Forex Weekly Trading Forecast: Smooth Sailing Higher for EURUSD, Yen Crosses and S&P 500 Or...
Forex Weekly Trading Forecast: Smooth Sailing Higher for EURUSD, Yen Crosses and S&P 500 Or...
US Dollar Sharply Lower as S&P Surges - What Could Change That?
UBS AG (VTX:UBSN) will restart investment banking operations in Brazil as early as next week, sources said, almost five years after Switzerland's biggest bank sold its highly profitable securities unit there following the global financial crisis. Two sources, who are not authorized to speak publicly on the matter, said on Friday that UBS and Brazil's central bank agreed on setting March 12 as the date to activate the investment-banking license. Sought for comment, UBS said it would continue to focus on wealth management, client solutions and its sales and trading business, including equity research, in Brazil. UBS lost its investment banking license in 2009 after selling Banco UBS Pactual back to its original owners, a group led by billionaire financier Andre Esteves.
Sterling fell against the euro and the dollar on Friday as upbeat signals for both of its major currency peers added to a sense that the pound's strong six-month run higher looks increasingly stretched. The British currency continues to take support from an improving economy and the prospect that the Bank of England will be the first major central bank to raise interest rates next year, and its losses were not large - around 0.1 percent against the dollar and 0.2 percent versus the euro. "If you look at the price action on sterling, it is looking more than a little fatigued," said Stephen Gallo, strategist with Canadian bank BMO in London. The day's main move was a surge for the euro against the dollar after the European Central Bank added details of a hefty loan repayment next week from banks to its decision to steer clear of any further easing of monetary policy a day earlier.
* Euro hit 2-1/2-year peak vs dollar before U.S. jobs data The dollar was up 0.54 percent against the yen to 103.64 yen and flat against the euro, which earlier had hit a 2-1/2 year high against the dollar on signs the European Central Bank's balance sheet was shrinking. Traders shifted gears when the U.S. Labor Department reported that America's employers added 175,000 jobs to their payrolls last month after creating 129,000 new positions in January. That the numbers came even while weather was bad shows the underlying strength of the economy," said Camilla Sutton, currency strategist at Scotia Capital in Toronto.
TORONTO, March 7, 2014 /CNW/ - The portrait of the Canadian family continues to evolve, bringing with it potentially new complexities when it comes to managing money and finances. While married couples still make up two-thirds of all families in Canada, other family arrangements - notably common-law couples and lone-parent families - are gaining ground. And the most recent Canadian Census (2006) found that one in 10 children in Canada live in stepfamilies, about 40 per cent of which involve blended families. "Most people entering into a new relationship already have an established financial routine which will need to be aligned with their new partner," said Cynthia Caskey, Vice President and Portfolio Manager, TD Wealth Private Investment Advice.
Many couples argue over money, but what if your spouse takes away your credit cards or demands you turn over your paycheck? Watch out: you might be married to a financial bully
* ECB disappoints bears, euro seen rising to $1.40 * Expectations for U.S. jobs lowered by soft ADP (Frankfurt: W7L.F - news) , ISM reports LONDON, March 7 (Reuters) - The euro raced to a 2-1/2 year high against the dollar on Friday as short term money market rates rose on signs that the European Central Bank's balance sheet was contracting at a time when other major central banks were still expanding theirs. The data is likely to show job growth picked up enough in February to encourage the Federal Reserve to continue scaling back stimulus.
Lloyds Banking Group plc (LON: LLOY) has bashed its rivals but Harvey Jones says future growth won't be quite as fierce.
I currently have about $12,000 in credit card debt and owe about $48,000 on my mortgage. At the same time, I have just applied for Social Security benefits. My wife is already collecting her Social Security. Well, since your credit isn't good, I'd definitely recommend that you pay down the $12,000 in credit card balances.
* Rupiah hits 4-month high on capital inflows * Taiwan dollar gains on foreign financial institutions * Won rises on exporters' demand (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, March 7 (Reuters) ...
