Overview
A quiet week with very thin market conditions as summer holidays slowly end and we waited for August’s US Non-Farm Payroll (a better than expected –54K). Equity indices rallied, most erasing the losses of the last two or three weeks, Jakarta (3164) to a new record and Malaysia (1,441) its best since January 2008’s peak at 1,524. Currencies were mixed, yen (83.66) and Swiss francs (1.0065) originally in demand but reversing on Friday’s numbers, the Singapore dollar setting a new record of 1.3419 per greenback as did EUR/CHF 1.2850. Benchmark yields rallied, some from record lows, the moves most pronounced in the JGB’s (10-year from 0.90% to 1.15%). Many index-linked issues set new record lows yields, then stabilised close to these points. Spot Gold at $1,245.65 is very close to its record high and Silver $19.68 not that far off 2008’s record $21.24. ICE Cotton at 91.80 cents per pound is two standard deviations above the long term mean, Pakistani floods affecting availability, likewise CME Live Cattle at 98.70 cents. Baltic Freight Rates up from depressed levels, trading around the mean of the last two years or so.
That’s the question directed at Miss Universe these days, as the organization has posed most of its 2010 contestants in almost nothing but body paint for a new set of promotional images.
Some think these photos go too far.“It’s alarming that this has been turned into a Playboy-esque masquerade,” Angie Meyer, a former pageant employee, told Fox News. “By implementing topless photos as part of the pageant process, they’re putting applicants in an extremely compromising position.”
As opposed to the bathing suit and evening gown segments of the event, which place contestants in uncompromising positions and are not based on appearances?The organization tells ET: “The contestants who compete at Miss Universe are diverse as they represent more than 82 countries around the globe. Many of their cultures embrace nudity. These photos are a form of artistic expression for each contestant and we respect their desire to pose topless, or not. We feel the images captured are fashionable and cutting edge!”
Forex: EUR/USD bounces at 1.2820, and returns to 1.2900 resistance area
Euro recovery from 1.32735 low on Monday was rejected yesterday at 1.2900/15 resistance area. and the pair pulled back on Asian session to reach 1.2820 low, where the pair found support to bounce up and return to 1.2900 area, under pressure at the moment.
The pair is moving parallel to risk trends, according to Peter Rosenstreich, technical analyst at ACM - Advanced Currency Markets, unable to gather momentum: "We seem to be stuck in a risk-on/risk-off environment this week, so the move through the top of this week’s short-term downtrend has not had a chance to gather momentum for a sustained moved higher, instead slumping back towards 1.2830 levels."
On the upside, the pair is likely to be capped below 1.2930, says Rosenstreich: "Should the bulls step in back at the short-term downtrend and drive the pair back higher, the first key resistance remains 1.2930 (12 Aug high). That ceiling will probably be robust enough to withstand most rallies (having scuppered 3 attempts already)."
The importance of building business credit need not be stressed if you are small business owner. You might already be aware of how a good business loan profile can help you climb the ladder of success with ease. There are several ways to build business credit and one among them is owning a business loan card and using it wisely. Enterprise bank cards can be obtained easily in comparison with other line of credits and probably that's why we find at least 65 percent of business owners having a business charge card. What could be more attractive than conserving cash while you are able to meet your overheads? However, just like your personal charge card, you need to be careful while using business credit cards and use them solely for business purposes.
If you are planning to build corporate credit through business credit cards, here are few other benefits they offer --
• Enterprise bank card aids to establish business loan when you use them wisely. So if your goal is to have a good business loan score, make your payments on time and do not misuse or mismanage enterprise bank cards. However, you need to do your business with people who report transactions to the credit bureaus.
• Running a business involves making a lot of purchases that cannot be done through personal credit cards due to the lower credit limit. Enterprise credit cards have a higher credit limit about $50,000 that makes purchasing simpler.
• With the use of business bank cards you can keep your personal and business finances well sorted. You no more have to break your head with transaction details while you are paying taxes
• business bank cards enable you to set limits for employee spending.
• You will be entitled to discounts on business travels or business purchases if you have collected reward points.
Are you thinking of a gift for someone special in your life? Consider personalized gifts. Think they are just too expensive? Think again. Personalized gifts are often simple items like tote bags or key chains that are very affordable for anyone. What makes a personalized gift different from other gifts? It is the presentation. A gift is personalized with initials on monogrammed gifts, or with the names, dates or endearing phrases expressed on engraved gifts. This might take more time and may cost little more, but it makes sure that the receiver knows that you have thought about them before buying their gift. This way you make it special for them, and that is certainly what we are trying to do.
