of contemplating the establishment above critical medium-term resistance in the form of the November 2010 peak at 1.4280. Daily studies still show room to run and once above 1.4280, and there is very little in the way of any meaningful obstacles until the 2010 high at 1.4580. Still, there is the possibility that the market stalls out once the 1.4280 level is tested, but a break back below 1.4020 will ultimately be required to take the immediate pressure off of the topside.                      
             
US Dollars to Japanese Yen :  It has been quite a ride in this pair, with the market initially collapsing to fresh record lows by 76.30, before reversing sharply back above 80.00, and then ultimately racing higher to break a multi-week range on the topside and potentially opening the door for a meaningful longer-term reversal. The latest break back above 84.50 is significant and could pave the way for additional gains ahead, although daily studies are starting to near overbought levels and buying on dips back towards the daily Ichimoku cloud top (82.70) would be the preferred strategy.                                  

Pounds to US Dollars : The market appears to be comfortable trading in a loosely defined range between 1.6000 and 1.6300.  Any dips below 1.6000 have been very well supported in recent days, while rallies above 1.6300 remain very well offered. For now therefore, the best strategy is to play the range and look to sell on rallies above 1.6300 and buy on dips below 1.6000. Meanwhile, a weekly close above 1.6300 or below 1.6000 will potentially warn of a break of the range.        
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.9100 on a daily close basis, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.              

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0400 certainly delays our bearish outlook and potentially exposes a move towards next critical resistance by 1.0500 further up. However, we continue to favour looking for opportunities to sell above parity, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the medium-term. Initially, look for a break and close back below 1.0300 to take immediate pressure off of the topside and open the door for a bearish reversal. Monday's topside failure and Tuesday's bearish follow through could produce this result.     
New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7700  thus far ahead of the latest minor setbacks. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.7800 in favor of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7660 to confirm and accelerate declines.             

US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9700 in recent trade to fresh multi-month lows in the 0.9600's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a longer-term higher low above 0.9055 ahead of the next major upside extension beyond 0.9975 and back above parity. Ultimately, only a daily close below 0.9500 would delay.    .                    

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. Daily studies are however now showing overbought and we would not at all be surprised to see some form of a pullback in the early week. Look for any inter-day pullbacks to be well supported ahead of 115.00.                                                      

Pounds To Japanese Yen : The cross remains very well bid within a multi-week range and looks to be on the verge of testing and potentially breaking the range high by 137.80. A weekly close above 137.80 will potentially warn of a significant bullish shift in the overall trend, while inability to establish above 137.80 will keep the range intact. In the interim, dips towards the 133.00 area are expected to be well supported.            

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, we are increasingly bullish with our outlook for the cross going forward. Look for the latest break back above 1.3040 to accelerate gains and expose more critical resistance by 1.3205 further up. Above 1.3205 then opens a fresh upside extension towards 1.3500. From here, any inter-day pullbacks should be well supported ahead of 1.3000.            

To read more please visit www.dailyfx.com

 

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-05-04-2011.htm Pounds to Australian Dollars EE02A3F5-A209-485C-9FDE-E70BAC48ACBA Tue, 5 Apr 2011 12:05:22 +0100 Daily news story:

Exchange Rate Outlook - Buying Euros - Travel Money best currency rates

 

Euros to US Dollars :A closer look at the weekly chart shows the market failing ahead of some key resistance from November 2010 at 1.4280 and reversing to confirm a bearish weekly close and break of a sequence of 5 consecutive weekly higher lows. This certainly warns of the potential for deeper setbacks ahead, and we initially will look for a daily close back below 1.4020 to provide further confirmation for reversal prospects. The 1.4020 level loosely coincides with some rising trend-line support off the 2011 lows and a daily close below this level could accelerate declines towards next key support by 1.3750 further down. Back above 1.4280 delays.                 
             
US Dollars to Japanese Yen :  The market has recovered a great deal since basing out by fresh record lows at 76.30 several days back, with the price now back in the very well defined range that had dominated trade for much of the previous weeks. The key levels to watch above and below come in by 84.50 and 79.75 respectively, and look for a sustained break on wither side to provide additional clarity and insight into directional bias. In there interim, we recommend taking to the sidelines.                                 

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. As we had warned in the previous daily analysis, the market has once again rejected trading above the figure to set up a bearish reversal exposing deeper setbacks into the 1.5700 area over the coming sessions. Ultimately, only back above 1.6300 delays.     
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.9100 on a daily close basis, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.          

Australian Dollars to US Dollars : The break to fresh multi-year highs through 1.0300 certainly delays our bearish outlook and potentially exposes a move towards next critical resistance by 1.0500 further up. However, we continue to favor looking for opportunities to sell above parity, with the market viewed as technically and cyclically overdone and at risk for a major pullback over the medium-term. Initially however, look for a break and close back below 1.0300 to take immediate pressure off of the topside and open the door for a short-term bearish reversal    

New Zealand Dollars to US Dollars : The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.7600 thus far ahead of the latest minor setbacks. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top below 0.7800 in favour of a bearish reversal back towards and eventually below 0.7100. Look for a break and close back below 0.7580 to confirm and accelerate declines.           

US Dollars to Canadian Dollars : Any recoveries in this market have been short-lived, with the price dropping back below 0.9700 in recent trade to test multi-month lows in the 0.9600's. However, despite the weakness, we see risks for additional declines from here as limited, with the greater risk for the formation of a medium-term higher low in favour of the next major upside extension beyond 0.9975 and back above parity. Ultimately, only a daily close below 0.9600 would delay.                    

Euros to Japanese Yen : The market has finally taken out some critical multi-week range resistance in the 116.00 area and we believe this to be a significant medium-term development. The break above 116.00 now suggests that a major base is in place with fresh upside now projected back towards the 125.00 area over the coming days. In the interim, look for any inter-day pullbacks to be well supported ahead of 113.00.                                                     

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a weekly close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.            

Euros to Swiss Francs : The market remains very well supported on dips and following the latest successful defence of the record lows by 1.2400, we are increasingly bullish with our outlook for the cross going forward. Look for the latest break back above 1.3040 to accelerate gains and expose more critical resistance by 1.3205 further up. Above 1.3205 then opens a fresh upside extension towards 1.3500. From here, any inter-day pullbacks should be well supported ahead of 1.2800.           

To read more please visit www.dailyfx.com

 

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]]> http://www.imsfx.co.uk/daily_report/april_2011/Buying-Euros-01-04-2011.htm Pounds to Australian Dollars 15300E83-4679-4686-AF6C-BF3A226A87F7 Fri, 1 Apr 2011 12:32:37 +0100 Daily news story:

Exchange Rate Outlook - Buying Euros - best rates

 

Euros to US Dollars :The market has stalled out for now ahead of the key November 2010 highs by 1.4280 and is in the process of a correction. At this point, the pullback can only be classified as short-term corrective weakness and ultimately, only a break back below 1.3750 would be required to negate this structure. In the interim, look for a fresh higher low to carve out somewhere ahead of 1.3800 in favour of the next upside extension towards 1.4280.  
             
US Dollars to Japanese Yen :  The latest violent drop-off to fresh record lows by 76.35 has been intense, with the market threatening a fresh longer-term downside extension below 80.00. However, given the nature of the move, we would not at this point categorize the downside break as anything significant that alters the medium-term outlook. For now, the sidelines are the best place to be and we will look to see where the market closes this week to gain a clearer perspective. A weekly close below 79.75 might open a retest of the 76.35 spike lows, but any additional declines below 76.00 are seen limited. A weekly close back above 81.20 on the other hand, would take the immediate pressure off of the downside.                       

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. As we had warned in the previous daily analysis, the market has once again rejected trading above the figure to set up a bearish reversal day exposing deeper setbacks towards 1.6000 over the coming sessions. Ultimately, only back above 1.6400 delays.  
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for an initial break and close back above 0.9100 to relieve immediate downside pressure, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.   

Australian Dollars to US Dollars : The market has been in the process of recovering since breaking below critical support at 0.9800 a few days back, with the latest rally resulting in a push back above parity. Nevertheless, we view the current bounce as corrective, and expect to see the market very well capped from here below 1.0150 on a daily close basis. Ultimately, only a break and close back above 1.0200 would negate outlook and give reason for pause. 

New Zealand Dollars to US Dollars : The break below major neckline support at 0.7340 in recent trade has now triggered a double top formation that projects additional declines towards the 0.6700 area further down. Below 0.6700 then exposes more critical support at 0.6500. Look to sell into rallies, with a fresh lower top now ideally sought out below 0.7550.  Only a daily close back above 0.7550 delays.        

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break and weekly close back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported above 0.9700 on a daily close basis, with only a break back below 0.9665 to ultimately negate outlook and give reason fro concern.           

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.                                        

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a weekly close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.         

