Easy Money >>> FOREX

The European Central Bank (ECB) is scheduled to meet tomorrow to mull the regions monetary policy. With the Euo/USD exchange rate relatively unchanged over the last couple months, investors will be closely eying the ECB for signals about the direction of European interest rates over the coming months. The consensus is that the Bank will leave rates unchanged at the current meeting, but commentators have been quick to point out that inflation is slowly inching up, which could precipitate future hikes. Either way, Jean Claude Trichet, the notoriously transparent president of the Central Bank, will likely give investors a very clear picture of where he expects European interest rates will move in the near-term. DailyFX reports: CB President Jean-Claude has been eager in the past to correctly steer market expectations, so if there is a chance of further hikes beyond March, the central bank will not want markets to totally dismiss the possibility of further moves. Read More: http://www.dailyfx.com/story/dailyfx_reports/cross_markets_data_reaction/Euro_Price_Action_Contingent_on_1170851396602.html

DESIGNS for a 53 million sports stadium are to be sent back to the drawing board following protests it would make a poor venue for rugby matches.

Architects are to look at the possibility of creating separate, back-to-back athletics and rugby arenas at the proposed Sighthill complex.

The move comes after former Scotland rugby star Scott Hastings led an outcry over the designs for the arena to replace the ageing Meadowbank Stadium.

It is hoped the new stadium will provide a home for Edinburgh’s professional rugby team, as well as hosting athletics tournaments.

But the initial designs included a running track between the fans and the rugby pitch, which critics said would destroy any atmosphere and leave spectators with a poor view of the action.

As well as looking into separate arenas, the review ordered by council leaders will also consider an idea which could allow the two sports to share the same stadium more happily.

To read this story in full, pick up a copy of the Evening News

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- http://news.scotsman.com/topics.cfm?tid=1226
http://news.scotsman.com/topics.cfm?tid=1226

NEW YORK—http://www.farecast.com/, a new travel Web site that claims it can forecast the rise or fall of , plans to help travelers solve the long standing riddle of how to catch fast-moving and often illogical fare deals.

The site, which went live on Tuesday after about a year in , says it can predict with 75 percent accuracy the direction of air fares over seven days.

Timing is important when booking travel, because discounted fares are generally only available for about 50 hours, said Farecast Chief Executive Hugh Crean, in an interview.

Farecast, which supports itself through advertising and referral fees to airline Web sites, is a new breed of travel site aimed at rivaling established players such as Expedia Inc. and Travelocity.

The site backs up its predictions with a product called FareGard, which costs $9.95 and guarantees the low price for a week. If the price paid is higher than guaranteed price, Farecast pays the difference.