The market is full of products ranging from the very expensive to simple engraved gifts; for example, a keychain or money clip for groomsmen gifts or monogrammed gifts like a tote bag or apron for bridesmaid gifts. All the gift shops provide a section where you can personalize gifts. Many gifts are designated according to occasion. Occasions like Valentine Day, wedding, bridal shower, birthdays, bachelor party can be made more special by giving personalized gifts. Sometimes buying a gift according to who is to receive it is helpful. Such as: if you get a different gift for your bridesmaid and your flower girl, or your groomsmen and your best man. This way they all know that you gave a thought to them before buying the gift.
There are many websites that offer personalized gifts on the internet. This is a perfect way of choosing gift to be personalized for those special to you. Browse through the many gift choices available on a site and choose the perfect gift without ever leaving home. It also makes sticking to your budget much easier and saves you much time and gas in the process. You get to compare prices on different websites, which are usually cheaper than brick and mortar stores because the overhead is much lower. Also, there are often discounts and sales available. You can mix and match things from various sources. Often you don't have to worry about shipping because many offer this service for free. Finally, there is sales tax which you can often avoid when purchasing online from an out of state vendor.
Whatever the occasion, a holiday, birthday, anniversary, birth, wedding, shower, retirement, promotion or other life event; you will find a gift suitable for that occasion. Personalized gifts are suitable for every occasion. They express your personal interest in the recipient and your loved ones will always remember the special attention you gave to them to make their special occasion more memorable.
If you are looking for a way to help your little child to fall asleep in comfort and with ease then you may like to invest in a glow worm toy.
You can buy them in a range of colors, sizes and shapes and you are able to achieve this task quickly by looking on the internet. You could potentially order one of these playthings right now and have it sent to your home within days.
Glow worm toys could be the perfect aids to assist little ones to drift off to sleep smoothly. These particular toys have an inbuilt light that can help to gently send your little one off and away to the land of dreams. You will find that there is such a large assortment of these toys available on the market today that you'll be guaranteed to discover the ideal aid that will help you through the sleeping schedule for your baby.
The original glow worm toy was developed by Playskool and it got its name from its structure. The exact name for the product is spelt Glo Worms. The first products were made of soft material and padding and had a painted head which would illuminate when the body part was squashed.
These kinds of toys evolved and various other companies begun to produce their own interpretations and creations. Now you can purchase them in all different shapes and sizes as well as in different colourings. You may find that it's possible to now choose the original worm shaped toys or else you can decide to go for a cute sea horse designed stuffed toy for your daughter or son. Whatever the shape is, these toys help to do the same task which is to provide the baby with a toy which is relaxing and will help them feel comfortable as they fall off to sleep.
Take a look online at what is available to buy and you are sure to find the glow worm toy that is perfect for your child.
Forex: GBP/JPY dips to session low below 137.00
Pound's recovery from 134.20 low on Friday has found resistance at 137.65/75 area, and the pair's pull back extended on early European session, to a fresh session low right below 137.00.
On the downside, immediate support lies at 136.75 (session low), and below here, 136.45 (Jun 3 low) and 135.80 (Jul 14 high). On the upside, immediate resistance lies at 137.65/75 (Aug 2 high/intra-day high), and above here, 138.00 (figure) and 139.45 downtrend resistance from August high).
Currencies: A fairly narrow range overnight, but clear evidence of the pro-growth, risk-on trade. CHF and JPY underperformed, while NZD, AUD and CAD outperformed.
EUR/USD. Stonewalled at 1.30
EUR/USD (1.3003) is up overnight and continuing to press upwards for a breach of 1.30. However, 1.30 continues to prove stubborn resistance, leaving the currency to languish in a sub-1.30 consolidation.
Technicals:
* Trend: Daily lower; Weekly higher.
* Overbought/Oversold (stochastics): Daily overbought; Weekly neutral.
* Support / Resistance Levels: Support for EUR/USD lies at 1.25 (psychological), 1.2152 (Jun 29 low), 1.1877 (Jun7 low), 1.1827 (Mar’06 low), and 1.1640 (Nov’05 low). Resistance lies at 1.3029 (Jul20 high), 1.3094 (May10 high), 1.3692 (Apr12 high), 1.3818 (Mar17 high), 1.4026 (Feb3 high), 1.4194 (Jan25 high), 1.4579 (Jan13 high) and 1.4626 (Nov low).
Positioning:
* The CFTC, EUR, non-commercial, net position (-26K) moderated slightly, consistent with the continued test higher to above 1.30 in EUR/USD up to Tuesday.