Euros to Swiss Francs : The latest sharp and intense pullback has not compromised our longer-term basing outlook, with the 1.2400 record lows from late 2010 still intact. Any additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures.         

To read more please visit www.dailyfx.com

 

Travel-FX

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]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-24-03-2011.htm Pounds to Australian Dollars E82CDB64-D32D-4D89-BD1C-F3F1083BC815 Thu, 24 Mar 2011 14:27:32 +0000 Daily news story:

Exchange Rate Outlook - Travel Money Max - best rates

 

Euros to US Dollars :The market remains very well bid with the latest surge back above 1.4000 opening the next upside extension towards key resistance from November 2010 at 1.4280. Look for a test of this level over the coming sessions, while ultimately, only a break back below 1.3980 would take the immediate pressure off of the topside. 
             
US Dollars to Japanese Yen :  The latest violent drop-ff to fresh record lows by 76.35 has been intense, with the market threatening a fresh longer-term downside extension below 80.00. However, given the nature of the move, we would not at this point categorize the downside break as anything significant that alters the medium-term outlook. For now, the sidelines are the best place to be and we will look to see where the market closes this week to gain a clearer perspective. A weekly close below 79.75 might open a retest of the 76.35 spike lows, but any additional declines below 76.00 are seen limited. A weekly close back above 81.20 on the other hand, would take the immediate pressure off of the downside.                      

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. As such, we would warn that the latest rally above the figure should be met with reservation, as the market could once again stall out above the figure. In the interim, key short-term support comes in by 1.6060 and a break back below would be required to take the pressure off of the topside. 
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for an initial break and close back above 0.9100 to relieve immediate downside pressure, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.  

Australian Dollars to US Dollars : The market has been in the process of recovering since breaking below critical support at 0.9800 a few days back, with the latest rally resulting in a push back above parity. Nevertheless, we view the current bounce as corrective, and expect to see the market very well capped from here below 1.0150 on a daily close basis. Ultimately, only a break and close back above 1.0200 would negate outlook and give reason for pause.

New Zealand Dollars to US Dollars : The break below major neckline support at 0.7340 in recent trade has now triggered a double top formation that projects additional declines towards the 0.6700 area further down. Below 0.6700 then exposes more critical support at 0.6500. Look to sell into rallies, with a fresh lower top now ideally sought out below 0.7450.  Only back above 0.7450 gives reason for concern.       

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break and weekly close back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported above 0.9700 on a daily close basis, with only a break back below 0.9665 to ultimately negate outlook and give reason fro concern.          

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.                                       

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a weekly close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.        

Euros to Swiss Francs : The latest sharp and intense pullback has not compromised our longer-term basing outlook, with the 1.2400 record lows from late 2010 still intact. Any additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures.      

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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Contact IMS Foreign Exchange + 44 207 183 2790

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Buying Euros

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]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-23-03-2011.htm Pounds to Australian Dollars 82E8028C-0104-4DDE-96AC-297A28D598FC Wed, 23 Mar 2011 16:38:50 +0000 Daily news story:

Exchange Rate Outlook - Travel Money Max - best rates

 

Euros to US Dollars :The market remains very well bid with the latest surge back above 1.4000 opening the next upside extension towards key resistance from November 2010 at 1.4280. Look for a test of this level over the coming sessions, while ultimately, only a break back below 1.3980 would take the immediate pressure off of the topside. 
             
US Dollars to Japanese Yen :  The latest violent drop-ff to fresh record lows by 76.35 has been intense, with the market threatening a fresh longer-term downside extension below 80.00. However, given the nature of the move, we would not at this point categorize the downside break as anything significant that alters the medium-term outlook. For now, the sidelines are the best place to be and we will look to see where the market closes this week to gain a clearer perspective. A weekly close below 79.75 might open a retest of the 76.35 spike lows, but any additional declines below 76.00 are seen limited. A weekly close back above 81.20 on the other hand, would take the immediate pressure off of the downside.                      

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. As such, we would warn that the latest rally above the figure should be met with reservation, as the market could once again stall out above the figure. In the interim, key short-term support comes in by 1.6060 and a break back below would be required to take the pressure off of the topside. 
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for an initial break and close back above 0.9100 to relieve immediate downside pressure, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.  

Australian Dollars to US Dollars : The market has been in the process of recovering since breaking below critical support at 0.9800 a few days back, with the latest rally resulting in a push back above parity. Nevertheless, we view the current bounce as corrective, and expect to see the market very well capped from here below 1.0150 on a daily close basis. Ultimately, only a break and close back above 1.0200 would negate outlook and give reason for pause.

New Zealand Dollars to US Dollars : The break below major neckline support at 0.7340 in recent trade has now triggered a double top formation that projects additional declines towards the 0.6700 area further down. Below 0.6700 then exposes more critical support at 0.6500. Look to sell into rallies, with a fresh lower top now ideally sought out below 0.7450.  Only back above 0.7450 gives reason for concern.       

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break and weekly close back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported above 0.9700 on a daily close basis, with only a break back below 0.9665 to ultimately negate outlook and give reason fro concern.          

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.                                       

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a weekly close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.        

Euros to Swiss Francs : The latest sharp and intense pullback has not compromised our longer-term basing outlook, with the 1.2400 record lows from late 2010 still intact. Any additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures.      

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-22-03-2011.htm Pounds to Australian Dollars E14B410D-C7F0-4CEC-9252-4D1A5588EE9E Tue, 22 Mar 2011 10:27:01 +0000 Daily news story:

Exchange Rate Outlook - Travel Money Max

 

Euros to US Dollars :The market remains very well bid with the latest surge back above 1.4000 opening the next upside extension towards key resistance from November 2010 at 1.4280. Look for a test of this level over the coming sessions, while ultimately, only a break back below 1.3980 would take the immediate pressure off of the topside.
             
US Dollars to Japanese Yen :  The latest violent drop-ff to fresh record lows by 76.35 has been intense, with the market threatening a fresh longer-term downside extension below 80.00. However, given the nature of the move, we would not at this point categorize the downside break as anything significant that alters the medium-term outlook. For now, the sidelines are the best place to be and we will look to see where the market closes this week to gain a clearer perspective. A weekly close below 79.75 might open a retest of the 76.35 spike lows, but any additional declines below 76.00 are seen limited. A weekly close back above 81.20 on the other hand, would take the immediate pressure off of the downside.                     

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. As such, we would warn that any rallies towards the figure over the coming sessions should be met with reservation, as the market could once again stall out by or ahead of the figure. In the interim, key short-term support comes in by 1.6060 and a break back below would be required to take the pressure off of the topside.
              
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for an initial break and close back above 0.9100 to relieve immediate downside pressure, while back above 0.9370 will officially confirm reversal prospects and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.

Australian Dollars to US Dollars : The market has been in the process of recovering since breaking below critical support at 0.9800 a few days back, with the latest rally resulting in a push back above parity. Nevertheless, we view the current bounce as corrective, and expect to see the market very well capped from here below 1.0150 on a daily close basis. Ultimately, only a break and close back above 1.0200 would negate outlook and give reason for pause.

New Zealand Dollars to US Dollars : The break below major neckline support at 0.7340 in recent trade has now triggered a double top formation that projects additional declines towards the 0.6700 area further down. Below 0.6700 then exposes more critical support at 0.6500. Look to sell into rallies, with a fresh lower top now ideally sought out below 0.7450.  Only back above 0.7450 gives reason for concern.       

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break and weekly close back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported above 0.9700 on a daily close basis, with only a break back below 0.9665 to ultimately negate outlook and give reason fro concern.        

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.                                     

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a weekly close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.       

Euros to Swiss Francs : The latest sharp and intense pullback has not compromised our longer-term basing outlook, with the 1.2400 record lows from late 2010 still intact. Any additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures.     

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-21-03-2011.htm Pounds to Australian Dollars FF180E6D-5A00-4D64-954F-F0BBA01902F5 Tue, 22 Mar 2011 10:25:46 +0000 Daily news story:

Exchange Rate Outlook - Bank of Japan intervention to Buy Japanese Yen

 

Euros to US Dollars :The market remains very well bid on dips to delay and even potentially negate any hopes for some kind of a topping formation on the daily chart. The latest break back above 1.4000 has threatened bearish reversal prospects and now opens the door for a fresh upside extension towards next critical resistance by 1.4280 further up. A daily close above 1.4035 (7March high) will all but solidify the bullish momentum, while another topside failure above 1.4000 would be required on Friday to reintroduce bearish prospects. For now, the best strategy is to take to the sidelines until a clearer directional bias presents.             
US Dollars to Japanese Yen :  The latest violent drop-ff to fresh record lows by 76.35 has been intense, with the market threatening a fresh longer-term downside extension below 80.00. However, given the nature of the move, we would not at this point categorize the downside break as anything significant that alters the medium-term outlook. For now, the sidelines are the best place to be and we will look to see where the market closes this week to gain a clearer perspective. A weekly close below 79.75 might open a retest of the 76.35 spike lows, but any additional declines below 76.00 are seen limited. A weekly close back above 81.20 on the other hand, would take the immediate pressure off of the downside.                    

