Currency movements continue to be dominated by the talk and data surrounding how fast economies seem to be growing or slowing. Last week saw a frenzy over speculation of a double dip recession with increasing signs of slowing economies particularly in the US and UK. This caused a boost in safe haven currencies but the new week is starting out on a different foot with the Yen, Swiss Franc and US Dollar sliding down from their highs.
The key piece of information which has caused a turn in the rates between this week and last was US jobless figures on Friday.
Similarly to last week, currency movements in all major currencies this week are likely to be dominated by economic news coming out of the USA.
There is a continuing trend of poor US data bringing down currencies seen as risky – particularly the Euro, and pushing up currencies seen as ‘safe’ including the Japanese Yen and US Dollar itself; news from the US is continuing to be seen as a key indicator of the global situation in general which means that negative data from the nation is ironically not bringing down the Dollar.
This week is beginning with a lot of uncertainty in the currency markets with a weak Euro, strong Pound and volatile US Dollar… which could all change by the end of the week.
An already weak Euro has experienced some negative data this morning regarding the manufacturing sector in the single-currency zone. This follows its fall to a one month low against the US Dollar and a seven week low against the Pound as the French President has been preparing the nation for the most severe round of budget cuts in two decades.
Many people ask what the benefits of being a fiscal resident of Spain are. This is a complicated question and an important one. It is best to discuss this with a specialised tax consultant as every one´s personal situation is unique, but in general there are advantages to being a resident of Spain, especially when it comes time to sell.
The first advantage is that there is no retention for residents at the point of sale, whereby for non-residents there is a retention of 3% of the purchase price.
From the 23rd to the 27th of August you will get the chance to get to know a lot of different and new fragrance and essences.
If you want to know about how to create a fragance and what its all about the "nose work" come and find out!
Come to the Casa de la Cultura in Almuñecar and enjoy new aromas:)
The admission is free. For more information contact the Tourist Office at : 958 63 11 25 or send an e-mail to: email@example.com
From the 2nd to the 7th of August the Trends Festival offer once again the most national and international ecletic music and art.
You can enjoy the only folk concert in Andalusia of the Canadian Melissa Laveaux as weel as the spanish pop singer Nacho Vegas and the spectacular acrobatic work of the Atempo Circ.
Price: from 12,50 € to 17,50 €
Several shops at La Herradura and some artists living in the tow offered throughout the summer an outdoor exhibition with a particular flair.
It is an artistic journey through a different way to enjoy art, under the title 'Artecalle' from July to September.
Place: Paseo Andrés Segovia at La Herradura
Enjoy an evening with the band TitoPoyatos with the sound of Jazz Rock. One of the most known songs is "God Bless the Schilds", a tribute to the great american band, Bloot Swat and Tears founded in 1967. You wont forget this evening.
This specatcular night beginns at 10pm in Paseo Maritimo Rey Balduino, Motril.
This Saturday 24th of July the Vicky Cruz Jazz Quartet will offer you a special night not just with Jazz but with cuban music, magrebi, flamenco and many more music styles! You wont forget this evening that takes place at 10pm in Paseo Maritimo Rey Balduino in Salobrena.
During the whole of Semana Santa (Holy Week), street processions are organised in most Spanish towns each evening, from Palm Sunday to Easter Sunday.
People carry statues of saints around on floats or wooden platforms. The religious fraternities and brotherhoods are responsible for carrying the statues and organising the penitents and musicians. All these processions are carried out in an atmosphere of mourning. The people who carry the weight of the floats are called "costaleros" and are expected to carry these "tronos" with solemnity and grace.