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Thursday, November 26, 2009

Nobel Peace Prize medal


The 2003 medal and the accompanying diploma were taken from a bank box in Tehran about three weeks ago, she said. The 2003 medal and the accompanying diploma were taken from a bank box in Tehran about three weeks ago, she said.
The Norwegian foreign ministry said it was "shocked", describing the confiscation as the first time national authorities had taken such action.
Ms Ebadi has criticised Iran's disputed election earlier this year and the subsequent treatment of protesters.
'Unheard of'
In Norway, where a committee chooses the annual recipient, Foreign Minister Jonas Gahr Stoere said: "Such an act leaves us feeling shock and disbelief."
I will return whenever it is useful for my country
Shirin Ebadi
The ministry summoned Iran's charge d'affaires to protest about the confiscation.
Iran has not made any official comment on the issue.
The Norwegian ministry was also concerned about the alleged beating of Ms Ebadi's husband in Tehran, with Mr Stoere saying the "persecution of Dr Ebadi and her family shows that freedom of expression is under great pressure in Iran".
The Norwegian Nobel Committee's permanent secretary, Geir Lundestad, said the move was "unheard of" and "unacceptable", Associated Press reported.
The result of June's election, in which President Mahmoud Ahmadinejad was re-elected, saw thousands of people protesting for several days, with hundreds arrested.
Ms Ebadi said Iranian authorities had also demanded taxes on the $1.3m she was awarded, but that the prize is exempt under local law, AP said.
She left the country the day before the 12 June election for a conference and has not returned, although she said the "threatening messages" she had received would not deter her.
"I will return whenever it is useful for my country," she said.
The Norwegian foreign ministry said it was "shocked", describing the confiscation as the first time national authorities had taken such action.
Ms Ebadi has criticised Iran's disputed election earlier this year and the subsequent treatment of protesters.
'Unheard of'
In Norway, where a committee chooses the annual recipient, Foreign Minister Jonas Gahr Stoere said: "Such an act leaves us feeling shock and disbelief."
I will return whenever it is useful for my country
Shirin Ebadi
The ministry summoned Iran's charge d'affaires to protest about the confiscation.
Iran has not made any official comment on the issue.
The Norwegian ministry was also concerned about the alleged beating of Ms Ebadi's husband in Tehran, with Mr Stoere saying the "persecution of Dr Ebadi and her family shows that freedom of expression is under great pressure in Iran".
The Norwegian Nobel Committee's permanent secretary, Geir Lundestad, said the move was "unheard of" and "unacceptable", Associated Press reported.
The result of June's election, in which President Mahmoud Ahmadinejad was re-elected, saw thousands of people protesting for several days, with hundreds arrested.
Ms Ebadi said Iranian authorities had also demanded taxes on the $1.3m she was awarded, but that the prize is exempt under local law, AP said.
She left the country the day before the 12 June election for a conference and has not returned, although she said the "threatening messages" she had received would not deter her.
"I will return whenever it is useful for my country," she said.

The police, as they successfully recovered the cash


While the daylight robbery at the Kantipath branch of Nabil Bank shocked many, the revelations that came by the evening - upon the recovery of the Rs.6 million cash that was looted - are no less flabbergasting.
The police, as they successfully recovered the cash and the revolver used and identified the robber in a matter of about five hours, did a laudable job but some clues they disclosed, however, point towards some loose ends too.

At a press meet organised by the Valley Crime Investigation Branch later this evening, police officials informed that the cash stacked in two briefcases and a revolver looted from a police inspector on Monday was found from the room of the robber, Niranjan Khanal of Ratanur, Dang district, at Hepali Height in Khadka Bhadrakali VDC, Ward No.7, Kathmandu. The house belonged to Yogeshwor Sharma. Of the Rs.6 million, Rs.5.93 million has been recovered.
Police said the taxi used by the robber has been found. They also said they were investigating if there were others involved in the robbery.
One interesting revelation that came from police sources is that Khanal is found to be a close relative of inspector Madan KC whose pistol was looted (lost?) on Monday night while on duty near Bishnumatipul area, Kathmandu. The robber was identified from the pictures taken by the close-circuit cameras inside the bank.
However, the police said nothing officially about the connection between the inspector and the robber or the robbery plan.
“We hope to nab the robber within a day or two,” Binod Singh, superintendent of the crime branch told reporters.
A bank official explained the incident to Nepalnews: “An armed youth posed as a Maoist approached the customer service officer, Dinesh Poudel, demanding Rs.20 million who, after communicating with the management, handed over two brief cases stacked with cash. The bargain continued for nearly 25 minutes. He got out with the cash at around 12:45 p.m.”
Surprisingly, the bank officials informed the police about the incident only half-an-hour after the robber got away.
When asked why the bank management reached to the police so late, the bank’s general manager Anil Shah told reporters, “Even after his exit, for some time, we wanted to ensure that there was no more threat to the customers present inside and the employees. We carried out a thorough check at every corner of the building so as to avoid possible threat.”
“We think it was just an armed robbery. Our policy is clear – everything is replaceable except human life,” Shah said, adding, “We made a point not to play a hero in that situation and wanted to end the drama as soon as possible without human injury.”
In the meantime, since the incident took place in the middle of the day at the heart of the city, it has raised questions over the security mechanism of the government as well as the bank’s. The robber conveniently entered into the bank with a pistol and engaged in a bargain for over 25 minutes and got out with the cash despite the presence of armed security guards at the bank.
“This can be a wake up call. This is mainly because of the lax security system at the bank. It should at least care about the safety of the deposits of the clients,” a client who was present at Nabil premises during the incident told Nepalnews. nepalnews.com Mohan Khadka/Ram Humagai Dec 14 04

Wednesday, November 25, 2009

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated finan

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Clients would have 24-hour access to the global foreign exchange market,

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Clients would have 24-hour access to the global foreign exchange market, in

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Clients would have 24-hour access to the global foreign exchange market, in which transactions worth a total of about $1,500bn are conducted each day.

