Friday, December 10, 2010

Job Satisfaction Hits 22-Year Low!



Job Satisfaction Hits 22-Year Low!

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Thursday, December 9, 2010

Pound gains vs Euro, BoE and Trade balance today



Video #3 of Bill Poulos's BRAND NEW Forex trading lab series is
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Good morning
fellow Trader,

Pierre Pienaar from Xcellence Wealth Creator


After a very flat start to the week, yesterday the pound gained against the Euro and US Dollar, following a surge in industrial orders which was a further indication that UK economic recovery is gaining momentum. Rates at 08:30am are as follows:
§ GBP/EUR 1.1900
§ GBP/USD 1.5814
§ GBP/AUD 1.6010
§ GBP/NZD 2.1107
§ GBP/CAD 1.5947
§ GBP/CHF 1.5535
§ GBP/ZAR 10.892
§ GBP/DKK 8.8690
§ GBP/JPY 132.48
§ GBP/HUF 328.79
§ EUR/USD 1.3287
Industrial orders boost Sterling
Industrial orders rose to their highest since June 2008 yesterday surprising the markets. The news follows Tuesdays better than expected Manufacturing data, and this has increased the value of Sterling.

"The decent numbers out of the UK, plus the peripheral concerns in Europe, have tended to push sterling up," said Adrian Schmidt, currency strategist at Lloyds. Yesterday rates vs the Euro broke through €1.19 again, touching a 10 week high.
While the problems in the Eurozone remain, the Euro is also weak which is also the reason GBP/EUR rates have risen again. Rates didn't last long above €1.19 though and have already dropped back this morning following a fall in house prices according to data from the Halifax. Markets are also waiting ahead of the Bank of England interest rate decision later today.
Bank of England decision today
At 12:00 today we will have the latest Bank of England decision on Interest rates. We expect rates to remain on hold at 0.5%. What is interesting is that the members of the Bank of England's Monetary Policy Committee (MPC) seem have a lack of consensus on how to move forwards. Most vote for no change, but in recent months some have voted for an increase and others pushing for another round of Quantitative Easing.
This indecision is unhelpful for the pound and is causing some volatility. We will have to wait 2 weeks for the minutes of today's meeting to see who voted for what. There is a very small outside chance more QE will be announced today. The markets don't expect it though, so if it were to happen expect the pound to fall sharply.
Other important data today
The European Central Bank publishes a monthly report that contains a detailed analysis of the prevailing economic situation and the risks to price stability. It also provides articles on a wide range of topics related to the tasks of the ECB. The Euro is volatile at the moment so markets will look for any comments designed to calm sentiment towards the single currency. If so then the Euro could strengthen and GBP/EUR rates could drop.
From the UK, we have Trade balance figures.This is a balance between exports and imports of goods. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the Sterling. If a steady demand in exchange for UK exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the GBP. If demand is low then the pound may fall.
Take the next step towards the best exchange rates
If you're reading this then it's probably the case you need to buy or sell foreign currency, and are keen to know what moves exchange rates. Take the next step and register an account with us today. It's free to open and doesn't obligate you in any way. It means you can then discuss the different options available to ensure you make the right decision on when to fix your rate.
The most important reason to register with us is our commercial exchange rates. We buy live from the market and so can achieve rates that are up to 5% better than you can achieve at the bank. When converting a large sum, for a property purchase for example, the savings can often run into thousands of pounds. Better in your pocket than the banks. Register below and ensure you mention 'Blog' when you get in touch :


This is my last message for 2010. I wish you and your families a wonderful and relaxing festive season and may we all have better and greater 2011

See you next year.

“May you have a very profitable and  nice day”

Pierre Pienaar
Xcellence Wealth Creator
Billionare Elite Site: http://ning.it/9sZzR6
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Work Smarter, Live Rich. This is the new Rules of Money!

Xcellence Wealth Creator Winner of the Century International Quality Era Award  in the Gold Category.









