Lesson 17 Let the market Speak

Lesson 17 Special ops Bootcamp on the 15th june 2013
tell your friends
Let the market Speak

Among many other factors to become a consistently successful trader your objective has to be to learn how to let the market tell you what it may do next and how much is enough. This is extremely difficult when you consider there is absolutely no relationship between what the market may do next and your personal beliefs system on what it means to lose, what it means to be wrong, greed ( fear and revenge.
When you feel compelled to get back, it puts you in an adversary relationship with the markets, the market becomes your opponent, It is against you instead of you being in 🍃HARMONY 🌷with it. 🌾
The market can not take anything away from you that you don't allow it don't allow your self to go through much psychological damage be aware and if you have to release yourself and now move on.

iWatch Apple chart

https://www.google.co.uk/search?q=iwatch&tbm=isch&tbo=u&source=univ&sa=X&ei=ZrCnUffRAuH40gWM9oDADg&sqi=2&ved=0CFIQsAQ&biw=1280&bih=923

Cook said wearable technology such as Google's Glass was 'an area that's ripe for exploration.' 

'it's ripe for us to get excited about. 

'Lots of companies will play in this space.

 

More...

• Is this the iWatch? New images reveal how Apple's secret gadget could look and work
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'I see wearables as a very important branch of the tree.'

Apple has been rumored to be working on a curved glass watch, dubbed the iWatch, which is expected to run on the same iOS software as the iPad and iPhone.

It has been claimed a team led by Apple's British born designer Sir Jonathan Ive with over 100 engineers, is working on the project, and that it is expected to be released later this year.

Mr Cook also revealed he think's Google Glass is not the right approach for a wearable computer.

'People that do wear them generally want them to be light, to be unobtrusive. 

'They probably want them to reflect their fashion,' he said.

'There are some positives in the product, it's probably likely to appeal to certain markets - but the likelihood that it has broad appeal is hard to see.' Cook said.

'To convince people that they have to wear something, it has to be incredible,' Cook said. 

A mockup of the much-rumoured iWatch created by MacUser magazine. It is expected to link to an iPhone, and compete with Google's Glass in the wearable computer market

'If we asked a room of 20-year olds to stand up if they're wearing a watch, I don't think anyone would stand up.'

Although he refused to confirm the firm was working on a watch, Mr Cook said that Nike 'did a great job' with the Fuelband, a wrist based sensor that tracks a user's movement.

'There are lots of gadgets in the space,' Cook said. 

'I would say that the ones that are doing more than one thing, there's nothing great out there that I've seen.

'Nothing that's going to convince a kid that's never worn glasses or a band or a watch or whatever to wear one.'

Cook also hinted at Apple's TV plans.

'There is a very grand vision of this,' Cook claimed when asked about plans for a TV service.

'When you look at the TV experience, it’s not an experience that I think very many people love.

'It’s not one that has been brought up to date for this decade. 

'It’s still an experience much like 10 years ago or 20 years ago.'

However, he refused to reveal any details of the plans, telling interviewer Kara Swisher: 'I’m going to leave that alone - but it continues to be an area of great interest to us.'

Cook also addressed Apple's stock price, saying 'The stock price has been frustrating. It¿s been frustrating for investors and all of us.'

Apple’s new products are also set to include the newest version of its operating system, iOS7, which is due to be unveiled at its annual developers’ conference in just over two weeks, and will be overseen by Sir Jonathan Ive, known to his colleagues as Jony.

'Jony is really key,' Mr Cook said.

'We recognised that Jony had contributed significantly to the look and feel of Apple for many, many years and could do that for software as well…What we did last fall was change things up, to really ramp up our innovation,'

'The key in the post-PC era for having a great product is incredible hardware, incredible software, and incredible services, and to combine them so you can't tell what's what. 

The magic is at the intersection.'

Cook also addressed Apple's stock price, saying 'The stock price has been frustrating. 

'It’s been frustrating for investors and all of us.'

Read more: http://www.dailymail.co.uk/sciencetech/article-2332615/The-iWatch-coming-Apple-boss-says-wearable-technology-profoundly-exciting--predicts-Google-glass-FLOP.html#ixzz2UoDrBFjB
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Self mastery

Lesson 16

Self Mastery

Want to be wealth then its possible you want to be abundant by nature then your wish is my command
However, there are two things you must do to attain your objective.