The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.

Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.

which transactions worth a total of about $1,500bn are conducted each day.

The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.

Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.

Clients would have 24-hour access to the global foreign exchange market, in which transactions worth a total of about $1,500bn are conducted each day.

The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.

Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.

in which transactions worth a total of about $1,500bn are conducted each day.

The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.

Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.

cial instruments such as options and forwards and research and analytical modelling tools.

Clients would have 24-hour access to the global foreign exchange market, in which transactions worth a total of about $1,500bn are conducted each day.

The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.

Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.
The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.
Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.
Clients would have 24-hour access to the global foreign exchange market, in which transactions worth a total of about $1,500bn are conducted each day.
The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.
Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment
TheWall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.
Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.

Tuesday, November 24, 2009

Obama will meet Monday

S. President Barack Obama will likely announce his decision on a pending buildup of U.S. troops in Afghanistan next week, the White House said Monday.
Such a decision may come as early as “sometime next week,” White House spokesman Robert Gibbs told reporters at his daily press briefing.
Meanwhile, Obama will meet Monday night with his national security team for a final time on Afghan strategy , the spokesman said.
At the meeting, the president will try to find answers to some final questions, including ones about the best exit strategy, he said.
“He still needs to know not just how we get people there, but how we get people out,” Gibbs added.
The meeting is the ninth of its kind since September when Stanley McChrystal, the top U.S. commander in Afghanistan called for roughly 40,000 more troops.
Obama has since been under pressure to make a decision on troop levels and has faced criticism from Republicans who urges a quick decision andS. President Barack Obama will likely announce his decision on a pending buildup of U.S. troops in Afghanistan next week, the White House said Monday.
Such a decision may come as early as “sometime next week,” White House spokesman Robert Gibbs told reporters at his daily press briefing.
Meanwhile, Obama will meet Monday night with his national security team for a final time on Afghan strategy , the spokesman said.
At the meeting, the president will try to find answers to some final questions, including ones about the best exit strategy, he said.
“He still needs to know not just how we get people there, but how we get people out,” Gibbs added.
The meeting is the ninth of its kind since September when Stanley McChrystal, the top U.S. commander in Afghanistan called for roughly 40,000 more troops.
Obama has since been under pressure to make a decision on troop levels and has faced criticism from Republicans who urges a quick decision and anti-war Democrats who oppose any troop increase.
U.S. media reports said Obama is weighing three options on the troop decision.
While each option proposes different level of troop increase, what really matters is how to fight the war under these options, analysts said. anti-war Democrats who oppose any troop increase.
U.S. media reports said Obama is weighing three options on the troop decision.
While each option proposes different level of troop increase, what really matters is how to fight the war under these options, analysts said.

Magic as Mike Bibby


— The Atlanta Hawks retained top place on Monday at the weekly power rankings after their winning streak reached seven over impressive wins over the Blazers, Heat and Rockets.
The Hawks, 11-3, got four days off before Thursday’s showdown with the second placed Orlando Magic as Mike Bibby was ruled out for a sprained ankle.
Magic, also 11-3, rocketed to second from last week’s eighth attributing to their pretty good defense in last five games, who were at the best in Friday’s win in Boston.
Phoenix Suns, 11-3 either, slided one place to third, whose streak of scoring 100 plus continues, but the defense is weakening. They had a defensive rating of 110.3 in last seven games against 103.8 from the first seven. They won’t stay atop the West unless tighten it up again.
The Dallas Mavericks made stride to fourth from last week’s tenth thanks a five-game win in a row. The defending champions Los Angeles Lakers were upgraded to fifth from previous ninth with the return of Pau Gasol, who look like the champions again, trouncing the Bulls and Thunder.— The Atlanta Hawks retained top place on Monday at the weekly power rankings after their winning streak reached seven over impressive wins over the Blazers, Heat and Rockets.
The Hawks, 11-3, got four days off before Thursday’s showdown with the second placed Orlando Magic as Mike Bibby was ruled out for a sprained ankle.
Magic, also 11-3, rocketed to second from last week’s eighth attributing to their pretty good defense in last five games, who were at the best in Friday’s win in Boston.
Phoenix Suns, 11-3 either, slided one place to third, whose streak of scoring 100 plus continues, but the defense is weakening. They had a defensive rating of 110.3 in last seven games against 103.8 from the first seven. They won’t stay atop the West unless tighten it up again.
The Dallas Mavericks made stride to fourth from last week’s tenth thanks a five-game win in a row. The defending champions Los Angeles Lakers were upgraded to fifth from previous ninth with the return of Pau Gasol, who look like the champions again, trouncing the Bulls and Thunder.
From sixth to tenth, they’re the Cleveland Cavaliers, Denver Nuggets, Boston Celtics, Portland Blazers and Milwaukee Bucks.
The star-depleted Houston Rockets climbed one place to reach 11th for their chemistry and toughness, which enable the average squad to alternate wins and losses for the last 11
From sixth to tenth, they’re the Cleveland Cavaliers, Denver Nuggets, Boston Celtics, Portland Blazers and Milwaukee Bucks.
The star-depleted Houston Rockets climbed one place to reach 11th for their chemistry and toughness, which enable the average squad to alternate wins and losses for the last 11

Fancy galas and fundraising parties


How can Ontario’s struggling food banks find the resources they need to continue feeding the families that need their help?
Fancy galas and fundraising parties certainly are not the solution. Spence said OAFB has already established partnerships with farmers to increase the volume of food donations. Fortunately, some farmers support food banks from farm donation programs. With their help, Ontario’s food banks have begun to increase the supply of fresh, local food.
But this is not enough.
Spence urged the Canadian federal government to recognize the seriousness of the poverty situation in the country, “they have long way to go.”
The HungerCount study called on the federal government to implement a national poverty prevention strategy, increase use of the guaranteed income supplement (GIS) among low income seniors, and ensure that post-recession plans take low-income Canadians into account.
Lightman said bluntly: “I think what food banks should do is to tell the government, ‘we’re shutting down in six months from now. We are stopping. We are ending completely. We’ll throw the responsibility back to the government.’”
In his opinion, the government should raise taxes on the wealthy to raise revenue that can be used to help the needy live with dignity.
Smith suggested a different solution. He called on individual working people to donate more to charity, including food banks, rather than waiting for a government solution.
“For example, if two million working people in Toronto could save some money by, say, buying less take-out coffee each week, and donate the 10 dollars they saved to the food banks every week, 20 million dollars can be collected easily, so as to 500 million to a billion, therefore, nobody will get hungry.”

