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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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RadioShack Corp. (RSH)
23 May 2012 at 11:00pm

RadioShack Corp.'s (RSH) difficulties persists as the company's first-quarter 2012 financial results were pathetic. The company's core consumer electronics retail business is on a secular downtrend and ...

Europe weighs on NetApp's outlook, stock slumps
23 May 2012 at 4:41pm

NetApp Inc on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours ...

Knight Capital sees losses on Facebook listing glitches
23 May 2012 at 4:05pm

Electronic trader Knight Capital Group Inc said its second-quarter results will be hurt by losses related to numerous issues during Facebook Inc's Nasdaq listing. A technical glitch delayed Facebook's ...

Calvin Klein, Hilfiger lift PVH 1Q profit 61 pct
23 May 2012 at 4:03pm

PVH Corp. said Wednesday that the popularity of its Calvin Klein and Tommy Hilfiger brands lifted its fiscal first-quarter profit 61 percent, topping Wall Street expectations.The clothing seller said that ...

ONEOK Inc sees 18 percent profit growth in 2012-14
23 May 2012 at 3:50pm

Natural gas processor ONEOK Inc said it expects profit to grow by 18 percent in the next two years as it ramps up spending to boost output at its unit ONEOK Partners LP . The company also expects to boost ...

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Roulette online in a dirrerent currency?
Hello, im from the u.k but i want to play roulette in a foreign currency online. asian/korean or something, anywhere thats secure and where i get a better exchange rate. Is this possible? i have looked but only find european/uk roulette. thanks alot Andy MOSES--- thanks for your reply. so you are saying no foreign countrys play roulette online? i have a stratergy that i cant lose on paper and want to test in real life now but i need to use a curency that allows bigger numbers. like �200 = 15000 won or something in korean. Cheers MOSES--- martingale is a fools tactic, i have seen 26reds before. no im slightly more advanced than that :) i would share with you my idea in exchange for a foreign casino that i can play in their currency from home. pretty fair deal. but i would prefer emailing it to you personaly instead of here. thanks i wouldent believe me either if i just read it. its not to do with the fact they convert money back.. i know that. it allows me to stay on the table longer if i have more units, therefore playing longer to make double the profit so that when i convert back i have won some. im not asking you to spend any money just if you find a casino then i will share my idea.. no harm in reading what i have as a stratergy? you can decide to use it after or not if you wish. Thanks Andy

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Buying foreign currency online?
just wondering if anyone has done this before - used the moneysaving expert comparison site and there seems to be a place called 'the change group' that will deliver to my home address free of charge (with insurance) and is a better rate as opposed to those on the high street. But for the sake of saving �3, should I just go into a shop and buy euros tomorrow, or would it be better to have them sent?? Cheers

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Foreign Currency Online News

Walton Westphalia Development Corporation Reports First Quarter 2012 Results ...

23 May 2012 at 5:14pm

Walton Westphalia Development Corporation Reports First Quarter 2012 Results
EON: Enhanced Online News (press release)
This difference between comprehensive loss and net loss was a result of foreign currency translation adjustments on the translation of the US Subsidiary's financial statements into the Canadian dollar presentation currency of the consolidated financial ...

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Jiayuan Announces First Quarter 2012 Financial Results - MarketWatch (press r...

23 May 2012 at 3:33pm

Jiayuan Announces First Quarter 2012 Financial Results
MarketWatch (press release)
BEIJING, May 23, 2012 /PRNewswire via COMTEX/ -- Jiayuan.com International Ltd. ("Jiayuan" or "the Company") (NASDAQ:DATE) , operator of the largest online dating platform in China, today announced its unaudited financial results for the first quarter ...

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The Fee That Credit Card Issuers Are Leaving Behind - TIME

23 May 2012 at 9:51am

TIME

The Fee That Credit Card Issuers Are Leaving Behind
TIME
Yet one credit card charge that has been standard for years?the ?foreign transaction? or ?foreign currency? fee, which tacks on an extra 3% or so to every hotel stay, meal, or tchotchke purchased outside the US?is slowly but surely being dropped by ...

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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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