1: Instituting a completely disciplined trading approach
2: learning how to release yourself from the negative emotional energy stored in the memories of past trading experience.

The disciplined approach will naturally help you develop the degree of self trust essential to function effectively in a environment that does not provide any external constraints to limit or control your behaviour, as society does. Without discipline you will be at the mercy of your own unrestrained impulses and basically out of control

Self discipline= Self trust
Which will cancel out your own fear and unpredictability of your own behaviour.

It would be ludicrous to think that you could understand the markets behaviour to any degree greater than you understand your own behaviour first

The Lord did not make us in fear so stop worry about what the market will do to you if you trust yourself to act appropriately under any market condition.

Learning this is essential for any trader to gain the level of confidence to be successful
Come see 👀
............
http://specialopsbootcamp-es2.eventbrite.com/?rank=14

EURUSD Pending Home Sales

 is released every month, and provides analysts with a snapshot of activity in the housing sector. A higher reading than the forecast is bullish for the dollar.

Here are all the details, and 5 possible outcomes for EUR/USD.

Published on Wednesday at 14:00 GMT.

Indicator Background

As a home purchase is likely the most expensive purchase a consumer will make, the indicator provides an important measure of consumer confidence and the health of the US economy.

Pending Home Sales has been erratic, making accurate forecasts a tricky task. In the April reading, the indicator climbed 1.5%, beating the estimate of 1.1%. The forecast for the upcoming reading stands at 1.3%. If the indicator does remain in positive territory, it will be the first time it has posted consecutive gains since December.

Daily

he Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

4hr

Sentiments and levels

The markets have been focusing on the tapering question in the US and the crash of the Japanese stock market. The US dollar has enjoyed some support from growing speculation that the Federal reserve may scale back the current round of QE. The euro remains under pressure, given the weak GDP numbers,talk about negative rates and even the call for the ECB to “manage the euro lower“. The deep issues in Italy and Spain were never resolved, and could once again cause a crisis in the Eurozone.

In the US, the mixed numbers continue, but we are seeing some improvement nevertheless –  better than expected new home sales, a drop in jobless claims and a rise in durable goods orders provide support for tapering QE sooner than later. While the timing remains open, it seems more probable that the next move of the Fed will be to reduce bond buys rather than to increase them. Such a move should give a boost to the US dollar. So, the overall sentiment is bearish on EUR/USD towards this release.

1hrs

Technical levels, from top to bottom: 1.3000, 1.2960, 1.2890, 1.2840 1.28 and 1.2750.

5 Scenarios  

1. Within expectations: -1.5% to 3.5%: In such a case, the EUR/USD is likely to move within range, with a small chance of breaking higher.
2. Above expectations: 3.6% to 5.6%: An unexpected strong increase could send EUR/USD below one support level.
3. Well above expectations: Above 5.6%: A sharp spike in the indicator could push the pair below two or more support levels.
4. Below expectations: -3.6% to -1.6%: A weaker reading than forecast could push the EUR/USD above one resistance level.
5. Well below expectations: Below -3.6%: A sharp contraction would likely hurt the US dollar, and we could see the pair push above two or more resistance levels.

http://www.forexcrunch.com

Charts By Timelessfx

special Ops Camp

It doesn’t matter if Gold or then euro goes up…

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Remind yourself and friends That if you have the nerve, cash pile and correct strategy for it, you could make an awful lot of money in a very short space of time…

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That’s why I’m offering to walk you through them, step by step, in this completely FREE 1 day work shop for you to ask question and team up with pals and put a name to the face.