OODF BANK USERS INCREASE EVERY WEEK

This is a major donation season for food banks, but both donations from corporations and individuals have decreased significantly due to the recession. On the other hand, however, the number of food banks users has reached a record high. If the situation persists, the OAFB’s 120 food banks might have to turn away clients because of a lack of food to distribute.
OODF BANK USERS INCREASE EVERY WEEK
The HungerCount study, released last week by Food Bank Canada, set alarms ringing on the poverty situation in Canada by striking numbers — 794,738 Canadians in March 2009 used food banks services, an increase of 17.6 percent, or 120,000 people, compared to March 2008.
It was the largest increase since 1997. Ontario saw the second highest increase in the use of food banks, with 20 percent more Ontarians turning to food banks. Alberta was first, with an increase of 61 percent. Over 350,000 Ontarians are relying on assistance from food banks to carry on their lives.
Spence told Xinhua that approximately 40 percent of those served by food banks in Ontario are children, over 20 percent are with disabilities, and 20 percent work or have recently lost their job. Among them, one third are new immigrants.
“Among them, many are new faces,” says David Smith, executive director and CEO of the Scott Mission, one of the local food banks located in downtown Toronto area. “When the recession began last year, we see a steady increase in the number of food bank users every week.”
The Scott Mission is a charity that usually focuses on the needs of the homeless, but it now also provides food to more and more people who have never relied on handouts before.
“People from all over the city, even from Mississauga (about 20 kms west of Toronto), come to our service for food, because they just couldn’t get enough food,” Smith added. The mission serves 85- 90 families every day.
According to the HungerCount survey, almost 73,000, or 9.1 percent of the total — were first-time food bank users.
RISING UNEMPLOYMENT, FOOD PRICES TO BLAME
Growing unemployment and continually increasing food prices are the major reasons behind the rising numbers of people turning to food banks, Spence told Xinhua.
In Ontario alone, over 225,000 full-time jobs have been lost over the past twelve months, thanks to the recession. Many high- paying manufacturing jobs have been lost.
However, 19 percent of households that turn to food banks for help are living on income from current or recent employment.
“Lots of people (who use Scott Mission’s food bank service) are marginally employed, with part time jobs, contracts, as such,” Smith said.
This figure should be a wake-up call to the society, said Ernie Lightman, a professor of social policy of Social Work Faculty at the Toronto University, who has 30-year experience in the field.
“That means too many jobs don’t pay well enough. Because we don ‘t have a social safety net — a support system can help these people,” he said. “For example, we are among very few developed countries that don’t have a system of child care. With such a system in place, women can go to work and support their families.”
According to a special report released by OAFB in October 2009, the price of groceries continues to rise at a rate well beyond inflation in Canada. Key items like milk, baby food, pasta and peanut butter have risen substantially since January of last year due to increased oil and fertilizer prices,
This resulted in higher operational costs for food banks. They have to stretch their budgets for food purchases and other household basics. Seventy three percent of food banks are spending more money on food in 2009, compared to 2008, and average monthly expenditures on food by Ontario’s food banks have increased by 84. 2 percent, OFAB said.
OFAB predicted that 54 percent of food banks will be over budget on food purchases in 2009. The report also discloses that one in four food banks has reduced the average amount of food distributed in their hampers.
“For example, a loaf of bread may be cut into two. Some food banks have to reduce their hamper sizes — a hamper may have 8 items instead of 10 items.”
“We run out of meat, vegetable and rice every day,” said Smith, “plus because we don’t have enough spaces and facilities to store fresh food, so we give away non perishable food — most of food in cans and packages.”

FX transactions typically involve

market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
National central banks play an important role in the foreign exchange markets. They try to control the
money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves to stabilize the market. Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high—that is, to trade for a profit based on their more precise information. Nevertheless, the effectiveness of central bank "stabilizing speculation" is doubtful because central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.
An exchange-traded grantor trust share represents a direct interest in a static basket of stocks selected from a particular industry. The leading example is Holding Company Depositary Receipts, or HOLDRS, a proprietary Merrill Lynch product. HOLDRS are neither index funds nor actively-managed; rather, the investor has a direct interest in specific underlying stocks. While HOLDRS have some qualities in common with ETFs, including low costs, low turnover, and tax efficiency, many observers consider HOLDRS to be a separate product from ETFs.
ETFs generally provide the easy
diversification, low expense ratios, and tax efficiency of index funds, while still maintaining all the features of ordinary stock, such as limit orders, short selling, and options. Because ETFs can be economically acquired, held, and disposed of, some investors invest in ETF shares as a long-term investment for asset allocation purposes, while other investors trade ETF shares frequently to implement market timing investment strategies.[4] Among the advantages of ETFs are the following:
Exchange-traded funds (or ETFs) are open ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a
stock market index such as the S&P 500 (e.g., SPY), but recently they are now replicating investments in the currency markets with the ETF increasing in value when the US Dollar weakens versus a specific currency, such as the Euro. Certain of these funds track the price movements of world currencies versus the US Dollar, and increase in value directly counter to the US Dollar, allowing for speculation in the US Dollar for US and US Dollar denominated investors and speculators.
The trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country's currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation's economy. For example,
trade deficits may have a negative impact on a nation's currency.
There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the
over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currencies instruments are traded. This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. In practice the rates are often very close, otherwise they could be exploited by arbitrageursinstantaneously. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. A joint venture of theChicago Mercantile Exchange and Reuters, called Fxmarketspace opened in 2007 and aspired but failed to the role of a central market clearing mechanism.
There are two types of retail brokers offering the opportunity for speculative trading:
retail foreign exchange brokers and market makers. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks. Retail brokers, while largely controlled and regulated by the CFTC and NFA might be subject to foreign exchange scams.[7][8] At present, the NFA and CFTC are imposing stricter requirements, particularly in relation to the amount of Net Capitalization required of its members. As a result many of the smaller, and perhaps questionable brokers are now gone. It is not widely understood that retail brokers and market makers typically trade against their clients and frequently take the other side of their trades. This can often create a potential conflict of interest and give rise to some of the unpleasant experiences some traders have had. A move toward NDD (No Dealing Desk) and STP (Straight Through Processing) has helped to resolve some of these concerns and restore trader confidence, but caution is still advised in ensuring that all is as it is presented.