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. This has resulted in the latest sharp pullback below 1.6000, and from here, we see risks for additional declines towards next key support in the 1.5700 area over the coming days. Any intraday rallies are expected to be well capped below 1.6200 on a close basis, with only a close back above 1.6200 seen compromising our bearish outlook.                
US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 (0.8910) is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.                     

Australian Dollars to US Dollars : The latest break below 0.9800 is significant and should now force a shift in the medium-term and potentially longer-term structure. The market had been very well supported by the figure over the past several weeks and this break now triggers what I have classified as an unconventional head & shoulders top that should now open an acceleration of declines initially towards 0.9500 and then towards 0.9000 further down. Markets are however extremely volatile on a shorter-term basis and as such, we would only recommend selling into rallies rather than on breaks. Scope exists for a fresh lower top somewhere around the 1.0000 handle and selling into this psychological barrier is the preferred approach. Ultimately, only back above 1.0200 gives reason for concern.    
      
New Zealand Dollars to US Dollars : The break below major neckline support at 0.7340 in recent trade has now triggered a double top formation that projects additional declines towards the 0.6700 area further down. Below 0.6700 then exposes more critical support at 0.6500. Look to sell into rallies, with a fresh lower top now ideally sought out below 0.7450.      

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported above 0.9800 on a daily close basis, with only a break back below 0.9665 to negate outlook and give reason fro concern.     

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.                                  

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.       

Euros to Swiss Francs : The latest sharp and intense pullback has not compromised our longer-term basing outlook, with the 1.2400 record lows from late 2010  still intact. Any additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures.    

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-18-03-2011.htm Pounds to Australian Dollars BF1195A7-2E81-4970-B571-AD347F35DBD5 Fri, 18 Mar 2011 09:50:20 +0000 Daily news story:

Exchange Rate Outlook - Pounds to Australian Dollars

 

Euros to US Dollars :The latest topside failure above 1.4000 and ahead of 1.4035 is significant and inability to establish back above the psychological barrier opens the door for a potential bearish trend reversal in favour of the USD. A bearish close on Wednesday shifts the momentum back in the USDs favour and opens the door for deeper setbacks and a potential double top on the daily chart. Look for a break below neckline support at 1.3750 to confirm the double top and open an acceleration towards the 1.3500 area further down. Only a daily close back above 1.4000 would negate.            

US Dollars to Japanese Yen :  The latest violent drop-ff to fresh record lows by 76.35 has been intense, with the market threatening a fresh longer-term downside extension below 80.00. However, given the nature of the move, we would not at this point categorize the downside break as anything significant that alters the medium-term outlook. For now, the sidelines are the best place to be and we will look to see where the market closes this week to gain a clearer perspective. A weekly close below 79.00 might open a  retest of the 76.35 spike lows, but any additional declines below 76.00 are seen limited. Back above 81.20 is required to take the immediate pressure off of the downside.                 

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. This has resulted in the latest sharp pullback below 1.6000, and from here, we see risks for additional declines towards next key support in the 1.5700 area over the coming days. Any intraday rallies are expected to be well capped below 1.6200 on a close basis.                    

US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9000 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. Only a break and weekly close below the recent record spike lows at 0.8910 ultimately delays outlook.                  

Australian Dollars to US Dollars : The latest break below 0.9800 is significant and should now force a shift in the medium-term and potentially longer-term structure. The market had been very well supported by the figure over the past several weeks and this break now triggers what I have classified as an unconventional head & shoulders top that should now open an acceleration of declines initially towards 0.9500 and then towards 0.9000 further down. Markets are however extremely volatile on a shorter-term basis and as such, we would only recommend selling into rallies rather than on breaks. Scope exists for a fresh lower top somewhere around the 1.0000 handle and selling into this psychological barrier is the preferred approach. Ultimately, only back above 1.0200 gives reason for concern.    
      
New Zealand Dollars to US Dollars : The break below major neckline support at 0.7340 in recent trade has now triggered a double top formation that projects additional declines towards the 0.6700 area further down. Below 0.6700 then exposes more critical support at 0.6500. Look to sell into rallies, with a fresh lower top now ideally sought out below 0.7450.     

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported above 0.9800 on a daily close basis, with only a break back below 0.9665 to negate outlook and give reason fro concern.     

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 107.00 is favoured.                               

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area continue to be very well supported, with the market adhering to the defined range. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.      

Euros to Swiss Francs : The latest sharp and intense pullback certainly threatens are longer-term basing outlook, but even with the drop, the 1.2400 record lows from late 2010 are still intact. While we would not rule out the possibility for a retest and break of this level over the coming sessions, and additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-17-03-2011.htm Pounds to Australian Dollars B695FE03-5185-4825-8C47-BCDB628DCCD8 Thu, 17 Mar 2011 11:32:46 +0000 Daily news story:

Exchange Rate Outlook - Pounds to Euros

 

Euros to US Dollars :The latest topside failure above 1.4000 and ahead of 1.4035 is significant and inability to establish back above the psychological barrier opens the door for a potential bearish trend reversal in favour of the USD. Tuesday's intense recovery rally certainly threatens this outlook, but a bearish close on Wednesday will once again shift the momentum back in the USDs favour and open the door for deeper setbacks and a potential double top on the daily chart. However, a break and close back above 1.4000 will negate and open the door for a fresh upside extension towards critical resistance by 1.4280 from November 2010.        

US Dollars to Japanese Yen :  Overall, nothing has changed as of yet, with the market still locked within a well defined multi-week range between the 80.00-85.00 area. The latest sharp setbacks have once again been well supported ahead of 80.00, to leave the range very much intact for now. The record lows come in by 79.75 from 1995, and we continue to see the more medium and longer-term risks to the upside, with the market trading just off these record lows. Still, we are now on the sidelines and will wait for a sustained break back above 84.50 or below 80.00 for a clearer directional bias.                 

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. This has resulted in the latest sharp pullback below 1.6000, and from here, we see risks for additional declines towards next key support in the 1.5700 area over the coming days. Any intraday rallies are expected to be well capped below 1.6200 on a close basis.                   

US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. Only a break and weekly close below critical psychological barriers at 0.9000 ultimately delays outlook.                 

Australian Dollars to US Dollars : Although the market has been very well supported on a medium-term basis ahead of 0.9800, we continue to favour risks for additional downside and like the idea of selling into any rallies. Ultimately, we see the market in the process of carving out a major top with the formation of what looks to be a very unconventional head & shoulders pattern. The neckline for this formation is highly debatable, but we will call 0.9800 as the neckline, with a weekly close below this figure to open the door for a severe decline back towards 0.9000 over the medium-term. Ultimately, only back above 1.0250 would negate and give reason for pause, while intraday rallies should be sold ahead of 1.0100.    
      
New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension below critical medium-term support at 0.7340. Should the market now establish a weekly close below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7450.     

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9975, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported ahead of 0.9700, with only a break back below 0.9665 to negate outlook and give reason fro concern.    

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.                            

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.      

Euros to Swiss Francs : The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. Any intraday setbacks should continue to be supported above 1.2700 on a daily close basis.  

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-16-03-2011.htm Pounds to Australian Dollars E81FC23F-F228-47DC-AF22-F0EDD923A3B3 Thu, 17 Mar 2011 11:31:59 +0000 Daily news story:

Exchange Rate Outlook - Pounds to us dollar exchange rate headed lower on Japanese Earth Quake

 

Euros to US Dollars :The latest topside failure above 1.4000 and ahead of 1.4035 is significant and inability to establish back above the psychological barrier opens the door for a bearish trend reversal in favor of the USD. Tuesday's setbacks have already resulted in a break below Monday's low to set up a potential bearish reversal day, and should the market end up closing lower on the day, we could also see the formation of a double top on the daily chart. Neckline support comes in at 1.3750 and a break below would confirm the formation and open a measured move downside extension back towards the 1.3500 area over the coming days.       

US Dollars to Japanese Yen :  Overall, nothing has changed as of yet, with the market still locked within a well defined multi-week range between the 80.00-85.00 area. The latest sharp setbacks have once again been well supported ahead of 80.00, to leave the range very much intact for now. The record lows come in by 79.75 from 1995, and we continue to see the more medium and longer-term risks to the upside, with the market trading just off these record lows. Still, we are now on the sidelines and will wait for a break back above 84.50 or below 80.00 for a clearer directional bias.                

