UNITED KINGDOM

Daily Forecast - 31/3/2010

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The Australian dollar advanced again for the second day against the Greenback pushed on by gains in commodities.
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RBS fined for breaching UK competition law

Bailed-out lender Royal Bank of Scotland has been fined 28.6 million pounds ($43 million) for illegally sharing loan pricing details with rival Barclays , Britain's Office of Fair Trading said on Tuesday.
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Daily Forecast - 30/3/2010

The Aussie rallied overnight after hawkish comments from RBA Governor Glenn Stevens sparked speculation that an interest rate hike may be ahead.
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Major UK banks face refinancing challenge: report

Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.
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Jupiter financials star puts half his fund in cash

British fund firm Jupiter's high-profile investor in financial stocks, Philip Gibbs, has put more than half his fund into cash as uncertainty around the UK election and western government debt hamper visibility.
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Best Buy eyes May UK launch; Carphone demerger

U.S. electrical goods retailer Best Buy will open its first British store in May, it said on Monday, as partner Carphone Warehouse completed its demerger from telecoms arm TalkTalk .
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Forex Playbook: March 28-03 - Currency Pairs of Interest This Week EUR/USD, GBP/USD and AUD/USD

Despite new highs on the Dow and S&P 500, risk aversion dominated the Forex marketplace last week. The US dollar pushed ever higher against its major counterparts, as growing concerns over the Greek debt crisis and a credit downgrade for Portugal weighed on investors. In the current quarter, the euro has slipped 6.8 percent against the dollar - the largest quarterly decline since 2008 - reflecting a general preference in the marketplace for the perceived safety of US assets.
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EUR/USD bullish ???

Did you also keep your breath during the last days and thinking: „How far will EURUSD further fall? I can quieten you - thanks to the common solution of the EU for Greece there was some climbing up of the crosspair. Also if that were only 30 pips compared with the last high of Thursday, but anyhow. How is it going on? Should the course further win, I could expect chances into the direction of 1.3520, 1.3570 or 1.3680 as shortterm targets.
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Euro extends gains; stocks firm

The euro rallied further on Monday from 10-month lows, buoyed by a burst of short-covering as the quarter draws to an end, while Chinese shares hit two-month highs as investors welcomed the launch of a futures index.
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Early child-parent attachment affects behavior, especially for boys

The quality of the relationship between children and their parents is important to children's development, but past research on the link between attachment and development has been inconsistent. Now a new analysis concludes that children, especially boys, who are insecurely attached to their mothers in the early years have more behavior problems later in childhood.
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Daily Forecast - 29/3/2010

The Aussie dollar finished the week near its lows at 0.9030 after dropping to the psychological 90 cent level during Friday's offshore trade.
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Iceland hopes for IMF review within weeks

Iceland's economics minister said on Sunday he was hopeful that a review by the International Monetary Fund could be completed within weeks, potentially releasing crucial aid for the crisis-hit nation.
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British Airways cabin crew stage second strike

British Airways cabin crew began a four-day strike on Saturday, the second walkout this month that will cost the company millions of pounds and lead to more travel chaos before the busy Easter holiday period.
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India to expand basmati rice markets to boost export

India, world's largest producer of aromatic, premier variety basmati rice, is planning to expand its market by exporting to two more countries and increasing shipments to existing country, said APFPEDA official on Friday. State run Agricultural and Processed Food Products Export Development Authority (APFPEDA) said that Mexico has contracted for the basmati rice and China is expected to open a market for premium rice soon.
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EUR/USD – what is coming next?

After a sideways range in the morning between 1.3283 and 1.3347 the cross-pair broke out into the direction of „northern regions, but nothing more. This was not a trading day as I expected before.Alltogether the cross-pair recovered of its blessures. Supported by political announcements of financial help for Greece of the EU. In the evening EURUSD reached about 1.3280.
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Euro zone hopes Greece deal will impress market

Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece.
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Daily Forecast - 26/3/2010

The Aussie dollar clawed back some of its losses in Asia yesterday climbing back above 91 cents as commodity prices steadied and the RBA painted a positive picture of the Australian economy.
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British parties imitate Obama in e-election

U.S. President Barack Obama's use of the Web on his way to the White House in 2008 has inspired British political parties to ramp up their digital campaigns for a general election expected in May.
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The Dollar Prophecy: What the Surging US Dollar Signals for Global Equities

Over the past 18 months, the inverse relationship between the US dollar and global equities markets has proven to be the single constant in an otherwise uncertain economic climate. When equities markets reached their nadir in March, 2009, the US dollar was sitting atop its highest levels, though much of that value would be lost in the equities-rebound that would follow.
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Euro falls amid EU woes, Asian shares falter

The euro fell to a new 10-month low against the dollar on Thursday as Portugal's credit downgrade added to worries about debt in Greece and elsewhere in Europe, hitting riskier assets such as shares and commodities.
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Daily Forecast - 25/3/2010

Despite several attempts to recapture the 92 cent level in Asia yesterday the Aussie dollar retreated and opens this morning back below 91 cents on technical support at 0.9080.

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