Monday, November 23, 2009

improvised bombs, cleared some 14 caves


A military statement published Sunday said troops conducting clearing operations killed the militants in the last 24 hours. The military says its forces also defused 10 improvised bombs, cleared some 14 caves and arrested four suspects. Pakistani forces in South Waziristan are working to clear Taliban fighters from a region that has been a traditional stronghold of Pakistani Taliban leader Hakimullah Mehsud. The military's claims of militant casualties are not confirmed because the offensive is taking place in a remote, dangerous part of the country largely off limits to aid workers and journalists. In a separate development, on Saturday Pakistani authorities unveiled a list of more than 8,000 people, including President Asif Ali Zardari, who two years ago were granted immunity from corruption charges.The country's Minister of State for Law, Afzal Sindhu, released the names of those who were protected by a 2007 amnesty which is set to expire next week. Other top officials who faced corruption charges include Interior Minister Rehman Malik, Defense Minister Ahmed Mukhtar, and Pakistan's ambassador to the United States, Hussain Haqqani.Former Pakistani President Pervez Musharraf implemented the amnesty under a plan to share power with former Prime Minister Benazir Bhutto, who was also accused of corruption. Ms. Bhutto was later assassinated and her husband Asif Zardari elected president. President Zardari is among several politicians who had cases withdrawn against them.Pakistan's Supreme Court said in July that the amnesty order needed parliamentary approval in order to stand and set a date of November 28 for its expiration. The government recently tried and failed to secure parliamentary approval to extend the amnesty due to resistance from opposition parties.Officials say the Supreme Court could decide to reopen cases against those on the list.

Obama welcomes Indian Prime Minister Manmohan Singh



The flags of the United States and India are flying outside theThe flags of the United States and India are flying outside the White House as President Barack Obama prepares to host his first state visit. There will be pomp and ceremony as Mr. Obama welcomes Indian Prime Minister Manmohan Singh.They will be rolling out the red carpet at the White House for the Indian prime minister.There will be a ceremonial welcome with full military honors, and a state dinner for 400 in a tent on the South Lawn.But there will also be substance. White House spokesman Robert Gibbs says there are plenty of key topics on the agenda."Obviously, counterterrorism is important, the economic recovery, the world economy, our relationship to them in terms of climate change," said Robert Gibbs.The visit is expected to produce concrete results on the climate change issue. On the eve of his White House visit, Prime Minister Singh told a gathering of business leaders in Washington that India and the United States are ready to sign a memorandum of understanding."We plan to sign with the U.S. government tomorrow a memorandum of understanding on energy security, clean energy and climate change," said Manmohan Singh. "This will provide a framework for pursuing bilateral cooperation in specific areas."The Indian leader made clear he considers it an honor to be chosen for the first state visit for the Obama White House."It is a great pleasure for me to be visiting Washington once again," he said. "I am looking forward to my discussions with President Obama tomorrow when my official program begins."But critics say the state dinner - with its lavish table settings and formal attire - is not appropriate at a time of rising unemployment in the United States.When asked about the criticism, spokesman Gibbs said the state dinner honors a bilateral relationship that is important to both countries."I think it's a show of respect for the value that we put on that relationship," he said. "I think India is the world's largest democracy, and I think the relationship that we have with them [the United States] and the issues that we're dealing with them are tremendously important going forward in our future."In recent weeks, the Obama administration has made overtures to Pakistan and China - India's traditional rivals. Now, analysts say, Mr. Obama might be attempting to ease any tensions in New Delhi by honoring Mr. Singh with the first state visit of his presidency. White House as President Barack Obama prepares to host his first state visit. There will be pomp and ceremony as Mr. Obama welcomes Indian Prime Minister Manmohan Singh.They will be rolling out the red carpet at the White House for the Indian prime minister.There will be a ceremonial welcome with full military honors, and a state dinner for 400 in a tent on the South Lawn.But there will also be substance. White House spokesman Robert Gibbs says there are plenty of key topics on the agenda."Obviously, counterterrorism is important, the economic recovery, the world economy, our relationship to them in terms of climate change," said Robert Gibbs.The visit is expected to produce concrete results on the climate change issue. On the eve of his White House visit, Prime Minister Singh told a gathering of business leaders in Washington that India and the United States are ready to sign a memorandum of understanding."We plan to sign with the U.S. government tomorrow a memorandum of understanding on energy security, clean energy and climate change," said Manmohan Singh. "This will provide a framework for pursuing bilateral cooperation in specific areas."The Indian leader made clear he considers it an honor to be chosen for the first state visit for the Obama White House."It is a great pleasure for me to be visiting Washington once again," he said. "I am looking forward to my discussions with President Obama tomorrow when my official program begins."But critics say the state dinner - with its lavish table settings and formal attire - is not appropriate at a time of rising unemployment in the United States.When asked about the criticism, spokesman Gibbs said the state dinner honors a bilateral relationship that is important to both countries."I think it's a show of respect for the value that we put on that relationship," he said. "I think India is the world's largest democracy, and I think the relationship that we have with them [the United States] and the issues that we're dealing with them are tremendously important going forward in our future."In recent weeks, the Obama administration has made overtures to Pakistan and China - India's traditional rivals. Now, analysts say, Mr. Obama might be attempting to ease any tensions in New Delhi by honoring Mr. Singh with the first state visit of his presidency.