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Date 25th may 2013
Time 12.00 0'clock till 1.30
9 The Matrix's Building
London
EC3N 1AH
Get to Liverpool Street then take the metropolitan line to Algate station

Doing a work shop tomorrow 12.00pm

Doing a work shop tomorrow 12.00pm

9 The Matrix's Building
London
EC3N 1AH
Get to Liverpool Street then take the metropolitan line to Algate station

Germany IFO Business

Germany IFO Business
Climate is released above expectation
Actual : 105.7 Consensus : 104.5 Previous
Mario Draghi comments yesterday evening has also buyer European Markets

Mario Draghi : The euro zone economy is improving the EuroZone + the Euro is more stable than a year ago

What this means is that Eurozone improving more stable than a year ago

Afternoon update

On going concerns are building that fed may begin to taper off its QE program. Could today be the start of a correction week

precaution metals
Precious metals are also the key Focus for the is session
Sliver prices dropped 9%
Gold Prices dropped 2.% Asian trading
IBM also won too ok at

Oil Daily

Mining stocks

Mining stocks have taken a hit today Rio Tinto + BHP Billiton key Asset
reports from South Africa said that workers are seeing a 60% increase in wages
Economics : Japan Nikkei closed at a Fresh Five and Half Year High This morning
The question is : will the same momentum be carried over the European trading session

Gold Daily and 4hrs

Daily 

4hrs 

EURUSD Can you see the Weekly Head And Shoulders take a Peak

Exchange rate of NY time at the end of last week, the dollar yen achieved put 103 yen since October 2008.Important economic indicators such as employment and U.S. housing falls below the market expectations across the board, I met with just when concern had spread to the U.S. economy, U.S. May University of Michigan consumer confidence, which was announced at the end of last week is much higher than expected that it has become a good result is seen as a surprise, it was the boost the dollar yen.

Weekly Head and shoulders 

Daily  Breach of 161.8 fib Heavily over sold Could we see a bounce or will be continue to Free Fall

4hr Time Fame can see a Bullish Crab and Bullish wedge  Patter a Break out may indicate a push to the weelky Pivot @ 1.2884 Sniper Zone  a break of this will get the bulls under way for 1.2973 /1.2998 Weekly 50% line

EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD.

Eurozone economic data was hit by a constant flow of disappointing GDP numbers, dragging the 17-country currency bloc to its longest-ever recession. Germany the leading force in Europe failed to meet market expectations, growing a mere 0.1% in March. France contracted 0.2% in March and officially fell back to recession. The EU as a whole declined by 0.2%. Is the recovery awaiting us in H2 as the ECB estimates? In the meantime, the central bank continues to check out the possibility of a negative deposit rate, and this weighs on the euro. In the US,data hasn’t been all rosy, but the economy continues growing.

EUR/USD daily graph with support and resistance lines on it. Click to enlarge:

1. German PPI: Tuesday, 6:00. Manufacturers’ products inflation in Germany declined in March 0.2% on a monthly bases, following a 0.1% drop in February, driven by falling energy prices. Analysts expected a 0.1% climb. On a yearly basis, PPI gained 0.4% in March. A smaller drop of 0.1% is forecast. Lower inflation (now confirmed for the euro-zone) was one of the triggers for the rate cut.
2. EU Economic Summit: Wednesday. European Union leaders will gather in Brussels under Irish presidency and discuss pressing budget and foreign policy issues of early 2013 and on to other challenges in the “European Council Priorities up to 2014.
3. Current Account: Wednesday, 8:00.  The euro zone’s current account surplus grew in February to EUR16.3 billion from EUR13.8 billion the previous month due to increased trade. January’s current account surplus was revised down to EUR13.8 billion from an initial estimate of EUR14.8 billion published in the previous month. A decline to EUR14.2 billion is expected now.
4. Flash Manufacturing and services PMIs: Thursday: France begins at 7:00, Germany is next at 7:30 and figures for the euro-zone are released at 8:00. A sharp decline was registered in German business activity in April, down to 47.9 from 49 in March, while economists expected a reading of 49.0. Another decline occurred in Germany’s service sector, falling to 49.2 in April from 50.9 in the previous month raising concerns that the strongest EU nation is affected by the general slowdown. Meanwhile French figures were more optimistic. The manufacturing sector increased 0.4 points to 44.4, above predictions for a 44.2 reading and the service sector edged up to 44.1 from 41.3 in March, raising hopes of an emerging recovery process. Furthermore, Markit’s flash euro zone services PMI, rose to 46.6 in April from 46.4 in March, but the manufacturing sector declined slightly to 46.5 from 46.8 in March, still below the 50 point line, however, signaling that the worst is over. French Manufacturing PMI is expected to improve to 44.8 and the Service sector to climb to 11.7; German Manufacturing PMI is expected to reach 47.9 while the service sector is expected to cross the 50p point line reaching 50.2. Finally the Eurozone is also expected to improve with the manufacturing sector reaching 47.1 and the services sector reaching 47.4.
5. Consumer Confidence: Thursday, 14:00. Consumer sentiment in the euro zone improved in April, rising to -22.3 from -23.5 in March. The reading was higher than the -23.85 estimated by analysts. The same reading is predicted now.
6. GfK German Consumer Climate: Friday, 6:00.  German consumers were more optimistic in May amid a strong jobs market and high expectations of salary rises. The reading was 0.2% higher than in April, beating market forecast of a 5.9 reading. However, consumers did turn more pessimistic about the general economic outlook after three months of improvements, in line with recent news from retailers. No change is forecast this time.
7. German Ifo Business Climate: Friday, 8:00. German business sentiment declined to 104.4 in April, down from 106.7 in March, down for the second consecutive month. The reading was well below the 106.4 estimated by analysts. German economy resisted the Eurozone crisis but was eventually dragged down by the lasting recession. The sharp drop may ruin changes of a substantial recovery this year. A rise to 104.6 is expected now.
8. Belgium NBB Business Climate: Friday, 13:00. Belgian business confidence remained nearly unchanged in April improving by a mere 0.3 points to -14.7. Analysts expected a stronger reading of 14.3 points. A further rise to -13.4 is expected this time. 