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. This has resulted in the latest sharp pullback below 1.6000, and from here, we see risks for additional declines towards next key support in the 1.5700 area over the coming days. Any intraday rallies are expected to be well capped below 1.6200 on a close basis.                  

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. A break and close back below 0.9200 delays.                

Australian Dollars to US Dollars : Although the market has been very well supported on a medium-term basis ahead of 0.9800, we continue to favour risks for additional downside and like the idea of selling into any rallies. Ultimately, we see the market in the process of carving out a major top with the formation of what looks to be a very unconventional head & shoulders pattern. The neckline for this formation is highly debatable, but we will call 0.9800 as the neckline, with a weekly close below this figure to open the door for a severe decline back towards 0.9000 over the medium-term. Ultimately, only back above 1.0250 would negate and give reason for pause. 
      
New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension below critical medium-term support at 0.7340. Should the market now establish a weekly close below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.     

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9960, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported ahead of 0.9700, with only a break back below 0.9665 to negate outlook and give reason fro concern.  

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.                         

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.     

Euros to Swiss Francs : The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. Any intraday setbacks should continue to be supported above 1.2700 on a daily close basis.  

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-15-03-2011.htm Pounds to Australian Dollars 7452902C-C644-4C36-9B79-026CE598ABD0 Thu, 17 Mar 2011 11:31:39 +0000 Daily news story:

Exchange Rate Outlook - Pounds to us dollar exchange rate headed lower on Japanese Earth Quake

 

Euros to US Dollars :The latest topside failure above 1.4000 and ahead of 1.4035 is significant and inability to establish back above the psychological barrier opens the door for a bearish trend reversal in favor of the USD. Tuesday's setbacks have already resulted in a break below Monday's low to set up a potential bearish reversal day, and should the market end up closing lower on the day, we could also see the formation of a double top on the daily chart. Neckline support comes in at 1.3750 and a break below would confirm the formation and open a measured move downside extension back towards the 1.3500 area over the coming days.       

US Dollars to Japanese Yen :  Overall, nothing has changed as of yet, with the market still locked within a well defined multi-week range between the 80.00-85.00 area. The latest sharp setbacks have once again been well supported ahead of 80.00, to leave the range very much intact for now. The record lows come in by 79.75 from 1995, and we continue to see the more medium and longer-term risks to the upside, with the market trading just off these record lows. Still, we are now on the sidelines and will wait for a break back above 84.50 or below 80.00 for a clearer directional bias.                

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. This has resulted in the latest sharp pullback below 1.6000, and from here, we see risks for additional declines towards next key support in the 1.5700 area over the coming days. Any intraday rallies are expected to be well capped below 1.6200 on a close basis.                  

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. A break and close back below 0.9200 delays.                

Australian Dollars to US Dollars : Although the market has been very well supported on a medium-term basis ahead of 0.9800, we continue to favour risks for additional downside and like the idea of selling into any rallies. Ultimately, we see the market in the process of carving out a major top with the formation of what looks to be a very unconventional head & shoulders pattern. The neckline for this formation is highly debatable, but we will call 0.9800 as the neckline, with a weekly close below this figure to open the door for a severe decline back towards 0.9000 over the medium-term. Ultimately, only back above 1.0250 would negate and give reason for pause. 
      
New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension below critical medium-term support at 0.7340. Should the market now establish a weekly close below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.     

US Dollars to Canadian Dollars : A near bullish outside week after establishing fresh multi-month lows by 0.9665 got us excited with the prospect for a major reversal, and the latest break back above 0.9800 helps to confirm our constructive outlook and should accelerate gains. Next key topside resistance comes in by 0.9960, with a break above opening the door for a test of 1.0060 further up. From here, look for any intraday setbacks to be well supported ahead of 0.9700, with only a break back below 0.9665 to negate outlook and give reason fro concern.  

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.                         

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.     

Euros to Swiss Francs : The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. Any intraday setbacks should continue to be supported above 1.2700 on a daily close basis.  

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-15-03-2011.htm Pounds to Australian Dollars 724E50FA-8D51-44DF-8719-129D1CBCE365 Thu, 17 Mar 2011 11:27:16 +0000 Daily news story:

Exchange Rate Outlook - Pounds to New Zealand slides again

 

Euros to US Dollars :Despite the latest recovery back above 1.3900, we would not get overly bullish at current levels, with the market stalling out by the 78.6% fib retrace off of the latest 1.4035-1.3750 move just ahead of 1.4000. We would recommend looking to see how the market settles on Monday for a clearer directional bias. Inability to close back above 1.4000 would once again open the door for a potential pullback towards and eventually below 1.3750, while a close back above 1.4000 would most likely open the door for a full retracement back to the November 2010 highs by 1.4280.     

US Dollars to Japanese Yen :  Overall, nothing has changed as of yet, with the market still locked within a well defined multi-week range between the 80.00-85.00 area. The latest sharp setbacks have once again been well supported ahead of 80.00, to leave the range very much intact for now. The record lows come in by 79.75 from 1995, and we continue to see the more medium and longer-term risks to the upside, with the market trading just off these record lows. Still, we are now on the sidelines and will wait for a break back above 84.50 or below 80.00 for a clearer directional bias.                

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. This has resulted in the latest sharp pullback below 1.6000, and from here, we see risks for additional declines towards next key support in the 1.5700 area over the coming days. Any intraday rallies are expected to be well capped below 1.6200 on a close basis.                   

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. Back below 0.9200 delays.              

Australian Dollars to US Dollars : Although the market has been very well supported on a medium-term basis ahead of 0.9800, we continue to favour risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while a daily close below 0.9945 should accelerate to 0.9800 and below.
      
New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension below critical medium-term support at 0.7340. Should the market now establish a weekly close below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.      

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favour of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.                       

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.    

Euros to Swiss Francs : The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2800. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-14-03-2011.htm Pounds to Australian Dollars E73F9D98-C612-4F0C-B996-87E283B7ABA7 Thu, 17 Mar 2011 11:27:14 +0000 Daily news story:

Exchange Rate Outlook - Will the Bank of England Hike rates?

 

Euros to US Dollars :The market is looking really top heavy and rallies look to have stalled out for now by 1.4035, with the formation of a short-term top. The key levels to watch now come in by previous resistance and the 10-Day SMA by 1.3860 and 1.3880 respectively, and a daily close below these levels will likely accelerate declines towards next key support in the lower 1.3700's. Any intraday rallies are now expected to be well capped ahead of 1.3950.   

US Dollars to Japanese Yen :  The market continues to respect a multi-week range with setbacks most recently stalling out by 81.00 area support and bouncing back into the mid-range. From here, we see risks for continued upside and look for a test of the multi-week range resistance by 84.50 over the coming days. A break and close above 84.50 will be required to open the door for a more significant rally, while any intraday setbacks from here should be well supported above 82.00 on a daily close basis.               

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. Monday's bearish outside day was impressive with the market engulfing the previous 2 day range and closing just under 1.6200 to open the door for deeper setbacks over the coming sessions. Look for a drop towards the 1.6000 area initially, while back under 1.5960 accelerates further. Intraday rallies should be well capped ahead of 1.6250. Only back above 1.6345 ultimately negates.                  

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. The latest break and close back above 0.9330 strengthens the outlook and could now accelerate gains. Intraday setbacks should be well supported ahead of 0.9260.        

Australian Dollars to US Dollars : The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. The latest break and close back above 0.9330 strengthens the outlook and could now accelerate gains. Intraday setbacks should be well supported ahead of 0.9260.      
New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension below critical medium-term support at 0.7340. Should the market now establish a sustained break below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.     

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias. 

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.                   

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.    

Euros to Swiss Francs : The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2900.

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-10-03-2011.htm Pounds to Australian Dollars A2F4201C-A3CF-4C3F-BF05-9AB25CF798EE Thu, 17 Mar 2011 11:27:13 +0000 Daily news story:

Exchange Rate Outlook - Foreign Exchange Traders Buying New Zealand Dollars

 

Euros to US Dollars :The market has since stalled out after breaking above 1.4000 and the latest topside failure should not be taken lightly, with the price stalling around some key resistance at the 78.6% fib retrace off of the major November-January high-low move and by the psychological round number barrier. Tuesday's bearish close helps to reaffirm topping prospects and from here, deeper setbacks are seen towards 1.3700 over the coming sessions. Any intraday rallies should be well capped below 1.4000.   

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative with the market once again very well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying into the latest dips in favour of a bullish reversal back towards the key 84.50 multi-day range highs over the coming days. Intraday setbacks should now be well supported ahead of 82.00.           

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. Monday's bearish outside day was impressive with the market engulfing the previous 2 day range and closing just under 1.6200 to now open the door for deeper setbacks over the coming sessions. Look for a drop towards the 1.6000 area, while back under 1.5960 accelerates further. Intraday rallies should be well capped ahead of 1.6250. Only back above 1.6345 negates.              