Forex: USD/JPY Technical Analysis – Trend Line Marks Resistance
Forex: EUR/USD Technical Analysis – Euro Hits Two-Month High
Forex: USD/CHF Technical Analysis – February Low Under Fire
M&S Bank is to launch its first fee-free current account this summer, with an interest-free £100 overdraft. All M&S Current Account customers will automatically get a £500 overdraft, but after the interest-free ...
Forex: EUR/GBP Technical Analysis – Euro Attempts Upside Reversal
Forex: GBP/JPY Technical Analysis – Resistance Met Below 173.00
Forex: EUR/JPY Technical Analysis – Clearing a Path Above 144.00
The euro jumped against the dollar on Thursday to highs last touched in December and to a peak against the yen unmatched since January after European policymakers signaled no need for new economic stimulus. The European Central Bank left interest rates unchanged on Thursday and ECB President Mario Draghi told a news conference that economic conditions in the region did not require shifts in monetary policy, including some that may have driven currency trading away from the euro. "The lack of any form of easing or action from the ECB helped the euro because it suggests that the economy is on track," said Vassili Serebriakov, currency strategist at BNP Paribas in New York. The European common currency also gained sharply against the yen, settling with a 1.6 percent gain at 142.790 yen after touching a high of 142.910 yen, which was its highest since Jan. 16.
When an infant is born, the hospital paperwork for parents includes birth certificate and Social Security number applications. Soon, though, there could be another document to fill out: a Roth IRA account setup form. That's the thrust of the Roth Account for Youths Savings Act, or RAYS Act, introduced last week in the U.S. House of Representatives by Ruben Hinojosa (D-Texas). The legislation calls for a simple change to the eligibility rules for contributing to a Roth account.
The median worker’s retirement fund contained a meager $79,300 in 2010. Watch as Money Talks News finance expert Stacy Johnson explains in the video below how you can have a golden nest egg at retirement. Social Security alone isn’t enough to have you living the good life during your golden years. Once your rainy-day fund is full, put that 10 percent you’re not spending into a dedicated retirement fund.
Canadian Dollar Reaches a 2-Week High on an Improved PMI
ECB President Mario Draghi told a news conference ECB policymakers had concluded that economic conditions did not require shifts in monetary policy. Simon Derrick, strategist at Bank of New York Mellon in London, said one element in the euro's strength had clearly been the higher returns offered by peripheral euro zone bonds.
According to the latest IRS statistics, the average federal tax refund this year will be $3,116, up 4.2 percent compared to 2013. Capital One's survey found that most Americans (80 percent) expect to get a refund and more than half of those (52 percent) plan to spend the majority of their refund. Although 52 percent of Americans who will be receiving a tax refund this year are spending the majority of it (as opposed to saving), that spending includes paying down debt.
Fidelity Investments® today announces the first phase of a comprehensive suite of innovative tools and technologies developed to help thousands of American employers and millions of employees make better retirement planning decisions and ultimately try to help them achieve better retirement outcomes.
* All eyes on news conference after ECB holds rates LONDON, March 6 (Reuters) - The euro inched higher on Thursday as the European Central Bank kept interest rates on hold, shaking out some bets of a cut in base rates to support euro zone growth and weaken returns on the single currency versus its peers. The decision may not be the end of the story on ECB policy for the day. While some in the market had backed it to announce a 10 basis point cut in its main interest rates at 1245 GMT, others think it will take more technical steps to tweak the volumes of cash it has set flowing through the banking system to prop up lending and investment.
Almost three-quarters of Moneywise readers plan to use this year's Isa allowance, according to our latest web poll. Nearly half say they will invest this year's full allowance – £11,520 for a stocks and ...
Picking an individual savings allowance (ISA) account in which to squirrel away spare cash can seem a daunting task when faced with the everincreasing range of options. So as a starting point, make sure ...
ECB Around the Corner - Trade Plan for EUR/USD and EUR/JPY
The number of Brits with no nest egg to fall back on has risen year-on-year from eight million to more than nine million, according to a new report. One in five people (19%) have no savings at all and ...