USDJPY JPY GDP Charts 4hr and hourly see results

was not quite sure what would happen with the mixed data that came out as Mr Price ranged so i decided to hedge 

Hugh Advantage when trading Binary especially when it comes to hedge you're bets.

Come trade with me and  and i'll show you how drop me a line, Kasim@onetwotrade.com

c you soon

Reportedly, Google Inc. (GOOG), the world's most popular Internet search engine provider, plans to launch a subscription-based music streaming service to challenge companies such as Spotify Ltd. that offer a similar kind of service to music lovers.

Launched in Oct 2008, Spotify Ltd. is a music streaming service provider with about 20 million users, a quarter of which are paid users with monthly subscriptions of $4.99–$9.99. Spotify Ltd. offers music from major record labels such as Sony Corp. (SNE), EMI, Warner Music Group and Universal.

As reported, Google’s subscription services will be connected to Google Play, its online media hub that lets users upload as many as 20,000 songs to the cloud and listen to them on their Android devices or online. Additionally, Google has signed licensing agreements with Universal Music Group, Sony Music Entertainment and Warner Music Group to give people unlimited access to their songs for a yet-undisclosed fee.

With this move, Google appears to be tapping the potential in the music streaming market, which is expected to be one of the fastest-growing markets over the next few years. According to data compiled by ABI Research and the NPD Group, music-streaming services are set for rapid expansion over the next five years due to the increasing use of mobile phones. The report states that the growth of streaming services comes at a time when digital sales are relatively stagnant.

The competition in the music streaming market is getting fierce. The market is already crowded with companies like Spotify, Deezer and Rdio whose streaming services are quite popular.

According to the NPD Group, 39% of the listeners in the age group of 13-35 years use Pandora’s streaming music service in the fourth quarter of 2012, 11% use iHeartRadio streaming service, 9% are Spotify users whereas the remaining users tune into other services. Also, Apple (AAPL) and Amazon (AMZN) are vying for a share of the pie by launching similar streaming services.

IBM

DUBLIN, May 15, 2013 /PRNewswire/ -- eHealth Week Conference -- IBM (NYSE: IBM) announced today that it is working with Catalan Institute of Health (ICS), a major health provider in Catalonia, Spain, on a new care coordination pilot program, delivering a single patient view from large volumes of Big Data and making it easier for multiple providers – doctors, nurses, social workers – to coordinate care.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

Since 60 percent of Catalonia's population over 65 has chronic diseases and consumes 70 percent of the region's healthcare resources, the Catalonian government is tackling the problem through more coordinated chronic disease management. The government is working closely with ICS, a system of eight hospitals and 470 primary care units that provides healthcare services to the more than seven million citizens of Catalonia. 