WASHINGTON




— A leading Senate Democrat said Monday his party is determined to push through a health care overhaul bill with or without Republican support because the "system is broken." "We prefer to go at it with Republicans if we can reach compromises in some areas," said Sen. Charles Schumer, D-N.Y. "But we're not going to not pass a bill."
Schumer dueled with Republican Sen. Kay Bailey Hutchison on a network morning news show in the wake of a key Senate vote Saturday night that advanced a 10-year, $959 billion health bill to full debate. Hutchison argued that "you're going to put taxes and mandates on business" that would be a drag on an economy still struggling to recover from recession.
Congressional Democrats are trying to resolve differences within their rank and file over abortion, taxes and letting the government sell health insurance as a competitor with private insurers. Those are all crucial policy questions, and House and Senate Democrats have taken conflicting approaches.
Appearing on NBC's "Today" show Monday, Schumer said, "We all know we have to give a little. ... If we don't do anything, that is the worst situation, and we have a good bill." He said lawmakers must come together because "the health care system is broken."
Schumer argued that Republican critics "haven't put any alternative on the floor."
Hutchison called it "a terrible idea at this time." She said that Republicans "have put alternatives on the floor," including individual tax credits that would not include cutting Medicare and permitting a government takeover of the health care system.
Hutchison is challenging incumbent Republican Rick Perry for Texas' governorship and is a near certain vote against any Democratic health care plan. However, Senate leaders hope to persuade moderate Sen. Olympia Snowe, R-Maine, who voted for a Democratic bill in the Finance Committee, to back final legislation.
The Democratic measures would leave 12 million or more eligible Americans uninsured. Many middle-class families who'd now be required to buy coverage would still find the premiums a stretch, even with government aid. A new federal fund to provide temporary coverage for people with health problems would quickly run out of cash.
For now, these bread-and-butter concerns take a back seat to more pressing issues for Democratic lawmakers trying to deliver on President Barack Obama's signature issue.
The House passed its health care bill 220-215 earlier this month. The Senate cleared the way Saturday for debate on legislation unveiled by Majority Leader Harry Reid, D-Nev. The bill, a compromise between two committee-passed versions, could undergo significant changes as senators amend it during weeks of arduous debate ahead.
Both bills would require all Americans to carry health insurance, with government help to make premiums more affordable. They would ban insurance companies from denying coverage or charging more to people with health problems. They would set up new insurance markets for those who now have the hardest time finding and keeping coverage — self-employed people and small businesses. Americans insured through big employer plans would gain new consumer protections but wouldn't face major changes. Seniors would get better prescription coverage.
"For the first time, we're going to allow American consumers to be involved in a buyers' market for health insurance," said Sen. Chris Dodd, D-Conn., one of the authors of the Senate bill. "This Congress is going to pass, and this president is going to sign, a national health care program for all Americans."
Before any signing ceremony, lawmakers must clear some tall hurdles.
On abortion funding, the House adopted strict limitations as the price for getting anti-abortion Democrats to vote for the final bill. Abortion rights supporters are backing Reid's approach in the Senate bill, which tries to preserve coverage for abortion while stipulating that federal dollars may not be used except in cases of rape, incest, or to save the life of the mother.
In the end, Reid may have to bend. Catholic bishops say they can't accept his approach because it would let federally subsidized plans cover abortion. They vow to oppose the health care bill unless, like the House, the Senate enacts stronger language. Democratic senators opposed to abortion are already threatening a battle.
On financing, the House relies mainly on an income tax hike for upper-earners to pay for expanded coverage. The Senate opted for a tax on high-cost insurance plans, a Medicare payroll tax hike on the wealthy and fees on medical industries. In polls, the House approach is more popular. The Obama administration has signaled it likes the Senate's insurance tax.
That leaves the controversy over a creating a government health plan to compete with the insurance industry. It has dominated the debate and remains unresolved.
Both House and Senate bills now provide for a government insurance plan, but Reid's bill would let states opt out. It's not clear that Reid has the votes. He may be able to get a compromise to allow a government plan only if, after a reasonable time, insurance companies fail to deliver lower premiums.
Resolving these policy issues would be a historic accomplishment for Democrats. But the bill could still leave consumers feeling a little cheated.
Copyright © 2009 The Associated Press. All rights reserved.

Friday, November 20, 2009

Chinese bank may back $7.5b Qld project


Forex giants head for the net

Web-based foreign exchange trading is set to grow
The three largest players in the global currency market are teaming up with Reuters to offer foreign-exchange services over the internet to major clients, according to a report in Monday's Wall Street Journal.

The report said US banks Chase Manhattan and Citigroup and Germany's Deutsche Bank were creating a new company together with the news and financial information provider.

The move is the latest and most significant sign that big players in currency markets are turning to the internet to answer their clients' demands for faster services at lower prices.

Chase, Citigroup and Deutsche Bank together have a market share in world foreign exchange trading of almost 30%.

Other partners sought

The Wall Street Journal reported sources familiar with the deal as saying that the four founders were now seeking to include a further 50 or 60 international banks in the venture before publicly announcing its creation.

The new venture is set to compete directly with FX Alliance, an internet-based currency venture recently established by 13 other major international banks.

Boston, Goldman, Sachs Group, HSBC Holdings, JP Morgan, Morgan Stanley Dean Witter and UBS Warburg - all of whom are among the world's top 10 foreign exchange traders.