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Tuesday, December 7, 2010

Pound vs Euro forecast December 2010




Good morning. Sterling edged slightly higher against the Euro yesterday, as investors focused on euro zone debt problems ahead of a meeting of European finance ministers. Today we'll look at where Sterling vs Euro rates will move in December and the forecast outlook. First the usual snapshot of rates as at 08:30am:
§ GBP/EUR 1.1805
§ GBP/USD 1.5776
§ GBP/AUD 1.5888
§ GBP/NZD 2.0643
§ GBP/CAD 1.5832
§ GBP/CHF 1.5418
§ GBP/ZAR 10.837
§ GBP/JPY 130.30
§ GBP/HUF 328.86
§ EUR/USD 1.3357
Pound vs Euro
The euro zone ministers met yesterday and will face pressure to increase the size of a €750 bn safety net for troubled members in order to halt a debt crisis in the single currency bloc.

That is followed by a meeting today of ministers from the European Union, who are expected formally to approve an 85 billion euro aid package for Ireland and discuss the reform of EU budget rules.

An IMF report obtained by Reuters said the euro zone should have a bigger rescue fund for member states in trouble. Germany rejected such a move and dismissed calls for joint euro zone bonds.

The ongoing problems in the Eurozone is the reason GBP/EUR rates are significantly higher than recently. While concerns are ongoing in the EU, the Euro will remain weak. Sterling is also weak however, but focus remains firmly on the Eurozones problems and while it does the Euro will remain weak.

At some point there will be an agreement and consensus on how to proceed with the PIIGS (Portugal, Ireland, Italy, Greece & Spain). When this happens the market will be calmer about the Euro and we expect sooner or later the single currency will regain it's strength. When it does expect GBP/EUR rates to fall sharply.

Of course, in the meantime there is every chance the Euro will weaken further, however predicting if/when this will happen is nigh on impossible. There are however tools you can use to take advantage of market movements in your favour, without simply hoping rates will move your way.

A Stop Loss order is useful if you need to buy Euros in the coming months. This allows you to set a level where your currency is bought should rates fall; €1.15 for example. In this way you can continue to take advantage of any gains in the exchange rate, but at the same time have a safety net should rates drop back.

Stop Loss orders are available for any client wishing to purchase £10k+ of foreign currency. To discuss your requirement and see how much you could save with our commercial exchange rates, contact us today.
It gives you much more control over your currency purchase, and coupled with our commercial rates that are up to 6% better than the banks, and the savings when purchasing a large volume of currency can often run into thousands of pounds. It's better than simply hoping you will get a better rate. Hope is not a reliable economic tool. Take advantage of the knowledge and rates we offer, make an enquiry with us today.

Today's Data

Things get busier in terms of data releases as we see a GDP estimate for the UK. The figure estimates UK growth, and as such can often have a big impact on Sterling exchange rates. Also for the UK we see Retail Sales, Industrial Production and Manufacturing Production.

So, lots that will give clues on the UK economy; expect Sterling volatility.We also have some interest rate decisions for Australia and Canada; we expect no change.

If you are looking for the best exchange rates, click the link below to send us an enquiry, and have a free consultation on what's happening in the currency markets.



Pierre Pienaar
Xcellence Wealth Creator
Billionare Elite Site: http://ning.it/9sZzR6
“Upgrade Your Brain”, click here http://bit.ly/c2XmGe
Real Estate Website http://ning.it/buoBmX
Discover Your real estate investment partner in France –
Use your IRA to buy an Income Producing Property In Costa Rica - You Can Profit from Your Own Retirement Retreat @ http://ning.it/cRjo0Z
RED HOT! Mandela Coins  »  2008 Birthday R5 Coins  Bid now @  Mandela Coins http://vzturl.com/at36
Wanna make a bet… that there is more global economic disaster… somewhere ahead?  http://vzturl.com/ap84  
BULLDOZER MONEY POWER - This is Just Awesome! A Game-Changer http://vzturl.com/ao86  It's Alternative, but I am building a New Income Stream.

Work Smarter, Live Rich. This is the new Rules of Money!

Xcellence Wealth Creator Winner of the Century International Quality Era Award  in the Gold Category.










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