The pilot with ICS requires a solution that enables a shared, holistic view of each patient, helping pull together information from several data sources and many custom and commercial applications. Also important is the ability to create and manage individualized care plans based on patient assessment results to support care delivery in home settings, reassessments, referrals and collaboration among numerous care and social services providers. 

"We understand the importance of the joint action between professionals across different service levels and its positive effects on the health outcomes of the patients being cared for, in the quality of the care provided and in the use of healthcare and social resources," said Jaume Benavent, deputy director of Health Affaires, ICS.

The pilot program, serving more than 150 patients in complex health conditions, is taking place in treatment centers, labs, primary care centers and hospitals. The end goal is to provide caregivers with the ability to perform holistic and systematic assessments of patients to determine their level of needs across different factors such as daily living, nutritional and social care needs.

"When it comes to treating chronic conditions, there are so many providers and care givers involved to ensure patients receive the best possible care," said Javier Olaizola, IBM Spain Healthcare Industry Leader.  "Catalonia is taking a forward-looking approach to integrating vital data and allowing coordinated care across social and clinical communities."

The system includes IBM Cúram Social Program Management and Outcome Management software and IBM WebSphere.

IBM's Smarter Care offerings help healthcare providers, public and private payers, life sciences, and social programs/benefits providers deliver holistic and individualized care to citizens.  Combining content and Big Data predictive analytics, cognitive capabilities and industry specific services, Smarter Care uncovers valuable insights into social determinants, lifestyle choices and clinical factors, helping lower costs, enhance quality and improve outcomes.

For more information about IBM

EURUSD: German ZEW Economic Sentiment and GDP figures are thehighlights of this week

 A reversal of its past week decline could occur if it fails to follows through on its current bearishness. This will open up further upside risk towards the 1.3242 level in the new week. 

German ZEW Economic Sentiment and GDP figures are the highlights of this week.  Here is an outlook on the events and an updated technical analysis for EUR/USD, now on lower ground.

1. Eurogroup Meetings: Monday. Eurogroup meetings will be held in Brussels, attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They will discuss the Cypriot rescue package and the ways to strengthen the EU’s monetary union to prevent the recurrence of a future financial crisis.
2. German Final CPI: Tuesday, 7:00. German monthly inflation rate was in line with predictions, rising 0.5% in March, following the same figure in the previous month. Meanwhile the annual inflation in March increased at a two- year low of 1.4%, below the 1.5% rise in February. A decline of 0.5% is expected now. Low inflaiton in Germany was certainly one of the triggers for the rate cut.
3. German ZEW Economic Sentiment: Tuesday, 10:00. The ZEW Economic Sentiment survey revealed that the economic climate plunged in April, due to rising pessimism on future economic conditions. The reading fell 12.2 points to 36.3, while expected a milder decline to 42 points. All in all, financial market forecasts remain confident but are less optimistic than they have been in the previous month. A rise to 40.7 is estimated. Economic predictions for the Eurozone continued to worsen in April, dropping to 24.9 from 33.4 in the preceding month, while analysts expected a smaller decline to 31.5 points. An improvement to 27.3 is expected now
4. Industrial Production : Tuesday, 10:00. Industrial output in the euro zone edged up more than expected in February, rising by 0.4% from a 0.6% decline in January. Economists expected the index to rise by 0.3%. The monthly indicator is volatile; however the yearly measure shows industry continues to suffer from the region’s fiscal crisis. A gain of 0.6% is predicted now. Germany’s industrial production was a positive surprise.
5. ECOFIN Meetings: Tuesday. Economic and Financial Affairs Council (ECOFIN), composed of Finance Ministers from EU member states.  The Council meets monthly to discuss budgetary issues.  The committee will try to reach an agreed framework for the recovery and resolution of credit institutions and investment firms. This plan is part of a broader plan to establish a banking union.
6. GDP figures: Wednesday: France begins at 5:30, Germany at 6:00, Italy at 8:00 and the euro-zone at 9:00. The Eurozone experienced its third consecutive quarter of decline at the end of 2012 amid weaker exports in Germany and France, deepening the regional recession and pushing unemployment to record highs. GDP in the Eurozone contracted by 0.6% after a 0.1% decline in the third quarter, worse than the  0.4% drop anticipated by analysts. The state of the region’s biggest economies Germany, France, Italy and Spain worsened compared to the third quarter. Germany contracted 0.6% from 0.2% expansion in the previous quarter, France’s economy shrank by 0.3% and Italian economy plunged 0.9% from 0.2% decline in the third quarter. Overall demand has weakened due to austerity measures prompting households and businesses to cut their spending. France is expected to contract by 0.1%, Germany is expected to expand by 0.3%, Italy is predicted to contract by 0.4% and the Eurozone is anticipated to contract by 0.1%.
7. French Non-Farm Payrolls: Thursday, 7:45. French non-farm payrolls declined in the last quarter of 2012, down 0.2%, from a -0.3% drop in the preceding quarter. The reading was in line with market expectations. A decline of 0.3% is anticipated.
8. Inflation data: Thursday, 10:00. The inflation rate declined in the Eurozone for the second consecutive month in March, reaching 1.7% from 1.8% in February. The lowest annual inflation was registered in Greece, with an inflation rate of minus 0.2%. CPI is expected to increase by 1.2% (like the initial read) and Core CPI is predicted to gain 1.0%