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks for an eventual break back above parity. The latest break and close back above 0.9330 strengthens the outlook and could now accelerate gains. Intraday setbacks should be well supported ahead of 0.9260.        

Australian Dollars to US Dollars : Although medium-term setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.   

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension to critical medium-term support by 0.7340. Should the market now establish a sustained break below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.    

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias. 

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.                

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.   

Euros to Swiss Francs : The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2900. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-09-03-2011.htm Pounds to Australian Dollars 9254897D-0CDE-4A25-AA50-CCD9DC34BB3C Wed, 9 Mar 2011 13:14:30 +0000 Daily news story:

Exchange Rate Outlook - Foreign Exchange Traders Buy New Zealand Dollars

 

Euros to US Dollars :The market has since stalled out after breaking above 1.4000 and the latest topside failure should not be taken lightly, with the market stalling around some key resistance at the 78.6% fib retrace off of the major November-January high-low move and by the psychological round number barrier. For now, we will use 1.4000 as our gauge for directional bias. A daily close above 1.4000 will open the door for a direct retest of 1.4280, while inability to establish above the figure on a daily close basis will open the door for a meaningful bearish reversal. A break and close back below 1.3940 on Tuesday helps to confirm short-term bearish reversal prospects.  

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative with the market once again very well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying into the latest dips in favour of a bullish reversal back towards the key 84.50 multi-day range highs over the coming days. Intraday setbacks should now be well supported ahead of 81.50.         

Pounds to US Dollars : The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. Monday's bearish outside day was impressive with the market engulfing the previous 2 day range and closing just under 1.6200 to now open the door for deeper setbacks over the coming sessions. Look for a drop towards the 1.6000 area, while back under 1.5960 accelerates further. Intraday rallies should be well capped ahead of 1.6300. |only back above 1.6345 negates.             

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks in favour of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a daily close back above 0.9330 would help to encourage bullish reversal prospects.   

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.      

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension to critical medium-term support by 0.7340. Should the market now establish a sustained break below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.     

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favoured.             

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.   

Euros to Swiss Francs The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2900. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-08-03-2011.htm Pounds to Australian Dollars 3BA5431A-69AB-4C4D-AB12-081CBC896A3A Tue, 8 Mar 2011 10:58:02 +0000 Daily news story:

Exchange Rate Outlook - Will the pound exchange rate Improve?

 

Euros to US Dollars :The market has since stalled out after breaking above 1.4000 and the latest topside failure should not be taken lightly, with the market stalling around some key resistance at the 78.6% fib retrace off of the major November-January high-low move and by the psychological round number barrier. For now, we will use 1.4000 as our gauge for directional bias. A daily close above 1.4000 will open the door for a direct retest of 1.4280, while inability to establish above the figure on a daily close basis will open the door for a meaningful bearish reversal.  A break and close back below 1.3940 helps to confirm short-term bearish reversal prospects.  

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative with the market once again very well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying into the latest dips in favor of a bullish reversal back towards the key 84.50 multi-day range highs over the coming days. Intraday setbacks should now be well supported ahead of 81.50.         

Pounds to US Dollars : After failing to establish above 1.6300 over the past several weeks, the market finally managed to break and close above the level to suggest that a fresh upside extension towards 1.6500 could be underway. However, failure to hold above the figure once again leaves us doubting the latest move, and a break and close back below 1.6215 would confirm our suspicions and open the door for a key bearish reversal. For now we remain sidelined until a clearer opportunity presents.         

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks in favour of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a weekly close back above 0.9330 would help to encourage bullish reversal prospects. 

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.     

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension towards critical medium-term support by 0.7340. Should the market now establish a sustained break below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.    

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favored.              

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.   

Euros to Swiss Francs The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2850. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk Pounds to Australian Dollars 8B953827-77D6-4891-97C2-82AC8FCEE2D1 Mon, 7 Mar 2011 16:04:40 +0000 Daily news story:

Exchange Rate Outlook - Will the pound exchange rate Improve?

 

Euros to US Dollars :The market has since stalled out after breaking above 1.4000 and the latest topside failure should not be taken lightly, with the market stalling around some key resistance at the 78.6% fib retrace off of the major November-January high-low move and by the psychological round number barrier. For now, we will use 1.4000 as our gauge for directional bias. A daily close above 1.4000 will open the door for a direct retest of 1.4280, while inability to establish above the figure on a daily close basis will open the door for a meaningful bearish reversal.  A break and close back below 1.3940 helps to confirm short-term bearish reversal prospects.  

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative with the market once again very well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying into the latest dips in favor of a bullish reversal back towards the key 84.50 multi-day range highs over the coming days. Intraday setbacks should now be well supported ahead of 81.50.         

Pounds to US Dollars : After failing to establish above 1.6300 over the past several weeks, the market finally managed to break and close above the level to suggest that a fresh upside extension towards 1.6500 could be underway. However, failure to hold above the figure once again leaves us doubting the latest move, and a break and close back below 1.6215 would confirm our suspicions and open the door for a key bearish reversal. For now we remain sidelined until a clearer opportunity presents.         

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks in favour of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a weekly close back above 0.9330 would help to encourage bullish reversal prospects. 

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.     

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and has opened the door for the next downside extension towards critical medium-term support by 0.7340. Should the market now establish a sustained break below 0.7340, we could see a further acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7500.    

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 116.00, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 113.00 is favored.              

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.   

Euros to Swiss Francs The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2850. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-07-03-2011.htm Pounds to Australian Dollars 748108FA-AD8F-4898-80FC-260507D5D6F5 Mon, 7 Mar 2011 16:03:48 +0000 Daily news story:

Exchange Rate Outlook - Pound Exchange Rate Outlook improves

 

Euros to US Dollars :It seems as though there was no need to wait for confirmation following Wednesday's daily close by 1.3860, with the market easily accelerating on Thursday above the level and towards our next key topside objective just shy of 1.4000. The market has since stalled out and the failure ahead of 1.4000 should not be taken lightly, with the market stalling by the 78.6% fib retrace off of the major November-January high-low move. For now, we will use 1.4000 as our gauge for directional bias. A daily close above 1.4000 will open the door for a direct retest of 1.4280, while inability to establish above the figure will open the door for a meaningful bearish reversal.  

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative with the market once again very well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying into the latest dips in favour of a bullish reversal back towards the key 84.50 multi-day range highs over the coming days.        

Pounds to US Dollars : After failing to establish above 1.6300 over the past several weeks, the market finally managed to break and close above the level on Wednesday to suggest that a fresh upside extension towards 1.6500 could be underway. However, Thursday's failure to hold above the figure once again leaves us doubting the latest move, and a break and close back below 1.6215 would confirm our suspicions and open the door for a key bearish reversal. For now we remain sidelined until a clearer opportunity presents.        

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks in favor of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a weekly close back above 0.9320 would help to encourage bullish reversal prospects.  

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.     

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and opens the door for the next downside extension towards critical medium-term support by 0.7340. Should the market then establish a sustained break below 0.7340, we could then see an acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7650.    

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.   

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favour of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 112.00 is favoured.            

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.   

Euros to Swiss Francs The market had come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we liked the idea of buying into this dip in anticipation of a higher platform by 1.2705. The latest sharp reversal back above 1.2900 confirms and opens the door for an assault back on and eventually through 1.3200. Any intraday setbacks should now be well supported ahead of 1.2850. 

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-04-03-2011.htm Pounds to Australian Dollars 52D19EFD-B399-4C13-8D82-26FED8F52801 Mon, 7 Mar 2011 15:39:37 +0000 Daily news story:

Exchange Rate Outlook - Pound Exchange Rate Outlook improves

 

Euros to US Dollars :We said a daily close above 1.3860 would be required to officially open the door to the next upside extension through psychological barriers by 1.4000 and towards key medium-term resistance from November 2010 at 1.4280, and the market made things difficult by closing just at 1.3860 on Wednesday. While this sends a strong message that we could in fact now see this next major upside extension, we will defer our bullish opinion another day to see where we close on Thursday. A close above 1.3860 on Thursday will solidify bullish prospects, while back below 1.3860 will alleviate topside pressures and open the door for some significant downside. Ultimately, a break and close back below 1.3700 will be required to officially shift the structure.

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative and we would expect to see the market once again well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying US Dollars on dips into the 81.00's in favour of a bullish reversal and close back above 82.00.         

Pounds to US Dollars : After failing to establish above 1.6300 over the past several weeks, the market finally managed to break and close above the level on Wednesday to suggest that a fresh upside extension towards 1.6500 and beyond is now underway. Look for a break back above 1.6350 to accelerate gains, while a drop back below 1.6215 would now be required to alleviate topside pressures.       