* The risk reversal (3m, 25delta) rose along with the rally in spot. The reversal is still heavily skewed for EUR downside, but it lies in the middle of its six month range – suggesting two way price action.
* Implied Vol (3m) fell overnight. It has dropped into the bottom-third of its six-month range but is not yet extreme.
Cross-asset valuation: The significant correlations that EUR/USD has during the past 60 days are the 10yr yield spread (positive), the US10yr yield (positive) and the SPX (positive).
HSBC Home Loan Interest Rates 2010 - How to Find the Best Rates?
Hong Kong and Shanghai Banking Corporation Limited is one of the leading banks in the world and have branches in India. It offers Home loans as one of the financial products. If you spend some time and analyze the scheme details offered by HSBC, then you can get a good home loan rates for buying your dream home. This article will also guide you for the same.
HSBC Home Loan interest rates 2010:
HSBC offers housing loans for any type of resident Indians and NRI. You can either apply for a home finance with fixed interest or floating interest. In case if you need to migrate from a floating rate to a fixed rate, you can do it by approaching the bank. They will shift the loan schemes from a floating rate to a fixed rate free of charge.
Regarding interest rates, after July 01, 2010 the interest would be fixed based on a "HSBC Base Rate". This base rate would change periodically and you have to get the latest rates from HSBC bank or related websites. The loans sanctioned before July 01, 2010 the interest rates would be based on "HSBC Retail Lending Rate". This retail lending rate would also vary periodically and you have to check the websites for latest rates.
How to Find the Best Rates?
You have to spend some time by comparing the interest offered by HSBC for various home loan schemes and analyze the best. You can find more guidance for analyzing the same is available in related websites.
Next Step: Start analyzing the best rates for HSBC Home Loans.
A week spent speculating which banks might fail their ‘stress tests'
Political and Economic Developments
The Bank of Canada raised it key rate by 25 basis points to 0.75%; Brazil raised its Selic rate 50 basis points to 10.75%, slightly less than expected on negative inflation in June. UK Q2 GDP came in a better than expected +1.1% Q/Q taking Y/Y growth to +1.6%, helped in part by June Retail Sales which rose by 1.0% M/M and +3.1% Y/Y excluding auto-fuel. No doubt the football World Cup had an effect, but this keeps it at the average of the last decade. With June Core CPI also running at +3.1% Y/Y (RPI +5.0% Y/Y and among the highest in two decades) yet Gilts maturing within 9 years yielding under 3.00%, real interest rates are decidedly negative. Pity then that National Savings and Investments was forced to withdraw its index-linked securities (RPI +1.00% per annum) to all new investors, the first time in their 35-year history, because of huge inflows. Hometrack has annual house prices rising by under 3.00% or shrinking since December 2007, Rightmove suggests +3.7% Y/Y, though the Halifax and Nationwide calculate 6.3% and 8.7% respectively. Gains on main homes tax free. German and Eurozone Purchasing Managers’ Indices, IFO and Consumer Confidence Surveys all upbeat versus June’s.
Currencies: GBP significantly outperformed, followed by the EUR, on stronger data out of Germany and the UK
GBP/USD. In upchannel, but stalled at 1.55
Cable (1.5432) jumped overnight, boosted by a strong GDP report. Spot remains within the uptrending channel since May, but it has also failed to make a new high for six sessions
Technicals:
* Trend: Daily lower; Weekly higher.
* Overbought/Oversold (stochastics): Daily overbought; Weekly neutral.
* Support/Resistance Levels: Resistance lies at 1.5472 (Jul15 high), 1.5524 (Apr15 high), 1.5816 (Feb17 high), 1.6284 (Jan22 high), 1.6458 (Jan19 high), 1.6479 (61.8% retracement of Nov to Dec decline), 1.6722 (Dec 3 high), 1.6878 (Nov16 high) and 1.7043 (Aug high). Support lies at 1.50 (psychological), 1.4949 (Jun12 low), 1.4239 (May19 low) and 1.3503 (Jan’09 low).
Positioning:
* The CFTC, GBP, non-commercial, net-position moderated to -35K, and it has consolidated the past three weeks, consistent with the consolidation of spot just above 1.50 up through Tuesday.
* The risk reversal (3m, 25delta) remained stable overnight and remains near the highs since Feb. While it remains skewed for GBP losses, it is also in the upper end of its six-month range, which suggests an overbought condition.
* Implied Vol (3mo) ticked higher overnight but remains near the low since Jan.
Cross-asset valuation: The significant correlates over the past two months for GBP/USD have been the DXY (negative), EUR/USD (positive), and S&P500 (positive).