* European analysts deeply divided on chances of ECB rate cut or other easing * Aussie spikes after data supports steady rates outlook LONDON, March 6 (Reuters) - The euro traded flat on Thursday with players split down the middle on the chances of the European Central Bank taking more steps to support euro zone growth and weaken base returns on the single currency versus its peers. An ECB source told Reuters at the start of this week that there would be unanimous agreement to end so-called sterilisation of the bond purchases the bank has made as part of efforts to ease the euro zone's debt crisis.
Forex: USD/JPY Technical Analysis – Support Found Above 101.00
* Won up on offshore funds, stop-loss dollar selling * Rupiah near 4-month high on foreign banks; 11,500/dlr eyed * Ringgit up on short-covering (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, ...
Forex: GBP/USD Technical Analysis – Short Position Triggered
Forex: USD/CHF Technical Analysis – Downtrend Resistance Under Fire
Forex: EUR/GBP Technical Analysis – Sideways Consolidation Continues
Forex: AUD/USD Technical Analysis – Down Trend Boundary Tested
Forex: EUR/JPY Technical Analysis – Familiar Range Top in Play
The euro stayed on the defensive early on Thursday, having lost ground against many of its peers as investors made short shrift of the common currency ahead of possible policy easing by the European Central ...
USDOLLAR Risks Further Losses on Dismal NFP- AUD Carving Lower High?
This month, Upromise by Sallie Mae has increased cash back to help families, college students, and recent grads save and pay for college. During March Bonus College Savings Month, Upromise members can earn 7 percent or more cash back on their online purchases at more than 300 retailers such as Macys.com, Lands’ End, jcpenney.com, and ProFlowers.
Only 22% of women around the world are willing to take on higher risks such as stock gambles to get the higher rewards needed for a cozy retirement, a survey says.
The dollar rallied on Wednesday, shrugging off a softer-than-expected U.S. private-sector payrolls report for February that may have been affected by severe winter conditions. U.S. private employers added ...
So you have a debt that's gone into collections and you've managed to negotiate a payment plan. Next order of business: How do you pay a debt collector?
Rates on savings and cash Isas might be stuck at almost zero, but savers are still not willing to invest. Research by F&C Investments has found that 17% of savers think they can get a similar level of ...
Nationwide has launched its Instant Isa Saver paying a tax-free 1.5%. It is a simple account with a competitive rate, no initial bonus and no withdrawal restrictions and you can transfer your existing ...
Giving up bad habits for Lent could make you £75,000 richer over the course of your working life, according to new research. Giving up cigarettes, alcohol, and treats such as chocolate and take-away coffee ...
Forex: GBP/USD Technical Analysis – Waiting for Topping Confirmation
Forex: EUR/GBP Technical Analysis – Waiting for Directional Clarity
Forex: AUD/USD Technical Analysis – Still Holding Short Position
Forex: GBP/JPY Technical Analysis – Pound Launches Counter-Strike
Forex: EUR/JPY Technical Analysis – Support Above 139.00 Held
Graphic Rewind: USD Reaches 3-Day High Despite Ukraine Losses
Lifestyle choices like downsizing a home, getting rid of a car, or opting for a less expensive college will have a far more dramatic impact on personal finances. Just a quarter of people who took part in a new survey said they were trimming their housing expenses or college savings, according to a recent Ameriprise poll, Financial Trade-Offs. By comparison, more than half of those surveyed said they were cutting back on everyday expenses such as eating out, entertainment and clothing, allowing them to save an average of about $175 per month.
