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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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[video] Garbage Trucks Look to Cleaner, Cheaper Gas
23 May 2012 at 2:42pm
[at MarketWatch] - Waste Management devised a strategy to save money on diesel-fuel costs: it is buying trucks that will run on cheaper natural gas. Leslie Eaton has details on The News Hub. Photo: Alison Yin for the Wall ...
[$$] Sony, Samsung Rein In Retailers' Discounts on TVs
23 May 2012 at 1:26pm
[at The Wall Street Journal] - Sony, Samsung Rein In Retailers' Discounts on TVs
[video] Wednesday 5/23 Insider Buying Report: JBLU, CINF
23 May 2012 at 1:10pm
[at Forbes] - Bargain hunters are wise to pay careful attention to insider buying, because although there are [...]
[video] What Is 'Miracle' BB Cream?
23 May 2012 at 11:35am
[at MarketWatch] - Beauty shoppers are now confronted with products labeled "BB" for beauty balm. This new cosmetics category puts a moisturizer, sun protection and primer all in one product. Elizabeth Holmes explains ...
Highway, bridge tolls higher for out-of-towners
23 May 2012 at 10:50am
[AP] - Some tolling authorities have found a way to give local motorists a discount on tolls while charging out-of-towners a higher rate for using the same roads and bridges.The E-ZPass electronic toll reading ...
The Death of the Certificate of Deposit: Will CD Rates Ever Rebound?
23 May 2012 at 10:39am
[US News & World Report] - Certificates of deposit, commonly known as CDs, were considered a goldmine by our parents and grandparents for the alluring CD rates once offered. Since their time, however, interest rates on CDs and other ...
Wild Incentives For Opening A Bank Account
23 May 2012 at 10:08am
[Investopedia] - Banks will do anything to get customers to open accounts - here are some of the strangest.
Target partners with shopkick app
23 May 2012 at 9:43am
[AP] - Target Corp. said Wednesday that shoppers can now use the shopkick smartphone application to earn points in stores that can be redeemed for rewards.No purchases are necessary ? just browsing in Target's ...
Glendale council takes 1st step in Coyotes sale
23 May 2012 at 9:25am
[AP] - The Glendale City Council has approved a preliminary budget that includes $17 million to be paid to the prospective buyer of the NHL's Phoenix Coyotes for operating costs for the city's Jobing.com Arena.The ...
10 Ways to Save Money by Spending More
23 May 2012 at 8:20am
[at CNBC] - Spending more on some things can save you money. Shopping smarter does not always mean spending less. Here are 10 ideas for 'thrifty buys.'
Compare high-yield checking accounts
23 May 2012 at 8:13am
[Bankrate.com] - Checking � High-Yield Checking � Survey Bankrate surveyed 158 banks, thrifts and credit unions to find the best high-yield checking accounts across the country. This year, 57 institutions offer such accounts.This ...
High-yield checking account rates still rockin'
23 May 2012 at 8:13am
[Bankrate.com] - Checking � High-Yield Checking � High-Yield Checking Rates Still Rockin'Apologies to Dickens, but if you were to write a novel called "Rate Expectations" right now, it would be almost as melancholy ...
4 warnings for high-yield checking chasers
23 May 2012 at 8:13am
[Bankrate.com] - Checking � High-Yield Checking � 4 Warnings For High-Yield Checking Chasers Lessons for yield chasersLet's face it: It's not a friendly financial environment for anyone looking to earn income from liquid ...
What happens when you write a check?
23 May 2012 at 8:13am
[Bankrate.com] - Checking � High-Yield Checking � What Happens When You Write A Check?In an age of plastic money, many people have forgotten about or never learned to use the paper checks that come with most bank, brokerage ...
High-yield checking: A good bet
23 May 2012 at 8:13am
[Bankrate.com] - Checking � High-Yield Checking: A Good BetWhen the economy is seemingly stuck in neutral and the federal funds rate is hovering between zero percent and 0.25 percent for the foreseeable future, you could ...
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Dollar and precious metals at a glance

23 May 2012 at 1:35pm Key currency exchange rates Wednesday, compared with late Tuesday in New York:

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Currency trouble

23 May 2012 at 12:55pm The rupee cracked 56 against the dollar on Wednesday, following a steady fall over the past few weeks. One of the basic facts about international currency dynamics is that foreign exchange markets first exhibit delayed reactions and then tend to overshoot the true, rational value of the exchange rate. It appears now that the rupee is undervalued ? judging, at least, by various trade-weighted ...

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Currency exchange office opens at Rivercenter

22 May 2012 at 7:44pm A Foreign Currency Exchange branch buying and selling more than 70 foreign currencies opened last month at Rivercenter mall downtown. The two-employee branch, the Tampa, Fla.-based company's first in Texas, operates on the street-level corridor leading to Macy's Inc. department store and is open 10 a.m. to 9 p.m. Monday through Saturday. Branches typically grow to three to five employees, said ...

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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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