USD/CHF. Compressing down on sub-1.05 support
USD/CHF (1.0453) is up overnight but is trading lower intra-day highs and pressing down on the Jul 22 low of 1.0395.
Technicals:
* Trend: daily higher; weekly lower.
* Overbought/Oversold (stochastics): Daily oversold; Weekly neutral.
* Support/Resistance levels: Resistance lies at 1.05 (psychological), 1.0676 (Jul12 high) and 1.1742 (Apr’09 high), while support lies at 1.0395 (Jul22 low) and 1.0131 (Jan low).
Positioning:
* The CFTC non-commercial net position jumped into positive territory (+13K) for the first time since Jan. This is significantly positive for CHF relative to the past six months and could suggest a potential turn higher in USD /CHF, especially with spot stalled around 1.04 support.
* The risk reversal (3m, 25delta) fell overnight despite the rise in spot. It remains near its low since Oct’09. This market segment has abandoned its bullish USD / CHF call, but the skew is very close to a six-month low, suggesting potential for a rally in spot.
* Implied Vol (3mo) is down overnight and cannot seem to rally from multi-year lows.
Cross-asset valuation: USD / CHF has correlated mostly strongly during the past 60 days with EUR/USD (negative) and the USD index (positive).
Getting Effective Prostate Treatment
Another health issue that most men usually encounter due to old age is prostate cancer. At the age of 50, many men are encountering such condition that usually can get worse when it is not treated accordingly. The growth of men's prostate is the main cause of this sickness that can really hurt men's health.
As a man grow old, his prostate gain weight until such time that he will feel symptoms that will lead to prostate cancer. As observation, as man grows old they usually have difficulties in urinating, leaking urine and a feeling of having full bladder.
There are many prostate treatment that are available that will help you with cure this kind of sickness, but of course it should be according to your doctor's recommendation which of the treatment you will undergo in able to succeed in treating prostate cancer. Treatment such as surgery, hormonal therapy and radiation surgery can be one of the ways that can help you with your sickness.
But of course you have to carefully learn things about this method and make sure that you will have the best treatment for your prostate cancer. But if you want to have a safer to have prostate treatment you can have those medications that are available over the counter. Most of the time this pills can help you treat the enlargement of your prostate without over spending or undergo pain of the surgeries.
Take time to look on those prostate treatment that can give good effect in treating enlargement of your prostate. It will be hard to just let it pass and bear the pain that it provide you, always make sure that you will have the best treatment in able for you to prevent having those painful and irritable symptoms that enlargement of prostate can bring.
Social Networking and TMI - Common Legal Mistakes People Make
Over 100 million people use popular social networking and microblogging sites such as Facebook and Twitter. Every day members are having so much fun sharing their personal lives with their fans aka "followers" or with their "friends", they forget to act carefully and prudently while online. It's easy to lose yourself in the moment, such as drinking at a bar. But unlike having loose lips at the bar, your words on a social network stay there indefinitely for all to see - and that can cause significant problems. The bottom line is that Twitter, Facebook and other social networks can cause people to publicly provide "TMI" - Too Much Information.
Perhaps the most common question I have seen asked in legal advice forums is whether a person can lose their job due to a posting on Facebook or Twitter, usually one that might cast a negative light on the employer or their job. The answer to this question should be obvious - there is no First Amendment or other legal "right of free speech" to share whatever negative opinions you may have about your job and still remain employed.
Symptoms of Menopause Can Be Relieved by Weight Loss
Just like death and taxes, one sure thing in [a woman’s] life is menopause. Typically occurring in their late 40s and early 50s, women can experience a whole host of physical symptoms, chief among them weight gain and hot flashes. But weight gain—both before and during menopause—just may be precipitating those hot flashes and losing a few pounds could help to relieve the severity and frequency of them.
A new study published in the Archives of Internal Medicine showed that weight loss among menopausal women resulted in improved or diminished flushing. Researchers conducted a six-month study of 338 overweight and obese women who were at least moderately bothered by hot flashes. Weight, body mass index, abdominal circumference, physical activity, calorie intake, blood pressure, and physical and mental functioning were assessed at baseline (and at 6 months). Then they were split into two groups: One group was put through an intensive behavioral weight loss program, while the control group underwent a structured health education program.
The intensive behavioral weight loss program was intended to produce an average 7-9 percent loss in weight during the six-month trial. To achieve this, calories were restricted to 1200-1500, activity was maintained at 200 minutes or more per week, and the women participated in weekly one-hour group sessions.
At the conclusion of the study, those in the weight loss program saw reductions in weight, BMI, and waist circumference and improvement in their hot flashes.