"There is room for two companies - EBS and Reuters - on the interbank matching system so I don't see why there might not be room for two here," said one banker in London.

"They could end up specialising in different things but if they don't differentiate themselves like this, it will come down to prices. In the short term, Citi, Deutsche, and Chase could be very aggressive on the pricing."

One-stop shop

Both services aim to offer their customers - expected to be mainly multinational corporations, institutional investors and hedge funds - a one-stop shop for currency services.

These would include spot, or regular, trades, more sophisticated financial instruments such as options and forwards and research and analytical modelling tools.

Clients would have 24-hour access to the global foreign exchange market, in which transactions worth a total of about $1,500bn are conducted each day.

The Wall Street Journal said the four companies planned to launch the new venture in early 2001 and have it fully operational by the third quarter of next year.

Citigroup and Reuters declined to comment on the report. Deutsche Bank and Chase Manhattan were unavailable to comment.

Thursday, November 19, 2009

UK Warnings

Weather Home Weather News Photo Gallery Weatherwise About BBC Weather UK Reviews UK Warnings Monthly Outlook Climate Guides Average Conditions Sports Coast and SeaClimate ChangeSite FAQ Today's teaWeather Home Weather News Photo GaWeather Home Weather News Photo Gallery Weatherwise About BBC Weather UK Reviews UK Warnings Monthly Outlook Climate Guides Average Conditions Sports Coast and SeaClimate ChangeSite FAQ Today's teamMeet the teamFind a forecastGraphicsMore BBC Weatherllery Weatherwise About BBC Weather UK Reviews UK WarninWeather Home Weather News Photo Gallery Weatherwise About BBC Weather UK Reviews UK Warnings Monthly Outlook Climate GuidWeather Home Weather News Photo Gallery Weatherwise About BBC Weather UK Reviews UK Warnings Monthly Outlook Climate Guides Conditions SportsAverage Coast and SeaClimate ChangeSite FAQ Today's teamMeet the teamFind a forecastGraphicsMore BBC Weatheres Average Conditions Sports Coast and SeaClimate ChangeSite FAQ Today's teamMeet the teamFind a forecastGraphicsMore BBC Weathergs Monthly Outlook Climate Guides Average Conditions Sports Coast and SeaClimate ChangeSite FAQ Today's teamMeet the teamFind a forecastGraphicsMore BBC WeathermMeet the teamFind a forecastGraphicsMore BBC Weather

