American Airlines Pilots Turn To Self-Directed IRAs As Deadline Looms Author: Tassoula Kokkoris
The self-directed IRA industry keeps growing, and more people than ever are looking for ways to diversify outside of the stock market.
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What Is The Forex Market And How Can It Benefit You? Author: HFX
Forex (Foreign Exchange) is an on the spot purchase and sale of one countries currency for that of another country.
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British Recession and Gold Investment Author: Ben Traynor
Recent economic reports in Great Britain indicate the country is experiencing its first “double-dip” recession since the ‘70s, although the development was expected due to rising debt and falling GDP. The evolving economic climate could result in a Greek-style debt crisis or runaway inflation, and many are wondering how it will impact their investments. British gold investors in particular are curious as to how the recession will impact Sterling gold prices, and while many who invested early on in the crisis have enjoyed gains, the turning tide may be a sign that hedging against those bets may be a wise decision. For more on this continue reading the following article from Bullion Vault.
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France Linchpin in Euro Success or Failure Author: Martin Hutchinson
While all eyes are on Spain to see whether its struggling economy will be the last straw for the euro, some experts believe the real danger lurking in the shadows is France. France is positioned in such a way that if it were to fail the whole of the Eurozone could not bail it out, and right now it’s debt-to-GDP ratio was at 85% at the close of 2011 - far worse than Spain’s at 66%. Moreover, Spain has been introducing a hard-hitting austerity program while France’s plan focuses only on tax increases rather than spending cuts. It’s possible the fate of the euro could be further focused to France’s election, as some speculate a radical shift in policy could damage prospects for stability.
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Analysts Consider Fate of Euro Author: BBH FX Strategy
Where once it believed the euro was fated to an untimely demise due to a global financial meltdown followed by a regional debt crisis, it now appears the currency may struggle out of the mire to live another day thanks to large liquidity injections and a halting but noticeable U.S. economic recovery. The euro actually rose in the first quarter despite continued unease about the state of Greece and the potential problems still lurking in Ireland, Italy and Spain. Experts expect elections in Greece and France may cause further currency instability, but look to interest rate differentials between the U.S. and Germany and the correlation between the euro and the S&P 500 for signs of what the beleaguered currency may do next.
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EMEA Currencies Respond to Trade Balance Data Author: BBH FX Strategy
The external trade balance reports for European, Middle Eastern and African countries indicates ups and downs for various currencies, with Hungary and Turkey looking to perform while South Africa and Poland are expected to slip. Experts believe the narrow trade deficit in Turkey is promising for currency there, but South Africa’s deficit did not narrow as much and will likely leave currency weak. Poland’s deficit has grown, which means currency will probably suffer in the short- and medium-term, but there is still hope for later improvement. Finally, although Hungary’s account surplus is shrinking, experts expect good performance on margin.
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US Dollar Up, Others Struggle Author: BBH FX Strategy
The U.S. dollar enjoyed what currency analysts are calling “Turnaround Tuesday” due to impressive midweek performance that is likely linked to improving U.S. real estate market data and positive news from the Federal Reserve, and has even shown strength against the yen. The euro is down after not meeting hoped-for resistance goals and sterling also continues to struggle, while both European and Asian markets both saw declines. Meanwhile, the Australian dollar is showing signs of weakness and currencies in emerging markets slip, rounding out a wide field of underperformers.
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US Dollar Performance Mixed Author: BBH FX Strategy
The U.S. dollar is strengthening against the euro and yen, although movement in the currency market has remained muted. The euro continues its struggle to recover from last week’s beating, although Spain is attracting attention as an underperformer. Other Eurozone members are calling for the country to make deeper cuts, and leadership there seems amenable to the recommendation. Meanwhile, investors are still fearful about Greece and consider it a bad bet. In the U.S. investors will eye the latest Federal Reserve announcement regarding the QE3, although no one expects a deviation from the agency’s plan to keep interest rates low through 2014.
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Greek PSI Shows Promise: Currency Implications Author: BBH FX Strategy
The success of the Greek Private Sector Initiative (PSI) and larger bailout hinges upon private bondholders to accept a significant write-down on investment assets, and news is coming that more holders are agreeing to the terms. The effect has been the U.S. dollar’s flat-to-lower performance against major emerging market currencies. Spanish industrial contraction and rising 10-years yields suggests it may be next among the struggling PIIGS to face an intra-country debt crisis. Meanwhile, the euro rose slightly higher against the U.S. dollar, and both the Australian and New Zealand dollars made gains on the news.
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US Dollar Strengthens on Greek Worry Author: BBH FX Strategy
The U.S. dollar has shown signs of strengthening against emerging-market currencies as the world waits to see whether the Greek private sector agrees to large write-downs on holdings as part of the Private Sector Initiative (PSI) debt restructuring deal. Other contributing factors include the lowering of global equities and a downgrade in China’s growth forecast, along with pressure in the European market. U.S. bonds are also looking stronger against peripheral bonds as rumors spread that some European refinancing funds are being swapped for dollars, although the dollar remains down against the yen.
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