Gold Amazing Sniper Zones 4 hour and 1hour time Frames

Gold👀

Very unpredictable looking for significant Levels Penitential sniper Zone illustrated in Chart

Investing.com - Gold prices took a nosedive in U.S. trading on Friday as investors snapped up dollar positions ahead of a Group of Seven meeting of finance ministers and central bankers taking place in the U.K. this weekend.

Uncertainty over policy stances on stimulus tools, which weaken paper currencies to spur recovery, bolstered the dollar's safe-haven appeal.

Gold and the dollar traditionally trade inversely from one another.

A surging dollar sent gold falling, especially on uncertainty as to when the Federal Reserve will wind down stimulus programs.

The Fed is currently running a USD85 billion monthly asset-purchasing program, which weakens the greenback to spur recovery.

Better-than-expected jobless claims released on Thursday also bolstered the dollar's appeal.

The Department of Labor reported Thursday that the number of individuals filing for initial jobless claims in the U.S. last week fell by 4,000 to 323,000, defying expectations for an increase of 8,000 to 335,000.

Last week, the Bureau of Labor Statistics reported that U.S. economy added 165,000 nonfarm payrolls in April, up from 138,000 in March, whose figure was revised up from 88,000.

Elsewhere on the Comex, silver for July delivery was down 1.16% at USD23.633 a troy ounce, while copper for July delivery was up 0.40% and trading at USD3.354 a pound.

Audusd updated Charts Below a bounce may be Due

Monday 14 05 2013

Audusd:Investing.com - The Australian dollar traded slightly lower against its U.S. rival during Friday’s Asian amid speculation the Aussie is poised to fall back to parity with the greenback.

In Asian trading Friday, AUD/USD inched lower by 0.06% 1.0086. That took the Aussie through old support at 1.0165. It now faces resistance at 1.0307, the high of May 6.

An Australian press report out Friday revealed parity between the Australian and U.S. dollars is becoming a legitimate concern. That news comes on the heels of the revelation earlier this week that billionaire financier George Soros has taken a large short position in the Aussie.

Soon after the news about Soros shorting the Aussie broke, hedge fund manager Stanley Druckenmiller also announced a bearish view on the Australian dollar. Druckenmiller made his comments at the Ira Sohn investment conference in New York.

Friday’s slight weakness in AUD/USD comes just a day after data showed the number of employed people in Australia rose by 50,100 in April, official data showed, far more than the expected 12,000 increase, after a 31,200 decline the previous month.

A separate report showed that Australia's unemployment rate ticked down to 5.5% last month, from 5.6% in March. Analysts had expected the unemployment rate to remain unchanged in April.

Earlier this week, the Reserve Bank of Australia lowered interest rates to 2.75% from 3%, perhaps in an effort to give Australian exporters some relief from the strong dollar. The Australian dollar has been the best-performing developed market currency against the greenback since the global financial crisis.


