European Central Banks to Stop Lending to Greek Banks

The ECB has piled more pressure on Greece stating that it will stop lending to some Greek banks to limit its risk. This came as President Draghi signaled that they ...

Prepare for Greece to exit the Euro

Mixed messages across the Euro Zone with IMF Head Legarde stating late yesterday that Europe should ‘prepare’ for the exit of Greece from the Euro despite Euro officials stating Greece ...

Moody’s downgrade 26 Italian banks

Another day of jangling nerves lies ahead in the Euro Zone. Yesterday saw ratings agency Moody’s downgrade 26 Italian banks while Euro officials urged Spain to speed up banking reforms. Speculation ...

Commodities weaken the AUD

Political unrest continues across the Euro Zone and as the result the Euro opens lower as we begin the week. Talks between the major parties in Greece broke down with the ...

China’s industrial production shrinks to all time low 2009

Foreign Exchange Rate Range EUR/USD 1.2904-1.2944 Foreign Exchange Rate Range GBP/USD 1.6097-1.6142 Foreign Exchange Rate Range GBP/EUR 1.2465-1.2504 Spain’s problems continue as independent inspectors are ...

Spanish Bank Bankia to lose 45% stake to Spanish Government

Foreign Exchange Rates Ranges EUR/USD 1.2928-1.2964 Foreign Exchange Rates Ranges GBP/USD 1.6123-1.6151 Foreign Exchange Rates Ranges GBP/EUR 1.2444-1.2479 The Euro came under further selling pressure ...

Buying Gold or Oil Paying in Sterling could give you a better rate

Foreign Exchange Rates EUR/USD 1.2964-1.3004 Foreign Exchange Rates GBP/USD 1.6128-1.6156 Foreign Exchange Rates GBP/EUR 1.2419-1.2444 The Euro opened below $ 1.3000 and technically could fall ...

Greek commitment to austerity measures

Foreign Exchange Rate Ranges EUR/USD 1.3000-1.3060 Foreign Exchange Rate Ranges GBP/USD 1.6124-1.6119 Foreign Exchange Rate Ranges GBP/EUR 1.2386-1.2422 The pound traded within sight of the ...

U.S. non-farm payroll data

Foreign Exchange Rates Ranges EUR/USD 1.3137-1.3162 Foreign Exchange Rates Ranges GBP/USD 1.6172-1.6195 Foreign Exchange Rates Ranges GBP/EUR 1.2298-1.2314 Those who had expected ...

Western Union concentrating on India

Foreign Exchange Rates Ranges EUR/USD 1.3134-1.3160 Foreign Exchange Rates Ranges GBP/USD 1.6170-1.6196 Foreign Exchange Rates Ranges GBP/EUR 1.2300-1.2320 Western Union the money transfer services provider ...
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