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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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Yahoo! Finance: Banking News
The latest news on Banking from Yahoo! Finance

New Rules for Prepaid Debit Cards
23 May 2012 at 6:23am
[at New York Times] - The Consumer Financial Protection Bureau will impose new restrictions on prepaid debit cards, highly profitable products for banks that until now have been mostly unregulated.
Comparing Checking Account and Prepaid Debit Card Fees
23 May 2012 at 6:09am
[at New York Times] - The Web site NerdWallet compared fees for checking accounts with those for prepaid debit cards.
Wet April sends UK retailers running for cover
23 May 2012 at 5:50am
High-yield checking beats big banks
23 May 2012 at 5:18am
[CNNMoney.com] - High-yield checking beats big banks
[$$] Deal Offered in LIRR Scam
22 May 2012 at 7:25pm
[at The Wall Street Journal] - Deal Offered in LIRR Scam
Silicon Valley tech exec accused of Lego thefts
22 May 2012 at 6:22pm
[AP] - A Silicon Valley software executive put fake bar codes on Lego sets at various Target stores, bought the toys at a steep discount, then sold them online for thousands of dollars, authorities said.Thomas ...
[$$] Sony, Samsung Rein In Retailers' Discounts on TVs
22 May 2012 at 5:40pm
[at The Wall Street Journal] - Sony, Samsung Rein In Retailers' Discounts on TVs
NY rail workers in disability scam can get amnesty
22 May 2012 at 4:40pm
[AP] - Railroad retirees who faked disability claims in order to get more lucrative pensions from the country's second-largest commuter rail system would avoid prosecution and be able to keep some benefits if ...
How to Succeed Through Blackmail
22 May 2012 at 4:30pm
[at CNBC] - Why do some people excel in public venues like school or work but sometimes fail in private ventures like losing weight or saving money? They lack peer pressure in their private lives. You work harder ...
"Fiscal cliff" could cause U.S. recession: CBO
22 May 2012 at 4:18pm
[Reuters] - A stalemate over how to tackle a series of fiscal deadlines at year's end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned ...
Motel 6 being sold to private group for $1.9B
22 May 2012 at 4:01pm
[AP] - French hotel company Accor SA is checking out of Motel 6 and a prominent U.S. investment firm is moving in.Accor said Tuesday that it reached a deal to sell the U.S. motel company, including its extended-stay ...
[video] Sony and Samsung Try to Rein In TV Discounts
22 May 2012 at 3:50pm
[at MarketWatch] - Sony and Samsung have begun trying to force retailers to rein in discounts on televisions, threatening to cut off those who sell TVs for below the manufacturers' minimum prices. Ann Zimmerman has details ...
[video] Tuesday 5/22 Insider Buying Report: CAB, DO
22 May 2012 at 2:25pm
[at Forbes] - Bargain hunters are wise to pay careful attention to insider buying, because although there are [...]
Petrobras may raise exploration, production budget
22 May 2012 at 1:24pm
Ten of 12 Regional Fed Banks Vote for Flat Discount Rate
22 May 2012 at 12:58pm
[at The Wall Street Journal] - Ten of 12 Regional Fed Banks Vote for Flat Discount Rate
[[ct]]: Currency Exchange Post Office Edinburgh

International Travel Tips : Where to Find Good Airline Fares

12 Apr 2009 at 4:46pm

Socialism, Obama Spreading the Wealth (US Tax money goes to Taliban)

2 Oct 2010 at 11:48am

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Edge-of-the-Empire IR - Business 2 Community

22 May 2012 at 12:19pm

Edge-of-the-Empire IR
Business 2 Community
A strong currency combined with last year's natural disasters at home and in Thailand culminated in the company posting one of its worst quarters in history. 'For many Japanese companies at the moment, it is very difficult to do IR because the stock ...

Top tips for the summer holidays - The Guardian

22 May 2012 at 3:15am

The Guardian

Top tips for the summer holidays
The Guardian
When booking your summer holiday, selecting a destination based on exchange rates and how far your money will go could save you hundreds of pounds. According to the Post Office Worldwide Holidays Costs Barometer for 2012, Spain is the most affordable ...

Get your travel money plans in order this summer - Scotsman

12 May 2012 at 11:49am

Scotsman

Get your travel money plans in order this summer
Scotsman
Thousands of Scottish holidaymakers have seen their plans scuppered in recent years by airline failures (not least Edinburgh-based Flyglobespan), holiday firms collapsing and unforeseen circumstances such as the Icelandic ash cloud that grounded ...

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Currency Updates

CurrencyUK

Euro at risk for major drop
by alex
23 May 2012 at 1:35am
The Consumer price inflation(CPI) in the UK fell to 3.0% in April, down from 3.5% in the previous month. Although this was only marginally faster than the markets had anticipated (consensus 3.1%), this will come as relief to the BOE following last month?s rise in inflation.�It is also of symbolic importance that Sir Mervyn King [...]
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 [...]

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