International money transfer service

After a not-so important overnight session indexes in Europe for future income money transfer rates have respectively low values, while in the same time the equity ones are receiving far better trading rates. As expected, the most important event with economical effect will be the Interest Index decisions scheduled for Thursday 07.02.2008. ...

Contrasting on the background of the very unstable start on the Asian and European markets this week, the EUR/USD had a comparatively nice start on Monday. Even if the loan growth data shows strong positions in Europe, after the EU M3 it was noticed that a much more significant slowdown tortures the economy on the old continent. ...

Apart from the expected Bush’s statement as a not-so-important factor coming from the US, all other factors determining the directions of the currency rates are from the stock market as well as some of ECB statements these days.
The Fed is again expected to affect the currency (EUR/USD mainly) with their rate specification scheduled for Friday this week. ...

The financial plan of George Bush and some of the other political leaders in America might actually become a positive factor for the USD and the global economy but certainly is an enemy of the EUR currency and currency/money transfers in Euro. Anyway, the Fed move in Tuesday stabilized the Euro at a bottom of 1.43 with more certain incoming recovery and most of the dealers predict a direction straight-up for the European currency after this total crisis, which will prove the long-term expectation for a “buy” of EUR/USD. ...

Another uneasy week passed under the ‘carry trade’ slow fade. Many of the pairs in which Yen is involved as well as other stable indices are stalled at levels providing some temporary stability. ...