Money Transfer Facebook

Posted on Monday, September 12th, 2011 at 1:29 pm in News by The Agent.

Worldwide currencies new to look out for

Money transfer through Facebook is now available but only for users who have Smart Card of Liberty Bank. The maximum daily limit of money transfers through Facebook is 100 GEL (60 USD) and the transaction is completely free for the Facebook sender. One percent will be deducted from the account of the recipient of the money. Currently Smart Card has more than 100,000 unique users and their number is increasing fast, according to Liberty Bank.

China trade figures highlight global divide
Western Union has expanded its money transfer services network with connections to over 30,000 automated teller machines, or ATMs, across Europe and Asia.
Vodafone Fiji has launched an international money transfer service for its mobile payments system.
In the UK overnight RICS Housing Price Balance is released for August.

ELSEWHERE

· EUR/USD has fallen dramatically since Friday reaching lows of 1.3495 as talk a Greek default is set to happen means investors are stepping away from riskier assets.
· German press reports over the weekend suggest that the German Economics Minister was looking at contingency plans to protect domestic banks should there be a Greek default.
· US dollar makes gains against most currencies apart from the Japanese Yen, usual Swiss franc buyers have to find alternatives as the invention continues to keep the CHF weaker.
· ECB member Jurgen Stark announces his resignation late on Friday with the reason believed to be a fundamental disagreement over the decision to recommence asset buying.
· Greek PM, George Papandreou in a speech over the weekend highlighted his determination to try and avoid a default and pledged his commitment to the euro.
· German Consumer Price Index rises to 2.4% against expectations of 2.3%.

IN THE UK

· Friday saw one of the most volatile days trading GBPEUR for a nearly two years, after rekindled fear of Eurozone debt the pound hammered the euro reaching a 3 ½ month with further gains made this morning during the Asian session reaching €1.1724.
· Sterling continued to weaken against the dollar falling to a session low of $1.5844 as the renewed fears sent investors running for the safe havens.
· Producer price index output rises to 6.1% against expectations of 5.9% but is largely overshadowed by the euro problems.

Key Support and Resistance Levels
	Support			Resistance
GBPUSD	1.5670	1.5756	1.5818	1.5966	1.6052	1.6114
GBPEUR	1.1344	1.1404	1.1513	1.1682	1.1742	1.1851
EURUSD	1.3229	1.3428	1.3539	1.3849	1.4048	1.4159

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