Thursday, May 27, 2010


The News:

Reserve Bank of New Zealand inflation expectations rise to 2.8% in Q2 2010.

The Numbers:

British Summer Time, with expectations and previous figures in brackets.

09:30 GB revised Q1 GDP (0% to +0.3% Q/Q, -0.5% to –0.1% Y/Y, versus +0.2% and –0.3%.

09:30 GB April BBA Mortgages (35,200 to 38,000 versus 34,905 March).

09:30 GB March Index of Services (+0.2% to +0.3% 3M/3M versus +0.4% February).

10:00 EZ16 March Industrial New Orders (+0.5% to +4.9% M/M, +13.1% to +19.3% Y/Y, vs +1.9% and +12.5%).

14:00 US March CaseShiller House Prices (-0.7% to +0.3% M/M, +1.5% to +3.0% Y/Y, vs –0.1% and +0.6% Feb).

15:00 US May Consumer Confidence (53 to 63 versus 57.9 April).

15:00 US May Richmond Fed Manufacturing Index (18 to 26 versus 30 April).

15:00 US March House Price Index (-0.3% to +0.3% M/M versus –0.2% February).

16:15 US Fed’s Bullard speaks on economic recovery, London.

00:50 JP April Corporate Services Price Index (versus –1.1% Y/Y March).

00:50 JP Bank of Japan Minutes of April’s MPC meeting.

01:30 US Fed’s Bernanke speaks on central bank independence, Bank of Japan, Tokyo; Plosser at 03:00.

The Psychology:

The US and now Japan warn their economic recovery might be held up by Eurozone woes.

The Risk:

US declares ‘fishery disaster’ in 3 states in the Gulf of Mexico; aid available. Oil spill in Singapore.

Wednesday, May 26, 2010

Daily technical outlook


Trading strategy: small short at 1.2470, stop at 1.2520 (0.5% risk), objective at 1.2370.

The euro fell to as low as 1.2177, erasing most of last week’s gains. Downside pressure remains high as yesterday’s recovery from 1.2177 to 1.2385 was unsustainable and the 1.22 region is back in focus at time of writing. The EURJPY was the main driver of euro’s weakness as the Yen continues to strengthen across the board while the equity markets are facing large declines. First resistance today comes at 1.2340/50 and a break out would suggest that yesterday’s recovery towards 1.2400 was not part of a minor corrective phase but rather part of an ongoing recovery which may extend to 1.2440/50 and the 1.26 region. However, selling into strength/minor rallies seems the best bet for now. Selling into break downs is also a good plan but one should play it careful as massive short-covering could be just around the corner and what we witnessed last week in EURAUD’s huge reversal should be a warning of what can happen nowadays – when the markets are driven by panic, uncertainty, rumors, political and military tension, Central Banks interventions and other ingredients required to create a perfect storm. Current quote is 1.2294 @06:22 GMT

Support: 1.2250, 1.2200 and 1.2130/45
Resistance: 1.2340/50, 1.2440/50, 1.2550 and 1.2620
Market sentiment: long term – bearish, medium term – bearish, short term – bearish, intra-day – bearish


The Aussie dollar’s sell-off has brought into our attention lows not far from the .8000 psychological barrier and it doesn’t seem to be over yet. An interesting setup can be seen into the weekly chart below – where you can see 3 zones representing the corrective ranges since the uptrend started in late 2008. Current sell-off extended back into previous corrective region but the range upper limit still provides support – and this can be seen on the daily charts, where we can notice Aussie’s attempt to recover from last dips towards .8000. A potential continuation of yesterday’s recovery may signal a temporary reversal, opening .8580/00 – the upper corrective range lower limit. Current exchange rate is .8250 @06:22 GMT

Tuesday, May 25, 2010

Barbara Mori Provogue Photo Shoot

Mexican model and actress Barbara Mori done a photo shoot along with Hrithik Roshan for the summer collection of Provogue. It is the special “Kites Collection” shoot.