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks in favour of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a break back and close back above 0.9320 would be required to relieve immediate downside pressures.

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.    

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and opens the door for the next downside extension towards critical medium-term support by 0.7340. Should the market then establish a sustained break below 0.7340, we could then see an acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7650.    

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.  

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favour of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.          

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.  

Euros to Swiss Francs The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest minor bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we like the idea of buying into this dip from 1.3200 in anticipation of a higher platform by 1.2705. A close back above 1.2900 helps to confirm.

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-03-03-2011.htm Pounds to Australian Dollars 34EC6F33-749B-4675-8E58-501F4B850E63 Mon, 7 Mar 2011 15:37:48 +0000

Exchange Rate Outlook - Pounds to New Zealand Dollar almost back at 2.2000

 

Euros to US Dollars :The market has stalled out just shy of the critical short-term resistance at 1.3860 in favor of the latest minor bearish reversal. The prospects for yet another high in the 1.3860 area ahead of a more significant decline are looking better, but we would need to see a break and close back under 1.3700 to officially confirm this outlook and shift in the structure. Below 1.3700 should accelerate declines and open the door for a fresh drop towards the 1.3500 area further down.     

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative and we would expect to see the market once again well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying on dips into the 81.00's in favor of a bullish reversal and close back above 82.00.         

Pounds to US Dollars : The market largely remains locked in some consolidation after continuously stalling out by key resistance at 1.6300. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or daily close back below 1.6100 for additional clarity. Tuesday's bearish gravestone doji and failure above 1.6300 certainly suggests that we could be in for additional weakness over the coming sessions.      

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9228 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favour the formation of some form of a material base over the coming weeks in favour of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a break back and close back above 0.9320 would be required to relieve immediate downside pressures.  

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.  

New Zealand Dollars to US Dollars : The market remains well offered on rallies to put in a series of inter-day lower highs and lower lows. The latest break below 0.7425 confirms a fresh lower top by 0.7555, and opens the door for the next downside extension towards critical medium-term support by 0.7340. Should the market then establish a sustained break below 0.7340, we could then see an acceleration of declines back to the 0.6500 area over the coming weeks. In the interim, any rallies should now be well capped ahead of 0.7650.   

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.          

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.

Euros to Swiss Francs The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest minor bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we like the idea of buying into this dip from 1.3200 in anticipation of a higher platform by 1.2705. A close back above 1.2835 helps to confirm.

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs?

Contact IMS Foreign Exchange + 44 207 183 2790

Travel Money Best Currency Rates today

Buying Euros

Overseas Money Transfers

]]> http://www.imsfx.co.uk/daily_report/March-2011/Buying-Euros-02-03-2011.htm Pounds to Australian Dollars 94D18222-6185-4890-A230-15481CF43F73 Wed, 2 Mar 2011 11:49:53 +0000 Exchange Rate Outlook - Pound Exchange Rate Outlook improves

 

Euros to US Dollars :The market remains very well bid, with key short-term resistance by 1.3745-65 being easily cleared to now put the focus on next topside barriers at 1.3860. The 1.3860 level represents the current yearly high, and a break above will then open the door for a fresh upside extension towards psychological barriers by 1.4000 which also guard against the more significant medium-term resistance at 1.4285 from November 2010. There is still however the risk that the market stalls out in the 1.3800's, but a failure at or near 1.3860, and break back below 1.3700 would be required at a minimum to relieve current topside pressures. 

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative and we would expect to see the market once again well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying on dips into the 81.00's in favor of a bullish reversal and close back above 82.00.        

Pounds to US Dollars : The market largely remains locked in some consolidation after continuously stalling out by and ahead of key resistance at 1.6300. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or daily close back below 1.6100 for additional clarity.   

US Dollars to Swiss Francs :  The latest break to fresh record lows by 0.9228 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks in favor of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a break back and close back above 0.9320 would be required to relieve immediate downside pressures.  

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.   

New Zealand Dollars to US Dollars : Rallies continue to be very well capped and the market has once again stalled out in favor of yet another bearish reversal. From here, we see risks for additional declines towards 0.7300 over the coming sessions, with current intraday rallies expected to be well capped below 0.7600 on a close basis.   

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern.  

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favored.       

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00 thus far. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.  

Euros to Swiss Francs The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest minor bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we like the idea of buying into this dip from 1.3200 in anticipation of a higher platform by 1.2705. A close back above 1.2835 helps to confirm.

To read more please visit www.dailyfx.com

 

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Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-28-02-2011.htm Pounds to Australian Dollars D53B45D1-C020-41D8-ACBE-C8FB1171C55C Wed, 2 Mar 2011 11:49:53 +0000  

Euros to US Dollars : The market remains very well bid, with key short-term resistance by 1.3745-65 being easily cleared to now put the focus on next topside barriers at 1.3860. The 1.3860 level represents the current yearly high, and a break above will then open the door for a fresh upside extension towards psychological barriers by 1.4000 which also guard against the more significant medium-term resistance at 1.4285 from November 2010. There is still however the risk that the market stalls out in the 1.3800's, but a failure at or near 1.3860, and break back below 1.3700 would be required at a minimum to relieve current topside pressures.  

US Dollars to Japanese Yen :  Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative and we would expect to see the market once again well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying on dips into the 81.00's in favor of a bullish reversal and close back above 82.00.     

Pounds to US Dollars : The market largely remains locked in some consolidation after continuously stalling out by and ahead of key resistance at 1.6300. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or daily close back below 1.6100 for additional clarity.  

US Dollars to Swiss Francs :  The latest break to fresh record lows below 0.9250 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks in favour of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a break back and close back above 0.9320 would be required to relieve immediate downside pressures.  

Australian Dollars to US Dollars : Although setbacks have stalled out for now ahead of 0.9800, we continue to favour risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0200 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.  

New Zealand Dollars to US Dollars : Rallies continue to be very well capped and the market has once again stalled out in favour of yet another bearish reversal. From here, we see risks for additional declines towards 0.7300 over the coming sessions, with current intraday rallies expected to be well capped below 0.7600 on a close basis.  

US Dollars to Canadian Dollars : Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern.  

Euros to Japanese Yen : The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favour of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favoured.    

Pounds To Japanese Yen : As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00 thus far. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.  

Euros to Swiss Francs The market has come under some pressure over the past several days with setbacks extending into the 1.]]> http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-28-02-2011.htm Pounds to Australian Dollars 51A23BED-FECF-4BA1-AD05-65BE9700CF13 Mon, 28 Feb 2011 10:45:42 +0000

Exchange Rate Outlook - Pound Exchange Rate falls on GDP

 

EUR/USD: The market remains very well bid, with key short-term resistance by 1.3745-65 being easily cleared to now put the focus on next topside barriers at 1.3860. The 1.3860 level represents the current yearly high, and a break above will then open the door for a fresh upside extension towards psychological barriers by 1.4000 which also guard against the more significant medium-term resistance at 1.4285 from November 2010. There is still however the risk that the market stalls out in the 1.3800's, but a failure at or near 1.3860, and break back below 1.3700 would be required at a minimum to relieve current topside pressures.  

USD/JPY: Although the market has come under some intense pressure in recent trade back below 82.00, overall price action remains largely consolidative and we would expect to see the market once again well supported in the 81.00's. For now, 81.00 remains the key level to watch below, and only a close below this figure would negate the current range-bound price action and give reason for concern. As such, we like the idea of buying on dips into the 81.00's in favor of a bullish reversal and close back above 82.00.     

GBP/USD: The market largely remains locked in some consolidation after continuously stalling out by and ahead of key resistance at 1.6300. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or back below 1.6100 for additional clarity.  

USD/CHF: The latest break to fresh record lows below 0.9300 is certainly concerning and threatens our longer-term recovery prospects. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks in favor of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a break back above 0.9400 would be required to relieve immediate downside pressures.  

AUD/USD: Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0150 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.  

NZD/USD: Rallies continue to be very well capped and the market has once again stalled out in favor of yet another bearish reversal. From here, we see risks for additional declines towards 0.7300 over the coming sessions, with any intraday rallies expected to be well capped below 0.7600 on a close basis.  

USD/CAD: Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The 0.9800 figure seems to be offering itself as a formidable support zone for now, and any dips back towards or slightly below the figure over the coming sessions are viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9750 would delay outlook and give reason for concern.  

EUR/JPY: The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favored.    

GBP/JPY: As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00 thus far. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.  

EUR/CHF: The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest minor bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we like the idea of buying into this dip from 1.3200 in anticipation of a higher platform somewhere in the 1.2700's. A close back above 1.2835 helps to confirm.