16/05/2013

- The AUD/USD finished the session slightly lower, down 16 pips at 0.9880. It was a volatile day for the pair which at one point traded as low as 0.9852. The economic calendar in the coming session will be limited to the RBA Foreign Exchange Transaction release due out at 1:30GMT. However, the US Calendar will be extremely busy with CPI, Housing Starts, Building Permits, and the Philadelphia Fed Survey all due out in the coming session.

From a technical perspective, the longer term trend remains lower and the pair is sitting just above a critical support trend line (0.9880) which is the lower boundary of a massive ‘pennant’ pattern which has been forming since late July 2011. However, in the short term a counter trend bounce may be due.

Looking at the 1 hour chart, it appears an inverse head and shoulders bottom is forming which could help send prices back up towards the 0.9990 level (note the pair would need an hourly close above the neckline at 0.9920 to confirm the pattern). Furthermore, there are a number of bullish divergences setting up between price and momentum (RSI) which may be a sign that downside momentum has run out for the time being.

EBAYchart update

eBay:In March 2013, eBay (NASDAQ: EBAY) laid down aggressive targets for increasing its revenue. PayPal, which accounted for 40% of its 2012 revenues and reported 25% growth, will be the key factor in eBay’s future growth. But there's also another factor: The company aims to drive this growth by expanding globally and luring customers through its mobile technology.

The company announced plans to achieve $300 billion in e-commerce volumes by 2013, representing a 70% increase from its 2012 numbers. It seems to be on the right track to achieve this target as seen from its recent first-quarter results. Its first-quarter revenues increased 14% to $3.7 billion and included a 19% increase in its e-commerce volumes driven by growth in its mobile business and international markets. Its plans include a 15% to 19% annual revenue increase and 69% revenue growth by the end of three years.

Rio:LONDON CHART INC

Rio:LONDON -- Successful investors use a disciplined approach to picking stocks, and checklists can be a great way to make sure you've covered all the bases.
In this series I'm subjecting companies to scrutiny under five headings: prospects, performance, management, safety and valuation. How does Rio Tinto (LSE: RIO) (NYSE: RIO) measure up?
1. Prospects
Rio is a diversified miner, but around 80-85% of earnings come from iron ore and 10% from copper.

The decade-long mining super-cycle is ending. Slowing growth in China and rebalancing of the economy away from infrastructure and toward consumption is tempering demand for both iron ore and copper.


Typical of a cyclical sector, supply has been increasing so iron ore will move into surplus production next year, putting further pressure on prices. Nevertheless, Rio is expanding its giant Australian Pilbara mine. It's a low-cost producer and will weather a downturn better than some rivals.
Like all the miners, Rio is cutting operating costs and capital expenditure, eschewing riskier development projects and the big acquisitions of past years.
2. Performance
Rio's return on capital employed has oscillated between 13% and 30% over the past eight years, somewhat below BHP Billiton's record of 25% to 40%, though somewhat better thanAnglo American's.

Results were hit in 2009 after Rio overpaid for aluminium miner Alcan, and writedowns on those assets sent the firm into the red last year.
3. Management
Long-time former CEO Tom Albanese departed as a result, replaced by Sam Walsh. Similar to other new CEOs in the sector, he's an operational manager rather than a deal-maker. He has a good reputation and has promised to prioritise shareholder returns, with a big cost-cutting programme and asset sales already in train.

The long-serving finance director plans to leave by the end of the year.
4. Safety
Rio's geographically diversified operations, largely in stable regions such as Australia and North America, provide a margin of safety. The lifetime of existing resources, some 20-years' worth, adds more.

Net gearing of 42% is reasonable, and interest cover is a healthy 13 times. Half of the share price is represented by tangible net assets.
Cash flow comfortably covers interest, tax and dividends but lumpy capex is financed by borrowings in some years, including 2012.
5. Valuation
A historic price-to-earnings (P/E) ratio of 7.9 is in line with peers BHP and Anglo American, and substantially lower than historic ratings, reflecting the industry downturn.

