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Archive for September, 2011

Posted by Zac Wright On Sep - 26 - 2011 0 Comment

The TrueEarnings(R) Card from Costco and American Express lets you earn cash back on your purchases. American Express is the only major credit card accepted at Costco and the True Earnings card acts as your Costco club membership card. There’s no annual fee for the credit card, though you do have to purchase a Costco membership to get the card. The Costco membership fee is automatically billed to your credit card each year.

How to Earn Rewards

Earning rewards with the True Earnings Card from Costco and American Express is easy; just use your credit card where American Express is accepted. E

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Posted by Olivia Carrodus On Sep - 24 - 2011 0 Comment

I had a strange thought this morning, perhaps we should call the proposed European leveraged EFSF SPV “raptor” – or has that name already been used? The strategy throws around the idea of capitalizing a special purpose vehicle created by the European Investment Bank. This sounds vaguely similar to the disastrous “slight-of-hand” strategies of the past. While the details are in their infancy, the radical new measure seems to have helped market confidence with Asian regional equities higher across the board.

AUDUSD was able to break above 0.9867 resistance with the next critical level located at the 0.9930 bearish channel ceiling. Preciou Full post…

Posted by Zac Wright On Sep - 24 - 2011 0 Comment

On September 13, 2011, the Federal Deposit Insurance Corporation (FDIC) approved a rule that requires large bank holding companies and other systemically important financial companies to develop comprehensive contingency plans for the orderly resolution of their affairs under the United States Bankruptcy Code or other applicable insolvency regime (Dodd-Frank Rule). The Dodd-Frank Rule has been forwarded to the Federal Reserve Board (Board) for its review and approval. It is anticipated that the Board likely will approve the rule in the near term, at which time the rule will become law, subject to such change as the Board and FDIC may agree. Full post…

Posted by Isabelle Gill On Sep - 23 - 2011 0 Comment

The short covering rally in EUR/USD ran out of steam in early European trade today after Spain’s Economics Minister Elena Salgado said that plans to extend the EFSF fund to 2 Trillion euros were not on the table. Her comments dampened hopes that EZ fiscal officials would be able to create a European style TARP that could address the growing sovereign debt crisis in the region. D

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Tags: Euro, Euro Hugs
Posted by Olivia Carrodus On Sep - 23 - 2011 0 Comment

***Economic Data***
- (TU) Turkey Sept Industrial Confidence: 112.4 v 109.8 prior; Capacity Utilization: 76.2% v 75.8%ev 76.1% prior
- (US) Aug Chicago Fed National Activity Index: -0.43 v -0.40e
- (MX) Mexico Aug Preliminary Trade Balance: -$806M v -$870Me
- (US) Aug New Home Sales: 295K v 294Ke
- (US) Sept Dallas Fed Manufacturing Activity:-14.4 v -8.0e
- (IS) Israel Central Bank cuts Base Rate by 25bps to 3.00%, Not expected (was expected to hold)
- (EU) ECB completed €4.0B in weekly settlements vs. €9.8B prior in its Gov’t Bond Buying Program (SMP); To drain €156.5B in next 7-day Term Deposit Facility vs. €152. Full post…

Posted by admin On Sep - 6 - 2011 0 Comment

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The foreign exchange market seems to be a complicated matter and in the past it was unlikely that someone would take the market and become a pro in less than a year. Full post…

Tags: Forex