May 4th, 2012 
Kevin Clark 
Once the budget law is passed, the Italiam PM is set to resign. The markets are liking the news, but nothing significant. Does the PM have enough votes to actually pass the new budget, which will then provide the avenue for resignation, or is this an attempt to cling to power? It will be interesting to see how the markets digest the data in to the close.
Archive for the ‘Financial Week’ Category
Palladium And Platinum: Don’t Forget About These Precious Metals
Most people who consider investing in precious metals stick to the basic formula of silver and gold, but some investment experts are forecasting gains in other, more exotic, metals – specifically palladium and platinum. Generally, the idea is that commodities are positioned to increase in value purely due to consumption; however, these two metals are in particularly good shape thanks to their versatility in the automotive, jewelry and electronics industries. Investors say the trick is to find investments outside of two key producing countries of South Africa and Russia. Constant threats to contracts and general instability make buying difficult, but the right stock or ETF in this area could be worth the effort it takes to find it in the near future. For more on this continue reading the following article from Money Morning. < Read more…
US Dollar Performance Mixed
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. For more on this continue reading the following article from TheStreet.
The dollar is mixed against most major currencies, rising against the yen and the euro while falling against the Antipodeans currencies. Wit
8 Reasons Why You Should Use a Credit Card
Throughout the financially tumultuous past few years, the credit card industry has been the subject of a great deal of attention in the press, Congress and the court of public opinion. The system admittedly was broken. Shady credit card companies, hiding behind a conspicuous lack of transparency, were using bait-and-switch tactics and confusing policies to take advantage of their customers. Now that the Credit CARD Act of 2009 has eliminated most of these issues, we can again being to appreciate just how useful credit cards can be. So, without further ado, 8 reasons why you should use a credit card as long as you trust yourself to spend wisely.
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Stay Clear Of These Mistakes While Browsing Banks
When you’re browsing options for bank loans, keep your eyes open for all kinds of scams and pitfalls. While most loans appear to be borrower-friendly and claim to be almost risk-free and safe, boldly claiming the guise of being your best friends, there’s always more than meets the eye with loans and it’s the reading the fine print between the lines that’s going to save you.
Here are some of the most common mistakes made by borrowers while looking for the perfect bank loan:
Getting trapped by the lowest interest rates
You should not go for a bank loan just because it has some of the lowest interest rates in the market. It is a Read more…
Tags: bank loans10 Things Forex Investors Should Pay Attention To This Week
The news that Greece has approved austerity measures that will help the country get closer to fiscal responsibility has generated a significant market response and is causing a great deal of speculation among investors. Some things investors are considering is how Eurozone finance ministers will respond to the measures and whether the European Central Bank will adjust rates. Investors are also eyeing the new foreclosure agreement in the U.S. and considering how the upcoming budget announcement will play in the wider global investment outlook. For more on this continue reading the following article from TheStreet.
The dollar is trading softer against the majors and emerging markets after Greece passed the latest austerity bill. The EuroStoxx 600 is currently 0.7%, with bank shares up 0.8%.
Mistakes to Avoid When Purchasing a House
Buying a house is a big (and exciting) step. But regardless of whether youre a first-time home buyer or have bought before, there are some mistakes to avoid when purchasing a house. Here are a few to watch out for.
Getting in over your head
If theres one mistake you want to avoid for sure when purchasing a house, its getting in over your head. You dont want to buy more house than you can comfortably afford based on your current situation not on some improved situation that you think youll probably be in down the road.
Dont base what you can afford on what the mortgage lenders or mortgage calculators will tell you, either.
Understanding Currency Markets, Investing
Currency markets are fast becoming an attractive avenue for investors to make gains by betting on currency value fluctuations in a market that is open nearly 24 hours a day. The main thing that keeps many out of the market is a lack of understanding the mechanics of currency trading, particularly the use of futures and options. Options are bought and sold as rights to make purchases or sales of a thing in the future that allow investors to mitigate the risk found on in cash markets. Understanding these concepts can open up a new avenue of trading that can offer opportunities for profit not found in the traditional market. For more on this continue reading the following article from TheStreet. Read more…