MIDVALE, Utah, March 4, 2014 /PRNewswire/ -- Retirement can be an exciting time of life, yet it is often filled with mixed emotions about how to balance the newly found freedom that comes with not having a full-time job with questions about just how much money is enough for a secure, comfortable retirement. To jump start social media dialogue around this topic, Ally Bank, the direct banking subsidiary of Ally Financial Inc., today launched its "Discovering Retirement" campaign (http://www.ally.com/learn/discover-retirement/), featuring consumer perspectives of what they believe is important - financially and emotionally – as they think about retirement planning. The series, a part of Ally Bank's efforts to engage consumers through social media, features real-life retirees and their success stories, providing histories, decisive financial turning points and actions that enabled their current retirement lifestyle. Other planned elements include featured posts on the Ally Bank Straight Talk Blog touching on pursuing or discovering a passion in retirement, a Google Hangout conversation featuring retirement experts from Bankrate.com and other retirement bloggers, a TweetChat co-hosted with Bankrate.com, info-graphics and tips posted to Ally Bank's "Retirement Ready" Pinterest Board and a "What kind of retiree will you be?" quiz.
LOS ANGELES, March 4, 2014 /PRNewswire/ -- With the increasing availability of mobile and online banking options , it's no surprise that traditional checking account products like paper personal checks ...
* Euro, dollar gain as Putin pulls back troops on exercise * Markets still focused on Crimea, major currencies in ranges * Non-farm payrolls, ECB meeting loom later in week LONDON, March 4 (Reuters) - The dollar and the euro rose against the yen on Tuesday, helped by signs Russia may be seeking to avoid further escalation of its military involvement in Ukraine.
More than half of Americans surveyed say they are saving up to an average of $185 per month by consciously cutting back on eating out, entertainment and clothing, according to the Financial Trade-Offs study released today by Ameriprise Financial .
Pound Falls Following Worse-Than-Expected UK Construction PMI Data
* Euro, dollar gain as Putin pulls back troops on exercise * Aussie struggles in face of new central bank warning * Non-farm payrolls, ECB meeting loom later in week LONDON, March 4 (Reuters) - The dollar and the euro rose against the yen on Tuesday, helped by signs Russia may be seeking to avoid further escalation of its military involvement in Ukraine.
* But concerns about Ukraine may keep yen supported SYDNEY/SINGAPORE, March 4 (Reuters) - The yen slipped on Tuesday, taking a breather from its recent rally that was sparked by investors flocking to the safe-haven currency, but tensions over Russian military intervention in Ukraine were seen likely to lend it support in the near term. Russian President Vladimir Putin's forces have tightened their grip on the Russian-speaking Crimea region, a move described by U.S. President Barack Obama as a violation of international law and of Ukraine's sovereignty.
Forex: USD/JPY Technical Analysis – Passing on Short Trade Setup
Forex: GBP/USD Technical Analysis – Double Top in the Works?
The yen held onto chunky gains early on Tuesday, having been squeezed higher as skittish investors dumped riskier assets amid tensions over Russian military intervention in Ukraine. Russian President Vladimir Putin's forces have tightened their grip on the Russian-speaking Crimea region, a move described by U.S. President Barack Obama as a violation of international law and of Ukraine's sovereignty.
Forex: AUD/USD Technical Analysis – Short Trade Still in Play
Bankers scrambled to assess possible damage to corporate deals and tried to calm customers on Monday after Russia's military intervention in Ukraine unnerved financial markets and hit bank shares in Russia and across Europe. Both local and foreign banks are likely to be affected if Ukraine's currency the hryvnia continues to fall, loans are not repaid or the country defaults on its sovereign debt even though Ukraine's central bank has imposed limits on the amount depositors can withdraw and is ready to provide liquidity. "Every banker in Ukraine is trying to calm their clients and to feel safe, that's their job," Mykola Chumak, chief executive of Kiev-based private banking advisory firm IDNT, said. Russian's Sberbank (SBER.MM), which had temporarily suspended lending in Ukraine, said it would start lending again when the financial situation there improved.
Figuring out how to split childcare costs when you're divorcing is not easy, but it can be like remedial math compared to deciding who pays what for your children's college education. There are countless issues that can come up, but if you're divorced and have visions of your children someday showing you their college diploma, here are three things you need to know: It's best to detail everything from the start, says Jonathan Marks, a divorce attorney in St. Louis. Julie Gill, a Toronto-based family mediator and certified divorce financial analyst, never discussed college when she got divorced 11 years ago.
Canadian Businesses now have an innovative new way to deposit cheques