Euro Weakness Looking To Hold by admin 21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708.
No significant movements to report against the ye Read more ... Euro Down Slightly After Weekend On Spain Worry by admin 1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain.
The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ... Euro Stability Still A Concern On Forex Markets by admin 24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021.
‘We expect fu Read more ... Euro Mixed Against All Other Majors by admin 18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro.
The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ... Fed Keeps Rates Low ? Euro Seems Without Trend by admin 14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar.
The Euro dropped yesterday afternoon from 0.04% to 0 Read more ... Bernanke comments causes sell off by Tom 1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ... Euro firm however downside risks remain by Tom 28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ... Euro upside following Greek deal by Tom 22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ... Euro upside following Greek Deal by Tom 21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ... Euro sold as Greek Deal lingers by Tom 16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...
Treasury bill rates fall at weekly auction 21 May 2012 at 4:45pm
[AP] - Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels in four weeks.The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.085 percent, ... Pack the Frugality 21 May 2012 at 3:09pm
[at New York Times] - Companies are trying a number of tactics to hold down their travel bills, including using more videoconferencing and bringing back the per diem. CEO Pay: Who's a Bargain? 21 May 2012 at 1:50pm
[at The Wall Street Journal] - CEO Pay: Who's a Bargain? 'The Truth Is, It Doesn't Work' - CD Projekt On DRM 21 May 2012 at 11:32am
[at Forbes] - In the third and final part of a wide-ranging interview with CD Projekt Red, the leaders of the developer and its sister company, the digital store GOG.com, discuss DRM. [video] Monday 5/21 Insider Buying Report: PAA, HEK 21 May 2012 at 10:00am
[at Forbes] - Bargain hunters are wise to pay careful attention to insider buying, because although there are [...] Five Common Credit Report Mistakes College Students Should Avoid 21 May 2012 at 8:02am
[at Fox Business] - Errors on your credit report can have a big impact on your financial future. Here are five errors every college student should avoid. Would You Open a Bank Account for Free Concert Tickets? 21 May 2012 at 7:33am
[at Kiplinger] - Don't jump on the offer if the account isn't right for you -- even if the tickets are for your favorite band. Paying Rent on Time May Improve Your Credit Score 21 May 2012 at 7:33am
[at Kiplinger] - Experian is now giving more renters the opportunity to report the payment history. Should one spouse take on full debt load? 21 May 2012 at 6:55am
[Credit Cards.com] - A married couple with joint card debt wants to transfer the balance to a lower rate card. Should the better credit score spouse take on the burden alone? Passbook savings loans are secured by savings, CD balances 21 May 2012 at 6:00am
[Credit Cards.com] - Credit unions and some banks across the country offer a tool to help build credit: 'passbook savings loans' secured by your own savings [audio] Business travel discounts not just for big shots 21 May 2012 at 5:05am
[at MarketWatch] - You don't have to be a Fortune 500 company to get a corporate travel deal. MarketWatch Radio's Adrienne Mitchell gets some money-saving tips from Joe Brancatelli of JoeSentMe.com. Cut travel costs with free gas 20 May 2012 at 10:33pm
[at MarketWatch] - Travelers may find it easier to budget for summer road trips this year: Not only are gas prices falling, but many hotels are offering to fill up the tank. Where Karma Could Take Facebook 20 May 2012 at 11:51am
[at Forbes] - Facebook could also be moving to position itself as an alternative to the mobile wallet in a round about, long-term-vision fashion. How J.C. Penney's Coupon Problem Discounts Women 20 May 2012 at 12:40am
[at Forbes] - It seems like Johnson and his team overlooked one critical person in the decision to eliminate coupons from the Penney?s marketing strategy: the female consumer. [$$] Budget Crisis Sparks Fight Among Unions 18 May 2012 at 7:38pm
[at The Wall Street Journal] - Budget Crisis Sparks Fight Among Unions
Black market emerges in Argentina as government imposes currency controls
19 May 2012 at 9:53am BUENOS AIRES, Argentina - The man in the brown suit doesn't need to speak above a whisper to sell his goods along a busy street in the Argentine capital: "Money change. Money change." Those who want to swap pesos for dollars follow him through a run-down mall to a lingerie store. There, amid bras an
Foreign currency exchange: don't get ripped off on your holiday money
15 May 2012 at 9:24am With the pound trading at a high against the euro, many of us are starting to buy our holiday money. But be sure to follow these steps to avoid getting ripped off.
Public Sector Net Borrowing by admin 21 May 2012 at 8:45am
The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is [...] Euro claws back some losses by alex 21 May 2012 at 12:43am
At the G8 summit this weekend, Greece’s political and economic upheaval, together with the growing instability in Spain and Italy, were high on the agenda as leaders sought to calm the situation. World leaders backed keeping Greece in the euro-zone and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened by [...] Moody?s downgrades Spanish banks by alex 18 May 2012 at 1:41am
The potential ?Grexit? is killing the markets as they run for safety in the last day of the week. Uncertainty is all over, and regardless of the new elections being held in June 17, investors still don?t want to risk it.
Not only Greece is in trouble. 16 Spanish banks have been downgraded by Moody?s last [...] Lower inflation expectations not good for GBP by alex 17 May 2012 at 12:53am
The UK inflation report released yesterday showed that the MPC now expect two-year inflation to be lower despite raising the near term projection. Their central inflation projection for two years ahead is 1.6%, about 0.2% lower than in February. The growth forecasts were also lowered in the near term reflecting a poor Q1 2012 and on-going concerns regarding the [...] Focus on Eurozone Politics continues by alex 16 May 2012 at 1:25am
Greece continues to capture the headlines with agreement expected today on formation of an interim Government and likely announcement of new elections as soon as 10 June. Meanwhile the first meeting between Merkel and Hollande resulted in a joint statement pledging commitment from both to keep Greece in the euro with introduction of ?growth measures? subject to adherence to [...] Currencies do not like political uncertainty by alex 15 May 2012 at 1:27am
Political risk events continue to dominate in Europe. The political deadlock continues in Greece although a Greek exit was not discussed at the Euro group meeting held yesterday, nonetheless, suggestions that Greece will leave the euro gained momentum leading to the EU Commission issuing a statement hoping that Greece would remain part of the euro [...] What if Greece Exits? by admin 14 May 2012 at 12:16am
From The Economist Online May 11th 2012, 0:22 by A.P. See original article
As the Economist argues in our briefing this week, a Greek exit from the euro zone would not just be chaotic for Greece itself but would also invite questions about the status of Portugal, Ireland and others. So what would policymakers have to [...] BoE decision today by alex 10 May 2012 at 1:08am
An event laden day lies ahead, kick started with the overnight releases of NZ Business PMI, Japanese Current Account, Trade Balance, China Trade Balance and Australian Employment data. Markets continue to be steered by the European political and sovereign debt crises and in the wake of this bond yield?s continue to remain elevated, notably Spain where [...] Political Pressure on EUR by alex 9 May 2012 at 1:12am
EUR/USD broke below the 1.30 level yesterday as the Greek political crisis rolls on and in this context we expect the EUR to remain under pressure; with French presidential election winner Hollande awaiting inauguration, his pledges to increase state spending and renegotiate the ECB?s independence is unlikely to instil confidence in the market and the longer [...] Euro weakens further by alex 8 May 2012 at 1:05am
There are 3 main reasons why we begin this short week with a weaker Euro;
1.Data suggests that the Eurozone could be heading for its third quarter of negative growth.
2.A change of government in France, one that is likely to be less Berlin friendly than its predecessor.
3.The Greek political parties who supported ongoing austerity measures lost their majority rule, [...]
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