“Our findings indicate that women who are overweight or obese and experience bothersome hot flushes may also experience improvement in these symptoms after pursuing weight loss strategies; however, improvements in weight or body composition may not be the only mediators of this effect,” the researchers wrote.
Losing weight to minimize the effects of menopause can also benefit you in other ways. A recent study published in the Archives of Internal Medicine suggests that weight gain throughout adulthood is linked to an increased risk of developing breast cancer after menopause for women who do not undergo menopausal hormone therapy. Losing weight and keeping it off can improve your odds of keeping breast cancer at bay.
The JPY outperformed on the view for a US slowdown
USD/CAD. Breaching above the recent 1.03-1.04 range
USD/CAD (1.0429) is up overnight and breaching the 1.03-1.04 range it plied most of the week.
Technicals:
Trend: Daily lower; weekly lower.
Overbought/Oversold (stochastics): Daily neutral; weekly neutral.
Support/Resistance Levels: Resistance lies at 1.0467 (Jul16 high), 1.0677 (Jul5,6 high), 1.0680 (Jun high), 1.0853 (May25 high) and 1.1725 (Jul’09 high). Support lies at 1.0277 (Jul13 low), 1.02 (psychological), 1.0139 (Jun21 low), 1.0110 (May13 low), 0.9931 (Apr21 low), 0.9825 (May’08 low), 0.9712 (Feb’08 low), 0.9058 (Nov’07 low).
Positioning:
The CFTC, non-commercial, net position fell to 11K and is threatening the uptrending channel it has traced out in recent months.
The risk reversal (3m, 25delta) ticked higher overnight along with the rally in spot.
Implied Vol (3m) is down slightly, and it lies near the middle of it’s range so far in 2010.
Cross-asset valuation: In terms of other assets correlating with USD/CAD, watch the SPX (negative), CRB (negative), crude oil (negative), and the 2yr spread (negative).
EUR/USD. Clear break of downtrend resistance
EUR/USD (1.2824) is up overnight on the back of Spain’s successful debt issuance, and spot has now clearly broken above the downtrend line off the December and April highs.
Technicals:
*
Trend: Daily lower; Weekly higher.
*
Overbought/Oversold (stochastics): Daily overbought; Weekly oversold.
*
Support / Resistance Levels: Support for EUR/USD lies at 1.25 (psychological), 1.2152 (Jun 29 low), 1.1877 (Jun7 low), 1.1827 (Mar’06 low), and 1.1640 (Nov’05 low). Resistance lies at 1.2835 (Jul15 high), 1.3094 (May10 high), 1.3692 (Apr12 high), 1.3818 (Mar17 high), 1.4026 (Feb3 high), 1.4194 (Jan25 high), 1.4579 (Jan13 high) and 1.4626 (Nov low).
Positioning:
*
The CFTC, EUR, non-commercial, net position (-38K) moderated, in keeping with the price action through last Tuesday.
*
The risk reversal (3m, 25delta) ticked higher along with spot. The reversal is still heavily skewed for EUR downside, but it lies in the middle of its six month range – suggesting two way price action.
*
Implied Vol (3m) slipped overnight and is trending lower into the bottom ½ of its six-month range.
Cross-asset valuation: The significant correlations that EUR/USD has during the past 60 days are the 10yr yield spread (positive), the US10yr yield (positive) and the SPX (positive).
Unsecured Business Loans - For Small Business Needs
The prime necessity of a business is fund. Once you have sufficient money you can start your business with no trouble. Even if you are already running a business, you still need some amount time to time to maintain the business. To fulfil your requirement, you can take the help of unsecured business loans that provide cash with no collateral demand.
These loans are purposely meant to accomplish the business requirements of the people. This credit facility is free from the security condition. Therefore, borrowers are free from the risk of losing the property.
The lenders offer such loans only on the basis of your repayment ability. So they check your business plan and financial condition before allowing the amount. You need to provide required document at the time of taking the loan.
Under the unsecured business loans borrowers can avail the cash up to £25000 for the time period of 1 to 25 years. You should try to repay the amount on time because of the higher interest rates. However, you can negotiate with your lender about the interest rate.
This credit option can be used for any type of business related expenses. You can use the amount for the purposes like buying office equipment, paying for raw materials and many more.
Even people with bad credit history can also apply for this monetary option. There is no credit check procedure, but lender makes sure about your financial condition. You can improve your credit score also if you payback the loan on time.
It is very easy to apply for this facility through the online mode. It gives you the freedom to sit at the home and apply for it. Internet is a very good option to look for the suitable lender for the scheme. Online lenders keep the paper work less and offer the fast approval.