Saturday, 16 March 2013

Plane Crashes Into Fort Lauderdale Florida Parking Lot - video

A small plane crashed into a parking lot near a South Florida airport Friday afternoon, killing all three people onboard and burning about a dozen cars. No one on the ground was hurt.
Fire-Rescue Division Chief John San Angelo said the Piper Navajo, a twin-engine turboprop, began experiencing engine trouble shortly after taking off from Fort Lauderdale Executive Airport at about 4:30 p.m.
The plane tried to turn around and make an emergency landing, but it didn't get back to the airport, he said. The plane hit a tree and a fence as it crashed into a parking lot, part of a busy industrial area near blocks and blocks of tightly packed warehouses and stores.
Seven cars and a boat caught fire.

Thursday, 14 March 2013

A phishing email in the name of RBI

Next time you get an email from the Reserve Bank of India think again?

An email allegedly from India's central bank, asking denizens to secure their bank account details with the RBI is fake, and an attempt by new-age fraudsters to con people into giving away bank account details and lose hard-earned money, security experts said.

Wednesday, 13 March 2013

EUR/USD - Enjoy the volatility while it lasts

As we close in on the end of Q1, short term German rates are completing a circuitous trip that saw yields pushed higher by a temporary liquidity squeeze related to LTRO repayments only to fall again under the weight of poor economic data.  It was an anomoly, a blip.  The benchmark 2-yr Schatz is right back where it started the year (and on its 200 day MA) at 0.05%. EURUSD has followed a simliar route; just tagging along for the ride. It's hard to argue much else has mattered. Rates have re-emerged as a major driver of currencies. The ECB may yet cut rates but the reality is that, after such a move, we're back to trading currencies in a ZIRP world and the volatility and wider ranges of the past few months will be a distant memory.

EUR/USD - Consolidation dominates - 1.3150 should cap

  • Supported by a marginally softer USD in a quiet Asia 
  • EZ IP is event risk in Europe - RTRS poll -0.1%
  • Choppy consolidation with in Fri's range set to extend
  • Ma's & momentum studies show conflicting signals
  • Trend is lower - 100 & 20 dma @ 1.3127/37 should cap

Tuesday, 12 March 2013

EUR/USD - Bear Channel Top halt Gains

Old support from March 8  combines with bear channel top to halt rally
Stops touted above 1.3080 safe for now as pair dips to 10 DMA (1.3046)
Obama reminds mkt of dire EU, says 'they're hungrier for trade deal' than in past
Mkt chatter of Basel name bidding on this dip & aids to support
Daily close above 10 DMA & channel top & mkt will target the 100 DMA

Monday, 11 March 2013

EUR/USD Techs: Offer now at 1.3135 top range

  • Seventh day prices have mutually overlapped saps downtrend's momentum
  • Tensions are building for either a reversal or trend resumption
  • Fri's high, 100-DMA & down TL defined the topside pivot
  • Giving the daily and weekly sell signals benefit of the doubt for now
  • Lower 10-day Bolli by 1.2950 is the downside pivot on a closing basis

Momentum studies are positive: 83 Break to target 84,10 (2012 high)

  • Tracks upper Bolli fueled by a string of stronger U.S. data
  • Aug range res just below 83.00 held offshore
  • 5, 10 & 20 dma's trend north with Bolli bands
  • Momentum studies are positive - trend is your friend

Delhi gangrape case: Prime accused Ram Singh commits suicide

Delhi gangrape prime accused Ram Singh today committed suicide by hanging himself in Tihar Jail.
The incident took place at 5am on March 11, 2013 in jail number 3 of Tihar. His body has been sent for postmortem.
Ram Singh was the driver of the school bus that was allegedly used in the infamous gangrape case wherein the 23-year-old victim, a paramedical student, was also brutally assaulted by the rapists. The victim died in a Singapore hospital December 29, 2012. 
Ram Singh was arrested along with his brother and four others, including a minor, hours after the crime. He and his co-accused have also faced fellow inmates' ire after being lodged into Tihar Central Jail.

Friday, 8 March 2013

EUR after ECB meeting

The ECB caught a few people on the wrong side of the rate cut debate today. This sent EUR off to the races, trampling rate futures in the process. Life is full of little setbacks, but this one is unlikely to last. Markets will have to price in the risk of an ECB cut until something dramatically alters the growth outlook. The specter of crisis still haunts Europe and the ECB's own staff project a mild contraction this year. It's hardly the environment to stave off rate cut speculation.

Facebook unveils 'mobile first', picture-friendly newsfeed

Facebook Inc introduced a visually richer, mobile device-oriented "newsfeed" on Thursday, in the most significant changes to date for the social network's most recognizable feature. 

The changes to the newsfeed, whose look and feel has remained largely unchanged since its inception, include a division into several sections, with separate areas for photographs and music. 

The overhaul, which standardizes the feed across mobile devices and desktop computers, is designed to keep users active and interacting as well as appeal to advertisers, as Facebook battles Google Inc for Internet market share. 

CEO Mark Zuckerberg had singled out the feature as in need of a makeover as recently as January, when the company introduced "graph search" to address inadequacies in allowing users to trawl for information across the world's largest social network. 

Facebook's newsfeed, an ever-changing stream of photos, videos and comments uploaded from friends, is the first page most users see upon logging in. It is one of three "pillars" of the service, along with search and user profiles. 

Thursday, 7 March 2013

EUR/AUD: Positive News, but trend is low

  • S&P upgraded Portuguese outlook to neutral
  • Aus trade data came in weak - cross little changed
  • Market expects dovish ECB tonight
  • Momentum studies , 5, 10 & 20 dma's trend lower
  • 100 dma @ 1.2614 is initial & 5 dma @ 1.2726 sup/res



    Wednesday, 6 March 2013

    EUR/USD: Down Trend remains in place

    • Since early Feb high, strong downtrend has been contained by a channel
    • Key 1.30 level tested - in line with last major low on Jan 4
    • Potentially a lasting low in place already - though bulls should be patient
    • Any further downside likely to find stiff support at 200 day MA
    • If price holds above down channel (circa 1.315) then get long       

    Tuesday, 5 March 2013

    EUR/USD technicals: Ichimoku cloud base weighs at 1.3114

    • Break below 1.2982 (Monday's low) needed to weaken intra-day structure
    • There are a multitude of resistance levels above 1.3100
    •   Ichimoku Cloud base @ 1.3114 weighs