Tue, Oct 21, 2008 | Headlines | - US stocks staged the biggest rally in seven decades on a government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with US dollars
| - Governments across Europe have unlocked more than one trillion euros in rescue funds for the stumbling banking sector, as world stocks soared on news of the bail-out
| - Bank of England policy maker Andrew Sentance has said the UK economy may already be in a recession and inflation may slow below the central bank's 2 percent target, suggesting he may vote to cut the benchmark interest rate
| - Goldman Sachs, the financial company long known for investment banking has applied for a New York State bank charter
| - Honda, shuffling US production to keep factories busy, will boost car output and build fewer minivans and sport-utility vehicles as light-truck sales fall
| - The Bank of England is providing a loan of £100 million to the collapsed Icelandic bank, Landsbanki, to help it repay billions owed to UK depositors and local authorities
| - Iceland has become the first Western nation to call in the IMF since Denis Healey did the same for the UK more than 30 years ago
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Indicative rates | | AUD | Buy | Sell | | Buy range | | USD | 0.6961 | 0.6971 |  | 0.6809~0.7264 | | GBP | 0.4001 | 0.4011 | | 0.3940~0.4124 | | EUR | 0.5121 | 0.5131 | | 0.5020~0.5323 | | JPY | 71.00 | 71.15 | | 68.91~75.18 | | CHF | 0.7921 | 0.7941 | | | | HKD | 5.3998 | 5.4048 | | | | SGD | 1.0142 | 1.0162 | | | | NZD | 1.1301 | 1.1326 | | | | ZAR | 6.3181 | 6.3281 | | | | CAD | 0.7977 | 0.7997 | | | | DKK | 3.8172 | 3.8242 | | | | NOK | 4.3242 | 4.3342 | | | | SEK | 4.9582 | 4.9682 | | | | These rates are based upon this morning's market taking the major trend into account. They are indicative only and might not be current at the time you wish to transact. So, please call for your "up-to-the-minute" rates to make sure you get the best available advice. |
Key market indices | | TWI | 53.4 |  | -12.2 | | Oil | 81.14 | | -14.90 | | Gold | 830.80 | | -75.00 |
Diary | | Australia | | NAB Business survey, Sep | | Euro | | Industrial production, Aug, m/y%ch | | Japan | | Consumer confidence, Sep | | | Domestic CGPI, Sep, m/y%ch | | NZ | | NZIER Business opinion survey, QIII | | UK | | CPI, Sep, m/y%ch, (0.6/4.7); Core, y%ch | | | DCLG house price, Aug, y%ch | | | RPI, Sep, m/y%ch, (0.3/4.8); Index |
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| | The data presented in this table is an extract from the Forex Plus Morning Report issued every morning as a FREE service to our customers. | | To view a sample morning report, click here. And to view a sample Monday Chart Set included with every Monday morning report, click here. | | To get a FREE subscription to our full morning report daily by email, to help you know when to buy or sell foreign exchange - click here! | | Forex Plus Policies |
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| | Attention: Importers, Exporters, Investors and Relocators | If you: |  | pay overseas suppliers' using foreign currency, | | | use letters of credit, or trade finance facilities, | | | are buying or selling foreign assets (like property), | | | are making investments overseas, | | | have foreign currency to convert to AUD, | | | repatriate foreign currency to Australia, | | | are relocating to Australia, or | | | trade currencies ... |
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| then ... | Here are 7 good reasons why dealing with Forex Plus is a wise decision ... | | 1.Our clients save money by getting the best exchange rates for all currencies every time. How? Forex Plus is a specialist Foreign Exchange company with low operating overheads, effective systems and experienced dealers focussed on delivering excellent service and advice including strategies to help you get the MOST for your money on exchange. Our rates reflect our low cost base which means you'll save money. And when you call for a rate from Forex Plus, you'll get the real rate, straight from the trading floor so you know it's real, rather than an artificial day rate with excessive margins built in for the bank's benefit. | | 2.With our "Daily Market Commentary", delivered to your desk every morning, you're kept right up to date on what the major currencies and overseas markets are doing from a uniquely Australian perspective to help you plan your buying (or selling) to save money. With other providers, you'll get a US-centric view of the global market which is of limited value if your business environment is Australia. To get a FREE subscription to our full morning report daily by email, to help you know when to buy or sell foreign exchange - click here! | | 3.Using Forex Plus is easy. You will save time using our "no fuss" simplified booking process with absolutely no contracts or agreements; unlike banks and other institutions. Our systems remember your entire beneficiary details for use on future transactions. You can reference your beneficiary by number or name to save you time and eliminate the possibility of mistakes. Just call, book your rate for delivery now or some time in the future and let us know your beneficiary. We'll send you the confirmation receipt and then wait for your funds to arrive in our Settlement Trust account. On your funds clearing, they'll be despatched immediately to your beneficiary (which could be you), using only the safest inter-bank routes. | | 4.We help you take the guess work out of when to buy (or sell). We'll provide you with advice based upon analysis and experience. And we'll watch the market for you and let you know when the rate reaches the levels you nominate. Or, if you are looking to transact over a longer time frame, you can literally save thousands of dollars using our planned buy (sell) strategies taking advantage of the currency cycles to transact at peak rates. Using this service from Forex Plus, you'll consistently get better than wholesale rates, and often better than floor rates, compared to the time you would have otherwise transacted. We show you how. | | 5.If you are looking to hedge (that is, to buy or sell a currency today for delivery sometime in the future when the rate is expected to be less attractive), you can use our unique hedging service. You can buy (or sell) months in advance to help you manage your forward purchasing which means certainty in your cash flow management without using any of your own money. This is unique to Forex Plus. We show you how. | | 6.You get real peace of mind knowing your funds have been sent to your beneficiary via the safest and fastest inter-bank route possible. We know from testing where the safest inter-banks routes are. Choice of the inter-bank delivery route is a major factor in determining whether your funds are delivered on-time, late, or, worse, not at all. Rest assured, before we send your money, we take care to establish the safest inter-bank route and then fastest route to your beneficiary, to make absolutely sure your funds are delivered safely and on-time, every time. | | 7.We believe NO customer should lose by doing business with Forex Plus. So, unlike any other foreign exchange institution including the banks, you get a cast iron guarantee, backed by insurance, that takes the "risk" out of foreign currency transactions - guaranteed delivery of your funds on time, no excuses ... or we'll pay double your transaction costs (does not apply in the case of invalid beneficiary account numbers). We've successfully done thousands of transactions for our customers. But we are human, which is why you have our 200% risk free guarantee. | Stress Free Foreign Exchange for Importers, Exporters and Investors ... On Time Delivery; Guaranteed for Peace of Mind! |
| | | Forex Plus Australia Pty Ltd
Level 2, Suite 206,
220 Pacific Highway
Crows Nest, NSW 2065
Australia
Tel: +61 2 9965 5800
Fax: +61 2 9929 5544
ABN 56 098 382 202 ¤ AFSL 259763 | |
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