Paraguayan super-fan Larissa Riquelme is really enjoying her 15 minutes of fame. She lit the internet on fire a few weeks ago when she showed up to a World Cup game in a rather busty looking jersey.
And now it appears the Paraguayan model is almost relishing the attention. Here are some more pics of Riquelme at yesterday’s Paraguay/New Zealand game.
GBP/USD breaks yesterday's low, bottoms at 1.5011
GBP/USD weakened further south on Tuesday, as risk-prone investors vanished off on dented risk appetite. The market conditions appealed bears to come in, riding the pair down from an opening at 1.5102.
The free-fall shed nearly 100 pips off Cable's value as the downside rally hit its lowest level at 1.5011, surpassing by 5 pips yesterday's low at 1.5016. At present, GBP is picking up to the upside as the corrective leg drives through 1.5030.
According to Futures TECHS, “short term support and resistance levels of note can be taken at R: 1.5241, 1.5175, 1.5149, 1.5129. S: 1.5074, 1.5017, 1.4960, 1.4915”.
Wednesday, June 30, 2010
Sunday, June 27, 2010
Government austerity is the new fashion
Political and Economic Developments
Government austerity is the new fashion, a mantra espoused by some and imposed on others, studiously avoided by US politicians who face November mid-term elections. The new UK coalition government will hike Value Added Tax to 20.0%, while the Japanese government mulls raising theirs from a current 5.00%. Government spending slashed all round Britain too, cutting out not just ‘waste’ but right into the ‘bone’. Moves will not be popular but weakened trades unions and no job security mean employees have few options other than the ‘sick note’, currently the dodge of choice.
US Existing Home Sales dipped to 5.66 million annualised in June while New Home Sales collapsed to an all-time low at 300K, a series going back to 1964 and a fraction of peak 1389K in 2005. Interestingly the US Treasury reports widespread fraud with the homebuyer credit introduced in 2008 with at least 15,000 erroneously paid out, of which 1,295 prisoners successfully claiming credits worth $9.1 million. Also worrying for those hoping for a floor to be established on property prices is anecdotal evidence that some are maintaining consumer spending by going into arrears on their mortgage payments, banking on the lengthy foreclosure and eviction process to tide them through. Australia has a new PM and its first female one to boot, Julia Gillard, the deputy who ousted Kevin Rudd whose plans to tax big miners more heavily brought about his downfall. This should serve as a warning to tinkering politicians; the uncertainty alone can destroy businesses, especially those with very long term time horizons.
Saturday, June 26, 2010
These are four ways to describe the state of downtown Toronto as the city prepares for the Saturday afternoon arrival of leaders from the Group of 20 countries, along with the bankers, protesters, reporters and thousands of others that come with them.
Top officials will spend the weekend discussing vital issues related to the global economy, trade, bank regulations and other subjects at G-20 and G-8 summits in Toronto and Huntsville, a cottage-country town surrounded by lakes north of Toronto.
However, their presence has had the impact of transforming the metropolitan area into a G-20 security zone, where 14,000 police officers are empowered during the summit to arrest anyone too close to blockades located around the city. The Metro Toronto Convention Center, where leaders will meet, is fenced off. Thousands were told not to come to work on Thursday and Friday or over the weekend, in anticipation of traffic and protester mayhem.
"We're worried about traffic flows; getting in and out will be difficult," said Ann DeRabbie, spokeswoman of Scotiabank in Toronto, from her home. "We know of planned protests and planned demonstrations that could affect how people get in and out of our offices."
DeRabbie said Scotiabank has shut down six branches temporarily, in part because of security concerns and in part due to transportation difficulties in the coming days. She added that Scotiabank's Bay Street trading floor has been shut down partially, with traders operating from a remote location as a precaution. Other banks have made similar arrangements,
Friday, June 25, 2010
Comment: Hovering at current levels, trapped between a ‘spike high’ at 1.2490 and the moving averages at 1.2290/1.2274 which might cross to bullish today. Now let’s see if the so-called ‘risk-off’ idea can avoid simplistic knee-jerk reactions which involve rushing into the greenback. Momentum is bullish and the Euro is not overbought.
Strategy: Attempt small longs at 1.2350, adding to 1.2250; stop below 1.2100. First target 1.2400/1.2450.
Comment: Holding in the middle of May’s range despite 9 and 26-day moving averages having crossed to bullish. The Lagging Span might be pushed down by May’s candles.
Strategy: Possibly attempt tiny shorts at 110.90, adding to 112.00; stop above 113.50. First target 110.00, then 109.00.
Comment: Breaking and closing above a decent flat-topped Ichimoku ‘cloud’ and a the Lagging Span breaking above both moving averages which are suggesting a long position. Momentum has just turned bullish though Cable is slightly overbought. A weekly close above 1.4900 should help sterling higher, as would a monthly one above 1.5000.
Strategy: Attempt small longs at 1.4975, adding to 1.4900; stop well below 1.4800. First target 1.5050, then 1.5200.
Comment: The lowest daily close since May, the incredibly thin horizontal Ichimoku ‘cloud’ managing to push the dollar down. We shall continue to allow for a test as low as 89.00 later this week. Bearish momentum has increased though the US dollar is slightly oversold.
Strategy: Attempt shorts at 89.80 but only if prepared to add to 91.00; stop above 91.50. First target 89.50/89.00.
Thursday, June 24, 2010
Car Leasing Turns Daydreams Into Reality
Have you ever had those day dreaming moments wherein you are cruising around town driving your hot dream car? You enjoy that moment for a while and then you snap right back to reality. You think you can never live that moment but seems like you have to think again. Yes it seems quite impossible to have that sum of money to be able to purchase that car on your own. Not including the taxes, insurance and maintenance. But with car leasing, your daydream might just come true.
When you lease a car, you do not have to spend a big amount of money outright. You do not also have to pay for the whole car itself. You only have to spend for the amount of time that you will use it for. You can name your terms, depending on your budget. So if you wish, you can drive the car of your dreams for just 24 months or if your budget allows, for as long as 4 years.
Not having to cash out right away makes it possible for you to lease luxury cars. Not only that, you can also keep changing cars every now and then. So if you have more than one dream car, car leasing makes it possible for you to drive all of them, given that you find a leasing company that has them. After every lease term, you can go on to the next car, and the next, and the next, and the next.
You do not have to worry about the car's insurance, taxes and maintenance because most of the expenses are already included in your lease terms and are spread out. As for the maintenance, just make sure that when you lease a car, it is still under the manufacturer's warranty so you and your car are covered in case anything comes up.