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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 ...

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Final Glance: Silver companies
22 May 2012 at 4:02pm

Shares of some top silver companies were mixed at the close of trading:Hecla Mining Co. fell $.06 or 1.5 percent, to $4.06.Pan American Silver Corp. fell $.10 or .6 percent, to $16.32.Silver Standard Resources ...

Final Glance: Gold companies
22 May 2012 at 4:02pm

Shares of some top gold companies were down at the close of trading:Barrick Gold Corp. fell $.54 or 1.4 percent, to $37.62.Gold Fields fell $.08 or .6 percent, to $12.65.GoldCorp. fell $.41 or 1.2 percent, ...

Final Glance: Coal companies
22 May 2012 at 4:02pm

Shares of some top coal companies were down at the close of trading:Arch Coal fell $.57 or 7.4 percent, to $7.15.Consol Energy Inc. fell $.59 or 1.9 percent, to $29.85.Peabody Energy fell $.97 or 3.9 percent, ...

Corn prices plunge on moderating weather forecast
22 May 2012 at 2:28pm

Corn prices dropped nearly 6 percent Tuesday after forecasts predicted cooler weather and the potential for rain that could benefit crops in parts of the Corn Belt.The better growing conditions could mitigate ...

Grains futures fall, beef prices rise
22 May 2012 at 1:21pm

Grains futures fell Tuesday on the Chicago Board of Trade.Wheat for July delivery fell 18.50 cents to $6.8550 a bushel; July corn dropped 36 cents to $5.97 a bushel; July oats fell 8.50 cents to $3.3350 ...

Patriot Coal halted for circuit breaker after issuing statement on refinancing
22 May 2012 at 12:10pm

14:10 EDT Patriot Coal halted for circuit breaker after issuing statement on refinancing

65 miners await rescue at Zimbabwe platinum mine
22 May 2012 at 12:01pm

Sixty-five miners are awaiting rescue underground at a platinum mine on Tuesday after conveyor equipment collapsed in southern Zimbabwe.National Mine Workers Union head Shadreck Pelewelo said that 20 miners ...

Sector Snap: Coal cos. decline
22 May 2012 at 12:00pm

Shares of U.S. coal companies declined with lingering questions about the health of the Chinese economy and a potentially disastrous situation in Europe.Last month an Associated Press analysis showed that ...

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Garzy Hatfield - 1UP.COM

20 May 2012 at 10:02am Setting up for a stop by to London? Hunting for accommodation in London ... If you want the cheapest exchange rates, wait to exchange your currency until you arrive at the destination. Waiting to exchange your money can often times get you ...

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France 2009: summer holiday planning guide - Daily Telegraph

16 May 2012 at 2:15am The current exchange rate for ... Nice and Strasbourg from London City; Lyons from Southampton. British Airways (0844 493 0787, www.ba.com) flies to Bordeaux, Geneva, Lyons, Marseilles, Nice, Paris, Toulouse. Flies from Heathrow, Gatwick, London City.

Read more...

Top Ten Travel Innovations - huffingtonpost.co.uk

9 May 2012 at 8:06am Travellers' cheques and currency exchange bureaux are no longer a necessity ... The original Boeing 747 was flown commercially in 1970, arriving at London Heathrow on 22 January carrying 324 passengers. At nearly three times the size of the 707, it ...

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CONSUMER PRICE INDEX
by alex
22 May 2012 at 1:58am
The Consumer Price Index �is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is [...]
Inflation Data key for GBP
by alex
22 May 2012 at 12:48am
After the weekend G8 summit, sentiment on the markets was a little more upbeat�yesterday. Markets took some comfort from news out of China that indicated it would fast�track approvals for investment in infrastructure projects to combat a slowdown in the�economy. This supports recent calls from the Chinese premier for policies to maintain�growth after a series [...]
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 [...]

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