To read more please visit www.dailyfx.com

 

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Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

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]]> http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-25-02-2011.htm Pounds to Australian Dollars AFB36977-560F-45C1-BB6B-1C64159AF93C Fri, 25 Feb 2011 11:13:52 +0000

Exchange Rate Outlook - Currency Exchange Rates

 

EUR/USD: The latest sharp upside reversal certainly threatens short-term bearish prospects, with the market now looking to establish back above 1.3745 (previous right shoulder). Next key resistance comes in by 1.3860 and a break and close above this level will completely negate bearish outlook and open the door for a more significant rally over the coming sessions towards 1.4000. However, inability to establish above 1.3745, will once again put the focus back on the downside and expose a retest of 1.3425 further down. In the interim, we remain sidelined and will wait for a clearer signal.   

 

USD/JPY: The market continues to remain extremely well bid on dips, with the latest surge back above 83.00 really encouraging longer-term recovery prospects and opening the door for a potential break of key topside resistance by 84.50 over the coming days. Longer-term cyclical studies certainly suggest that the market could be poised for a major bullish reversal and we would look for a break and weekly close back above 84.50 to help confirm outlook. Any additional dips from here should be well supported above 82.00 on a close basis, while only a break and close back below 82.00 would concern.

 

GBP/USD: The market largely remains locked in some consolidation after continuously stalling out by and ahead of key resistance at 1.6300. From here, it is difficult to establish a clear directional bias and we will need to see a sustained break above 1.6300 or back below 1.6100 for additional clarity.

 

USD/CHF: The latest break to fresh record lows below 0.9300 is certainly concerning and threatens our longer-term recovery prospects. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks in favor of an eventual break back above parity. From here, big figures become key support as we are in unchartered territory, while a break back above 0.9400 would be required to relieve immediate downside pressures.

AUD/USD: Although setbacks have stalled out for now ahead of 0.9800, we continue to favor risks for additional downside and like the idea of selling into current rallies. Ultimately, we see the market in the process of carving out a major top and any rallies from here should be well capped below 1.0150 on a close basis. Only back above 1.0200 gives reason for concern, while below 0.9945 should accelerate to 0.9800 and below.

NZD/USD: Rallies continue to be very well capped above 0.7800 and the market has once again stalled out above the figure in favor of yet another bearish reversal. From here, we see risks for additional declines towards 0.7300 over the coming sessions, with any intraday rallies expected to be well capped ahead of 0.7600. Tuesday's daily close below 0.7500 should accelerate declines.

USD/CAD: Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The 0.9800 figure seems to be offering itself as a formidable support zone for now, and any dips back towards or slightly below the figure over the coming sessions are viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9750 would delay outlook and give reason for concern.

EUR/JPY: The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favored.  

GBP/JPY: As per our analysis in previous weeks, dips towards the multi-week range lows in the 125.00 area were once again very well supported, with the market adhering to the defined range and bouncing back above 135.00 thus far. At this point, we would not at all be surprised to see a push towards the range highs by 137.80. Ultimately, a close back above 137.80 or below 125.00 will be required to force a major shift in the structure. In the interim, we remain sidelined.

 

EUR/CHF: The market has come under some pressure over the past several days with setbacks extending into the 1.2700's ahead of the latest minor bounce. However, with medium-term studies looking more constructive and showing the formation of a potential major base by record lows at 1.2400 from late 2010, we like the idea of buying into this dip from 1.3200 in anticipation of a higher platform somewhere in the 1.2700's.

To read more please visit www.dailyfx.com

 

Travel-FX

Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now!
Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now!
Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now!

Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs

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Buying Euros

]]> http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-24-02-2011.htm Pounds to Australian Dollars C3248B04-9BF9-4806-9030-6A4A301AEDCC Thu, 24 Feb 2011 17:06:15 +0000 Exchange Rate Outlook - Best US Dollar Exchange Rates Feb. 18 (Bloomberg) -- The pound exchange rate reached a two-week high against the us dollar rate after U.K. retail sales surged last month by almost four times the amount forecast by economists, adding to signs the Bank of England has room to raise interest rates. Sterling advanced against a basket of nine developed-nation peers tracked by Bloomberg Correlation-Weighted Currency Indexes. The currency erased gains versus the euro after European Central Bank Executive Board member Lorenzo Bini Smaghi said the bank may need to raise rates as global inflation pressures mount. U.K. retail sales rose 1.9 percent in January, compared with a revised drop of 1.4 percent the previous month, the Office for National Statistics said today in London. The gain was the biggest since February 2010 and exceeded the 0.5 percent median forecast of 22 economists surveyed by Bloomberg. “It seems inevitable that rates will need to go up in the next two quarters,” said Chris Huddleston, a trader at Investec Bank Plc in London. “The retail data adds to that argument. The market is moving to price in further gains in sterling.” The pound rose as much as 0.5 percent to $1.6247, the strongest intraday level since Feb. 3, before trading at $1.6232 at 4:36 p.m. in London. Britain’s currency was little changed versus the euro at 84.16 pence, erasing a 0.7 percent gain. The yield on the 10-year gilt increased four basis points to 3.81 percent. Two-year note yields, typically more sensitive to interest-rate expectations, rose seven basis points to 1.53 percent. Pressure on the Bank of England to raise its key rate from a record low of 0.5 percent increased this week after a Feb. 15 report showed inflation accelerated to double the central bank’s 2 percent target. Consumer-price growth accelerated to 4 percent in January, forcing central bank Governor Mervyn King to write a fifth letter to explain the monetary-policy stance. Hawkish Support Sterling surged yesterday after policy maker Andrew Sentance said in a speech in London that the central bank should raise rates to boost the pound as a means of curbing inflation. King dismissed the spurt in inflation in his letter to Chancellor of the Exchequer George Osborne, saying raising rates quickly would hurt the economy, which unexpectedly shrank by 0.5 percent in the fourth quarter. “There is a feeling in the market that the hawkish camp is trying to get more support, and that King’s argument that inflation will be temporary is losing more and more appeal,” said Ulrich Leuchtmann, head of foreign exchange strategy in Frankfurt at Commerzbank AG. “There are good arguments for joining the hawks. The risk is that when inflation is so high above your target, it risks causing second-round effects that can push inflation higher on a more permanent basis.” Money Markets Money markets signal the Bank of England may boost its bank rate by about 75 basis points by year-end, according to the Sterling Overnight Interbank Average, or Sonia, Tullett Prebon Plc data shows. The implied yield on the December short-sterling futures contract rose eight basis points to 1.74 percent, indicating traders raised bets that borrowing costs will rise. Citigroup Inc. today raised its expectations for rate increases, saying the Bank of England is likely to lift its main rate three times this year, after previously predicting two increases. The timing of the first rate increase is “uncertain” though it may occur as early as March, Citigroup analysts led by Michael Saunders, chief economist for western Europe, wrote in a note to clients. The bank estimates the U.K.’s benchmark rate will climb to 1.25 percent by year-end and 2.25 percent at the end of 2012. The U.K. 10-year breakeven rate, an indication of investors’ inflation expectations over the life of the securities, derived from the yield gap between conventional and index-linked bonds, was little changed at 3.18 percent.   To read more please visit www.bloomberg.com http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-22-02-2011.htm Pounds to Australian Dollars 99C97D93-D1D3-4F58-937D-6E4240972675 Thu, 24 Feb 2011 17:06:12 +0000 * The key focus today is the release of the February eurozone PMI and German IFO business surveys. Both provide an indication of economic trends in the current quarter and are probably the most closely watched of all business surveys by economists and policymakers alike. Scheduled ECB speakers today are Draghi, Stark and Weber. * French PMI services for February comes in at 60.8 beating expectations of 58.0 and the PMI manufacturing comes in as expected at 55.3. * German PMI services for February comes in at 59.5 missing expectations of 60.2 whilst manufacturing PMI comes in at 62.6 smashing expectations of 60.3. * Eurozone PMI services for February has come in at 57.2 beating expectations of 55.9 & PMI has also beat expectations helping the Euro gain some momentum this morning. * The German IFO has come in as expected showing an improvement for February. Significantly, notwithstanding prospects of German government spending cuts and a modest slowdown in Chinese growth, the expectations component is holding up very well, thanks to a pick-up in domestic demand led by a relatively resilient labour market. http://imsfx-fx-broker.blogspot.com/ 1BE5CCE5-0A60-4E60-8010-4648CFDD0049 Mon, 21 Feb 2011 14:51:57 +0000 * Reminding us that inflationary pressures are not just a UK phenomena, German PPI for January is expected to show a rise of 0.7% from the previous month, taking the annual increase to 5.2%. * The ECB will be keeping a close eye to ensure that such increases do not lead to an entrenchment of increased wage expectations, driving consumer prices higher. CPI inflation in the 17 nation eurozone reached 2.4% year-on-year in January, while German reached 2.0%, both above the ECB's target of just under 2.0%. * Germany has warned that the eurozone's future bail-out fund must not become a "regional development fund", despite Europe's widely diverging economies. Next month the EU plans to finalise the rules for the new permanent fund - the European stability Mechanism (ESM). * Spain's auctions were marginally disappointing yesterday, raising a little less than expected, but Portugal was an even bigger underperformer as rumours circulated that they were being pressured to accept a bailout. The big rise in the use of the ECB's marginal lending facility was also apparently EUR negative, but EUR weakness was very selective, only really showing up against the CHF. http://imsfx-fx-broker.blogspot.com/ 1BA82AE6-574E-4A69-AB54-AF828EAFAF6B Mon, 21 Feb 2011 14:51:24 +0000 Feb. 18 (Bloomberg) -- The pound exchange rate reached a two-week high against the us dollar rate after U.K. retail sales surged last month by almost four times the amount forecast by economists, adding to signs the Bank of England has room to raise interest rates. Sterling advanced against a basket of nine developed-nation peers tracked by Bloomberg Correlation-Weighted Currency Indexes. The currency erased gains versus the euro after European Central Bank Executive Board member Lorenzo Bini Smaghi said the bank may need to raise rates as global inflation pressures mount. U.K. retail sales rose 1.9 percent in January, compared with a revised drop of 1.4 percent the previous month, the Office for National Statistics said today in London. The gain was the biggest since February 2010 and exceeded the 0.5 percent median forecast of 22 economists surveyed by Bloomberg. “It seems inevitable that rates will need to go up in the next two quarters,” said Chris Huddleston, a trader at Investec Bank Plc in London. “The retail data adds to that argument. The market is moving to price in further gains in sterling.” The pound rose as much as 0.5 percent to $1.6247, the strongest intraday level since Feb. 3, before trading at $1.6232 at 4:36 p.m. in London. Britain’s currency was little changed versus the euro at 84.16 pence, erasing a 0.7 percent gain. The yield on the 10-year gilt increased four basis points to 3.81 percent. Two-year note yields, typically more sensitive to interest-rate expectations, rose seven basis points to 1.53 percent. Pressure on the Bank of England to raise its key rate from a record low of 0.5 percent increased this week after a Feb. 15 report showed inflation accelerated to double the central bank’s 2 percent target. Consumer-price growth accelerated to 4 percent in January, forcing central bank Governor Mervyn King to write a fifth letter to explain the monetary-policy stance. Hawkish Support Sterling surged yesterday after policy maker Andrew Sentance said in a speech in London that the central bank should raise rates to boost the pound as a means of curbing inflation. King dismissed the spurt in inflation in his letter to Chancellor of the Exchequer George Osborne, saying raising rates quickly would hurt the economy, which unexpectedly shrank by 0.5 percent in the fourth quarter. “There is a feeling in the market that the hawkish camp is trying to get more support, and that King’s argument that inflation will be temporary is losing more and more appeal,” said Ulrich Leuchtmann, head of foreign exchange strategy in Frankfurt at Commerzbank AG. “There are good arguments for joining the hawks. The risk is that when inflation is so high above your target, it risks causing second-round effects that can push inflation higher on a more permanent basis.” Money Markets Money markets signal the Bank of England may boost its bank rate by about 75 basis points by year-end, according to the Sterling Overnight Interbank Average, or Sonia, Tullett Prebon Plc data shows. The implied yield on the December short-sterling futures contract rose eight basis points to 1.74 percent, indicating traders raised bets that borrowing costs will rise. Citigroup Inc. today raised its expectations for rate increases, saying the Bank of England is likely to lift its main rate three times this year, after previously predicting two increases. The timing of the first rate increase is “uncertain” though it may occur as early as March, Citigroup analysts led by Michael Saunders, chief economist for western Europe, wrote in a note to clients. The bank estimates the U.K.’s benchmark rate will climb to 1.25 percent by year-end and 2.25 percent at the end of 2012. The U.K. 10-year breakeven rate, an indication of investors’ inflation expectations over the life of the securities, derived from the yield gap between conventional and index-linked bonds, was little changed at 3.18 percent.   http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-21-02-2011.htm Pounds to Australian Dollars CD670BF7-6058-4E95-8268-C30043BE2741 Mon, 21 Feb 2011 14:48:58 +0000 Feb. 16 (Bloomberg) -- The Australian dollar strengthened from a two-week low against the greenback as Asian stocks gained, increasing demand for higher-yielding assets. The so-called Aussie snapped a two-day loss against the yen as Melbourne-based BHP Billiton Ltd. said profits surged, and after the Reserve Bank of Australia said yesterday a “restrictive” policy was appropriate as a resources boom boosts incomes. New Zealand’s currency advanced from near this year’s low after Fonterra Cooperative Group Ltd. said whole milk powder prices rose to the highest in two and a half years. “There will be some resistance above parity but the Aussie is still a buy on dips,” said Jim Vrondas, a currency dealer in Sydney. “The RBA expects growth to improve and the inflation effects of the Queensland floods will feed through in the second half of the year.” Australia’s currency rose to 99.85 U.S. cents as of 5:19 p.m. in Sydney from 99.64 cents in New York yesterday, when it dropped to 99.44 cents, the least since Jan. 31. The currency fetched 83.57 yen from 83.47 yen. New Zealand’s dollar gained to 75.41 U.S. cents from 75.19 yesterday, when it touched 75.05 cents, the weakest since Dec. 28. It bought 63.12 yen from 62.98. The MSCI Asia Pacific Index of shares rose 0.2 percent. RBA Policy The Reserve Bank of Australia said in minutes of its February meeting released yesterday that a “slightly restrictive” policy stance was appropriate. The bank this month raised its 2011 inflation forecast to 3 percent, the high end of its target range, as reconstruction in Queensland and record jobs growth adds to price pressures. Benchmark interest rates are 4.75 percent in Australia and 3 percent in New Zealand, compared with as low as zero in the U.S. and Japan, attracting investors to the South Pacific nations’ higher-yielding assets. The risk in such trades is that currency market moves will erase profits. Australia’s dollar yesterday fell below parity with the greenback for the first time in two weeks after U.S. equities declined and prices of commodities dropped. The currency will trade at parity until the third quarter before weakening to 98 U.S. cents by year-end, according to the median forecast of analysts polled by Bloomberg News. “While the Aussie dollar holds above 98-98.50 U.S. cents it looks reasonably positive,” said Tim Kelleher, vice-president of institutional banking and markets at Commonwealth Bank of Australia in Auckland. BHP Billiton BHP Billiton Ltd., the world’s largest mining company, said today first-half profit rose 72 percent, driven by an almost threefold gain in iron ore earnings. An Australian index of leading economic indicators rose in December as the economy strengthened before flooding struck the nation’s northeast. The index, a gauge of future economic growth, rose 0.8 percent from a month earlier to 280.7, Westpac Banking Corp. and the Melbourne Institute said in Sydney today. New Zealand’s currency rose for the first time in six days after Auckland-based Fonterra said whole milk powder prices gained 8.4 percent from two weeks earlier, reaching the highest for the near-term contract since July 2008. To read more please visit strong> www.bloomberg.com  Travel-FX Buying Euros? Buy Euros at the best euro Rates! Get a quote for Buying Euros now! Buying Dollars? Buy US Dollars at the Best Dollar Rates! Get a quote for Buying Dollars Now! Buying Australian Dollars? Buy Australian Dollars at the Best Australian Dollar Rates! Get a quote for Buying Australian Dollars Now! Need to Buy Holiday Money? Buy Travel money at the best exchange rates visit www.travelfx.co.uk and save on your travel and holiday money needs Contact IMS Foreign Exchange + 44 207 183 2790 Travel Money Best Currency Rates today Buying Euros Overseas Money Transfers http://www.imsfx.co.uk/daily_report/february-2011/Buying-Euros-16-02-2011.htm Pounds to Australian Dollars C5B2E98E-2F4E-405E-9485-82ADD02549FD Mon, 21 Feb 2011 14:48:56 +0000
The Canadian Dollar is by far the biggest gainer in recent trade with the Loonie finding some relative strength on the back of the news of Russia’s intent to boost Cad reserves over the coming months. Price action in the major currencies has been less compelling however, with the Euro exchange rate in particular still at risk due to the ongoing debt crisis within the region, while the Pound rallies on resumption of risk buying have also been limited on concerns over UK loan exposure to Ireland.

Swiss Franc and Japanese Yen price action remains more consolidative than anything else. On the data front, Japanese trade data came in narrower than expected, while exports data was also subdued. Meanwhile, Australian capital expenditures were much stronger than expected and helped to fuel some additional bids in the antipodean. Elsewhere, geopolitical risk remains on the radar, wit North Korea warning that it would launch more attacks on South Korea if