weather forecaster

What did you do before becoming a weather forecaster?Before I became a broadcast meteorologist I was a forecaster with the RAF - for six months of that time I was with 617 squadron known as the 'Dambusters'. Earlier I spent a few years tucked away on a small airfield making weather observations. Before I joined the Met Office I tried my hand at managing a car spares shop, training as a ship broker and spending a few months on a merchant ship. Best of all I worked part-time on a farm when I was still at school - combine machinery and animals and I am happy!
When did you become a weather forecaster?I came to the BBC Weather Centre in March 1991 and did my first live broadcast about four months later.
Why did you want to be a weather forecaster?I wanted to interest people in the weather - maybe the idea of fame and fortune also came into it!
Do you get nervous before a broadcast?Not as much as I used to. It was a good job I was sitting down for the first one because I was so nervous my legs were shaking.
Have you ever made any mistakes?Yes, but I have only once dried up - and that was a 30 second broadcast.What did you do before becoming a weather forecaster?Before I became a broadcast meteorologist I was a forecaster with the RAF - for six months of that time I was with 617 squadron known as the 'Dambusters'. Earlier I spent a few years tucked away on a small airfield making weather observations. Before I joined the Met Office I tried my hand at managing a car spares shop, training as a ship broker and spending a few months on a merchant ship. Best of all I worked part-time on a farm when I was still at school - combine machinery and animals and I am happy!
When did you become a weather forecaster?I came to the BBC Weather Centre in March 1991 and did my first live broadcast about four months later.
Why did you want to be a weather forecaster?I wanted to interest people in the weather - maybe the idea of fame and fortune also came into it!
Do you get nervous before a broadcast?Not as much as I used to. It was a good job I was sitting down for the first one because I was so nervous my legs were shaking.
Have you ever made any mistakes?Yes, but I have only once dried up - and that was a 30 second broadcast.
Is your job hard?Presenting the weather is fun, buWhat did you do before becoming a weather forecaster?Before I became a broadcast meteorologist I was a forecaster with the RAF - for six months of that time I was with 617 squadron known as the 'Dambusters'. Earlier I spent a few years tucked away on a small airfield making weather observations. Before I joined the Met Office I tried my hand at managing a car spares shop, training as a ship broker and spending a few months on a merchant ship. Best of all I worked part-time on a farm when I was still at school - combine machinery and animals and I am happy!
When did you become a weather forecaster?I came to the BBC Weather Centre in March 1991 and did my first live broadcast about four months later.
Why did you want to be a weather forecaster?I wanted to interest people in the weather - maybe the idea of fame and fortune also came into it!
Do you get nervous before a broadcast?Not as much as I used to. It was a good job I was sitting down for the first one because I was so nervous my legs were shaking.
Have you ever made any mistakes?Yes, but I have only once dried up - and that was a 30 second broadcast.What did you do before becoming a weather forecaster?Before I became a broadcast meteorologist I was a forecaster with the RAF - for six months of that time I was with 617 squadron known as the 'Dambusters'. Earlier I spent a few years tucked away on a small airfield making weather observations. Before I joined the Met Office I tried my hand at managing a car spares shop, training as a ship broker and spending a few months on a merchant ship. Best of all I worked part-time on a farm when I was still at school - combine machinery and animals and I am happy!
When did you become a weather forecaster?I came to the BBC Weather Centre in March 1991 and did my first live broadcast about four months later.
Why did you want to be a weather forecaster?I wanted to interest people in the weather - maybe the idea of fame and fortune also came into it!
Do you get nervous before a broadcast?Not as much as I used to. It was a good job I was sitting down for the first one because I was so nervous my legs were shaking.
Have you ever made any mistakes?Yes, but I have only once dried up - and that was a 30 second broadcast.What did you do before becoming a weather forecaster?Before I became a broadcast meteorologist I was a forecaster with the RAF - for six months of that time I was with 617 squadron known as the 'Dambusters'. Earlier I spent a few years tucked away on a small airfield making weather observations. Before I joined the Met Office I tried my hand at managing a car spares shop, training as a ship broker and spending a few months on a merchant ship. Best of all I worked part-time on a farm when I was still at school - combine machinery and animals and I am happy!
When did you become a weather forecaster?I came to the BBC Weather Centre in March 1991 and did my first live broadcast about four months later.
Why did you want to be a weather forecaster?I wanted to interest people in the weather - maybe the idea of fame and fortune also came into it!
Do you get nervous before a broadcast?Not as much as I used to. It was a good job I was sitting down for the first one because I was so nervous my legs were shaking.
Have you ever made any mistakes?Yes, but I have only once dried up - and that was a 30 second broadcast.
Is your job hard?Presenting the weather is fun, but preparing tWhat did you do before becoming a weather forecaster?Before I became a broadcast meteorologist I was a forecaster with the RAF - for six months of that time I was with 617 squadron known as the 'Dambusters'. Earlier I spent a few years tucked away on a small airfield making weather observations. Before I joined the Met Office I tried my hand at managing a car spares shop, training as a ship broker and spending a few months on a merchant ship. Best of all I worked part-time on a farm when I was still at school - combine machinery and animals and I am happy!
When did you become a weather forecaster?I came to the BBC Weather Centre in March 1991 and did my first live broadcast about four months later.
Why did you want to be a weather forecaster?I wanted to interest people in the weather - maybe the idea of fame and fortune also came into it!
Do you get nervous before a broadcast?Not as much as I used to. It was a good job I was sitting down for the first one because I was so nervous my legs were shaking.
Have you ever made any mistakes?Yes, but I have only once dried up - and that was a 30 second broadcast.
Is your job hard?Presenting the weather is fun, but preparing the broadcasts is hard and just about all the time between broadcasts is spent preparing the next one.
Do you enjoy your job?I enjoy it when I am doing well - you are only as good as your last performance.
Could anyone do your job?Yes, anyone can do it but only a few fortunate people are given the opportunity.he broadcasts is hard and just about all the time between broadcasts is spent preparing the next one.
Do you enjoy your job?I enjoy it when I am doing well - you are only as good as your last performance.
Could anyone do your job?Yes, anyone can do it but only a few fortunate people are given the opportunity.
Is your job hard?Presenting the weather is fun, but preparing the broadcasts is hard and just about all the time between broadcasts is spent preparing the next one.
Do you enjoy your job?I enjoy it when I am doing well - you are only as good as your last performance.
Could anyone do your job?Yes, anyone can do it but only a few fortunate people are given the opportunity.
Is your job hard?Presenting the weather is fun, but preparing the broadcasts is hard and just about all the time between broadcasts is spent preparing the next one.
Do you enjoy your job?I enjoy it when I am doing well - you are only as good as your last performance.
Could anyone do your job?Yes, anyone can do it but only a few fortunate people are given the opportunity.t preparing the broadcasts is hard and just about all the time between broadcasts is spent preparing the next one.
Do you enjoy your job?I enjoy it when I am doing well - you are only as good as your last performance.
Could anyone do your job?Yes, anyone can do it but only a few fortunate people are given the opportunity.
Is your job hard?Presenting the weather is fun, but preparing the broadcasts is hard and just about all the time between broadcasts is spent preparing the next one.
Do you enjoy your job?I enjoy it when I am doing well - you are only as good as your last performance.
Could anyone do your job?Yes, anyone can do it but only a few fortunate people are given the opportunity.

Tuesday, November 17, 2009

If you think a long-term trend is developing,


You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

  1. How much am I willing to risk?
  2. What is my upside and downside potential?
  3. What are the market conditions? (Is the market volatile or calm?)
  4. What is the logic behind entering this trade?
  5. When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

  1. How much am I willing to risk?
  2. What is my upside and downside potential?
  3. What are the market conditions? (Is the market volatile or calm?)
  4. What is the logic behind entering this trade?
  5. When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

  1. How much am I willing to risk?
  2. What is my upside and downside potential?
  3. What are the market conditions? (Is the market volatile or calm?)
  4. What is the logic behind entering this trade?
  5. When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

  1. How much am I willing to risk?
  2. What is my upside and downside potential?
  3. What are the market conditions? (Is the market volatile or calm?)
  4. What is the logic behind entering this trade?
  5. When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

  1. How much am I willing to risk?
  2. What is my upside and downside potential?
  3. What are the market conditions? (Is the market volatile or calm?)
  4. What is the logic behind entering this trade?
  5. When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy.

sdCUhf Markets seem


EurUsd The bearish double top formation scenario seems to be loosing momentum, and the pair is again heading towards 1.50 levels. A break above 26thOct High at 1.5062, for further bullishness targeting 1.52 –1.53 area. Support for pullbacks is located around the 1.4810/50 area.

GbpUsd After the 300 pips fall from 1.6842 the pound was able to find support at the uptrend line which rejected further fall in the pair. This indicates that further bullishness could be seen in the near term testing 1.6842 resistance (,9thNov High), and a break above could lead the pair to a test for 1.70 area.

UsdJpy The USDJPY pair tested the upper part of the declining triangle, were strong resistance there rejected further appreciation. We expect further pair consolidating within the triangle back to 90.05. Failure to hold above 89.30 will be looking for support at 88.85

sdCUhf Markets seem to be demanding a test of parity. USDCHF pair had made the inverse formation to that of EUR/USD pair “Double Bottom”. Again the Swiss Franc strengthened upon reaching resistance level at 1.0190 diminishing the double bottom bearish reversal scenario, 1.0034 would be a critical key support, where a break below could send the pair below 1.00 psychological support.
EurUsd The bearish double top formation scenario seems to be loosing momentum, and the pair is again heading towards 1.50 levels. A break above 26thOct High at 1.5062, for further bullishness targeting 1.52 –1.53 area. Support for pullbacks is located around the 1.4810/50 area.