Euro in free fall

The euro came under heavy pressure this week.
EUR-USD actually fell below 1.26 for a short time, but strengthened again to almost 1.28 at the end of the week. The single currency’s weakness was noticeable against almost all currencies. The chain reaction triggered by the Greek debt crisis spread rapidly this week. Bond and credit spreads of the peripheral countries soared and equity markets posted steep losses across the board. The ECB council meeting disappointed investors who had been hoping that the ECB would ease the pressure by buying debt-stricken countries’ bonds. The ECB dashed these hopes, however: according to Jean-Claude Trichet, the council did not even discuss this option.

With the renewed escalation of the crisis, attempts to calm down worries about the Greek debt crisis have failed once again. Only last weekend, the Greek government had agreed with the IMF, the EU Commission and the ECB on an ambitious multi-year fiscal consolidation package, thus creating the necessary prerequisites for financial aid for three years offered by eurozone member states to be made available. Hopes that the €110 billion bail-out package would suffice to cover Greece’s funding requirements faded all too soon, however. Furthermore, given the vehement protests, markets are still doubtful whether the Greek government will in fact be able to implement the austerity measures.

Thus bond and credit spreads in the debt-stricken countries shot up to new record highs, while investors continued to rush into quality. Yields on 2-year German government bonds are now only around 0.5%; 10-year Bund yields fell to fresh lows too, and US Treasuries were also in demand. The losses in the peripheral countries are putting the European banking system under increasing pressure. Asset swap spreads have widened sharply in the last few days. As banks’ balance sheets contain numerous bonds of debtstricken countries, risks for banks in Europe are estimated to have grown significantly again.

Sunday, May 23, 2010

Pearl Verma Femina Miss India 2010 Contestant

Pearl Verma has interests in dancing, listening to music, outdoor sports and traveling. The motto in her life is to rise above the ordinary, spread happiness and joy in the lives of many and she wishes to do her country proud.

Pearl Verma is one the 18 contestants for Miss India 2010

Age of Pearl Verma is 19 years old.

Birth Place of Pearl Verma born in Delhi and was brought up at Mumbai

Height of Pearl Verma Height of Pearl Verma is 5' 7.5”

Education of Pearl Verma She is Graduate from H R College, Mumbai and working as a Commercial pilot.

Hobbies of Pearl Verma are Dancing, Listening to Music, Outdoor Sports and Travelling.

Favorite film star of Pearl Verma are Tom Cruise and Shah Rukh Khan and her favourite sports person is Andy Roddick

Favorite Movies of Pearl Verma are Sixth Sense, Kal Ho Naa Ho

Pearl Verma motto for life is “Rise above the ordinary, spread happiness and joy in the lives of many. I wish to do my country proud.”

People with Cancer Should Know About Health Insurance
To a person who isn't an insurance industry insider, the ins and outs of health insurance can be confusing. Throw a diagnosis of a chronic condition like cancer into the mix and the confusion can easily turn into frustration. The good news is that with the right resources and knowledge, it doesn't have to be.
1. What Type of Coverage Do You Have and What Does It Cover?

Do you know what type of insurance plan you are covered under? Is it an HMO, PPO, or POS? Knowing what kind of plan you are under and what that entails is one of the most important things to know when you have been diagnosed with a chronic disease, like cancer. Knowing about your health insurance plan is the first rule in being a responsible, empowered patient. Understanding managed care plans like HMOs and PPOs, which most Americans have, is the first step in knowing the details of your personal plan.

Friday, May 21, 2010

Lekha Washington Hot Sexy Latest Unseen Photo Gallery

US stock futures mixed on Wall Street
US stock futures are mixed so far with investors eyeing the end of the earnings seasons as well as a slew of economic data. The DOW is the only index in the green, showing modest gains of 0.09%. The S&P 500 is largely flat at -0.01% while the NASDAQ is off by -0.39%.

The focus today will be on ongoing drama in the euro zone after rumors spread yesterday of possible ECB follow-up to Germany’s decision to regulate naked short-selling. So far however, European financial firms are faring well with Barclays, BNP Paribus and Banco Santander posting gains.

In the US market, investors will be looking out for some of the final first quarter earnings reports by Applied Materials, Gamestop and Staples. Moreover, the weekly jobless claims report is due out today with investors hoping for a large drop to imply sustainable job growth in the world’s largest economy.
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