However analysts are anticipating earnings per share (EPS) growth at Rio against significant declines at the other two, putting Rio on a more favourable forward P/E. The dividend yield is 3.7%.
Conclusion
Miners are facing challenging times ahead, but Rio is well placed to weather the storm and is relatively cheap.

Canadian unemployment rate released at 13.30pm today

Sniper Zone Levels ahead of unemployment rate

Sniper RR=1.006538
Sniper SS= 1.005017

Also dollar hit yen century for the 1st time in four years

Economics

Canadian unemployment rate released at 13.30pm today 

Actual :.... Consensus 7.2% Previous :7.2% 

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Disney Blows my Charts

The Walt Disney Company and EA Announce Multi-Year Star Wars Games Agreement

Deal will bring new Star Wars games to fans across the most popular gaming genres and platforms

BURBANK, Calif. & REDWOOD CITY, Calif.--(BUSINESS WIRE)-- The Walt Disney Company (NYS: DIS) and Electronic Arts Inc. (NAS: EA) today announced a new multi-year exclusive licensing agreement to develop and publish globally new games based on Star Wars characters and storylines.

Under the agreement, EA will develop and publish new Star Wars titles for a core gaming audience, spanning all interactive platforms and the most popular game genres, while Disney will retain certain rights to develop new titles within the mobile, social, tablet and online game categories.
"This agreement demonstrates our commitment to creating quality game experiences that drive the popularity of the Star Wars franchise for years to come," said John Pleasants, Co-President of Disney Interactive. "Collaborating with one of the world's premier game developers will allow us to bring an amazing portfolio of new Star Wars titles to our fans around the world."

"Every developer dreams of creating games for the Star Wars universe," said EA Labels President Frank Gibeau. "Three of our top studios will fulfill that dream, crafting epic adventures for Star Wars fans. DICE and Visceral will produce new games, joining the BioWare team which continues to develop for the Star Wars franchise. The new experiences we create may borrow from films, but the games will be entirely original with all new stories and gameplay."
Financial terms of the agreement were not disclosed.

Pfizer start to sell its famous pill, directly to customers through its website.

In an unprecedented move for the pharmaceutical drug industry, Pfizer Inc. (NYSE:PFE) will begin selling its popular erectile dysfunction pill Viagra directly to patients on its website.

While men will still need a prescription to buy the popular blue pill on Viagra.com, they will no longer need to visit a pharmacist to get it filled. Pfizer is offering three free pills with the first online purchase and 30 percent off the second one as a part of its promotion.

The world’s second largest drugmaker is moving its Viagra operation online in response to competitor online pharmacies that distribute counterfeit versions of Viagra and other brand-name drugs for up to 95 percent off with no prescription needed, according to the Associated Press.

The move is a major disruption to the drug industry's current distribution model, which sees drugmakers sell their products in bulk to wholesalers, who then distribute the drugs to pharmacies, hospitals and doctors' offices.

As investors and other industry drugmakers watch closely to see how Pfizer’s bold move will turn out, its potential success could provoke other industry pushers to do the same with different medicines that are already wildly counterfeited and sold online, i.e., diet drugs, medicines for baldness and birth control pills.
But while the boom of online consumer shopping has coincided with an influx of online prescription drug sales, few shoppers realize that the vast majority of online pharmacies are illegitimate sites.

A January study by the National Association of Boards of Pharmacy, which accredits online pharmacies, found that only 257 of 10,275 online pharmacy sites it examined appeared legitimate.

Pfizer, which invented the term "erectile dysfunction," has long been aggressive in fighting counterfeiters, conducts undercover investigations and works with authorities around the globe, according to the Associated Press.
Viagra, which accounted for $2 billion of Pfizer’s worldwide revenue last year, is the companies most counterfeited drug in the U.S.

A 2011 study, as cited by AP, in which Pfizer bought "Viagra" from 22 popular Internet pharmacies and tested the pills, found 77 percent were counterfeit. Most had half or less of the promised level of the active ingredient.
Many of the illegitimate sites claim to sell “generic” versions of Viagra, even when there is no such thing. Pfizer has patents giving it the exclusive right to sell Viagra until 2020 in the U.S. and for many years in other countries.