GbpUsd After the 300 pips fall from 1.6842 the pound was able to find support at the uptrend line which rejected further fall in the pair. This indicates that further bullishness could be seen in the near term testing 1.6842 resistance (,9thNov High), and a break above could lead the pair to a test for 1.70 area.

UsdJpy The USDJPY pair tested the upper part of the declining triangle, were strong resistance there rejected further appreciation. We expect further pair consolidating within the triangle back to 90.05. Failure to hold above 89.30 will be looking for support at 88.85

UsdChf Markets seem to be demanding a test of parity. USDCHF pair had made the inverse formation to that of EUR/USD pair “Double Bottom”. Again the Swiss Franc strengthened upon reaching resistance level at 1.0190 diminishing the double bottom bearish reversal scenario, 1.0034 would be a critical key support, where a break below could send the pair below 1.00 psychological support.

Friday, November 13, 2009

Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategSearch forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]y. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]Search forex strategy in the internet is not as easy as search free e-cards What do you think the key for forex trading? It is not the perfect strategy, but PERFECT DISCIPLINE. Discipline is a controlled behavior. So in forex trading you must have a controlled behavior which follows your strategy. Discipline will separates [...]
Traders on the Foreign Exchange market, Forex market for short, can potentially make thousands of dollars based on the volatility and fluctuations of a country’s currency. To better themselves and have a leading advantage over other traders, some Forex traders and investors participate in a practice known as news trading. The risks are very high, but the potential gains can be worth thousands of dollars and many traders and investors use this technique.
The technique of news trading is quite simple. It is the trading of foreign currency immediately before or after an important economic news announcement. After such announcements, there is a high possibility that market prices will fluctuate, either for the better or worse, depending on the announcement. For example, if the U. S. Federal Reserve announces another increase of the interest rate, many traders might invest in the U.S. dollar as it is expected that its value will appreciate. The main advantage of news trading is the potential for a country’s currency to make huge gains or losses in very little time. Within minutes of an economic announcement, a country’s currency can gain or lose one hundred points almost instantly. The potential of huge profits attracts Foreign Exchange traders and investors, however there are various risks associated with news trading.
Like any investment, there is always a risk, and news trading on the Forex market is no different. Though the potential profits are huge, the losses are also equally as large. The dangers of news trading come from the fact that a trade must be made quickly or else you are going to lose. If you are caught on the bad side of a trade, your money will be gone quicker than you can blink your eye. You will lose money so fast that there won’t even be time for you to manually close your trades, leaving you with nothing. Stop-loss orders are also potentially dangerous as there is a high probability of slippage because of the sudden price fluctuation.
Though some investors and traders might get lucky trading news, there is only a small probability that you will make a profit. Even if you are an expert news trader, you should still be very, very cautious when participating in this practice. Successful news trading depends solely on how you get your news. The most successful news traders are the ones with the
fastest news feeds and those that are able to quickly place their trades immediately after an announcement has been made. Even using other forms of news trading, such as placing orders above or below the market price is still a guessing game, and those traders in the market who base their trades on guesses, won’t have much money after a short time.
For many Forex traders and investors, their trades are dictated by technical indicators and price indexes. Hours are spent researching every indicator, taking every risk into account and then making a decision based on everything they have studied. However, for a Forex news trader, none of this matter, and the only thing they take into account is economical news announcements.
News trading is possible because the Forex market is always open, unlike many financial markets. In a financial market, securities trades of certain stocks are suspended when an important company announcement is being made. These announcements are usually made after the market has closed for the day. However, because the Foreign Exchange market is open 24 hours, any economic announcement will have direct affects on the currency of that country, and maybe others as well. In the Forex market, there are eight major currencies that are traded, as well as over seventeen derivatives to be traded as well. This means that on any given day, there will always be economic announcements from any of the major traded currencies. The major trader currencies are as follows:
U.S. Dollar (USD)
Because of the availability of each currency, currency pairs, and its derivatives, such as USD/JPY, EUR/USD, AUD/USD, as well as several others, each currency can be traded at any given time because these currencies are globally traded.
Any Forex news trader or news investor will have to have the latest most up to the moment news announcements. Even if the news announcements are only a couple of minutes old, this can have devastating effects for any trader who has risked any sum of money. Most news traders like to keep an eagle eye on any news regarding economical activity, but most importantly news dealing with
interest rates changes, FOMC rate decisions, retail sales figures, inflation indicators such as the consumer price index (CPI), producer price index (PPI), unemployment figures, industrial production announcements, boost in business and consumer confidence, as well as business sentiment surveys. Manufacturing sector surveys, trade balance release details, and foreign purchases of U.S. Treasuries may also prove useful for a news trader to better make decisions regarding when or when not to trade.
However, it should be remembered that these news announcements can have ranging impacts on a country’s currency, and after an announcement, the volatility of a currency may greatly fluctuate. It is important to take advantage of news that creates movements in volatility that will last for a few minutes or even hours. Trading on the Forex market based solely on news is a difficult and sometimes dangerous practice. However, there are some indicators that can make a news trader’s job easier, such as breakout indicators (Bollinger bands, breakout of a candlestick bar, or a price bar). Research has proved that news announcements can impact a currency’s value quite severely, in some cases it can gain or lose anywhere from 33 pips to 124 pips, opening up the ideal trading opportunity looked for by news traders. If a news trader is able to act quickly enough, even the smallest news release can be turned into a potential profit of thousands of dollars. However, it is important to remember the volatility of such announcements, and although the profits seem endless, the losses can happen too.



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