Glaciar Perito Moreno Argentina 2006

Today Latest Market Update :-
Forex: ADP employment lost 254k jobs; GBP/USD falls to 1.6050

After reaching 1.6125, intra-week high, ahead the ADP employment report, GBP/USD has fallen following worst than expected data in September, pair has reacted down and it is trading below 1.6050.

ADP employment in United Stated has lost 254k jobs in September, worst than 200k decreases expected by market but below of 298k losses in August.

Current appreciation is corrective in nature, according to Karen Jones, technical analyst at Commerzbank, who warns about the possibility of a reversal from current levels: "We look for near term corrective rebounds to ideally remain capped by 1.6110/50 (break down point for the top pattern) and while capped here the immediate outlook remains negative."

On the downside, Jones sees the Pound targeting 1.5690/10: "We continue to target initially 1.5690/10 (Fibonacci retracement and the 55 week ma) and then 1.5270. Slightly longer term it should be noted that the top measures to 1.5135."

Fantasy Moon Images

Forex Market in India - Rupee seen weaker as Asian shares slip

India Thursday 24 September 2009: Rupee is expected to weaken on Thursday in line with a slide in Asian shares, with a rebound in dollar against the euro from a one-year low also pushing down the local unit. * The dollar index which measures the dollar’s value against a basket of six major currencies, was 0.41 percent higher at 76.365 at 0249 GMT. * Nifty India stock futures traded in Singapore were down 0.6 percent.
The Morgan Stanley index excluding Japan was down 1 percent. The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a long time. The partially convertible rupee closed at 47.98/48.00 per dollar on Wednesday, slightly weaker than Tuesday’s close of 47.9550/9650. In early deals the rupee rose to 47.85, its highest since Aug. 10, mainly due to a weak dollar overseas.

Beautiful Nature Photography By Nikolaj Lund

Amazing nature landscapes by Nikolaj Lund, semi-pro photographer based in Aarhus, Denmark.In the summer 2008, after winning 2nd prize in Canon`s “The Assignment” in the category “Landscape”, Lund desided to skip the music and go for photography. In september Nikolaj won 2nd prize in “Cultures on my streets” photo competition in Brussels. Enjoy the awesome and very professional nature photos.




















Latest Update :-

NEW YORK (The Street) -- Insurance stocks are the second-most volatile of any industry after banking shares, ensuring there's still money to be made on prudent picks.
TheStreet.com's recommended insurance-stock portfolio from five weeks ago, based on price-to-book value, has surged 50%, compared with a 4.2% gain in the S&P 500 and a 7% increase in the benchmark index's insurance subset. There are still opportunities to be had, as the economy rebounds, pushing up premiums, and as insurers restock capital, giving them a cushion. (Price-to-book value is calculated by taking a company's share price and dividing it by book value per share. Book value is the net asset value of a company, measured by total assets minus intangible assets (patents, goodwill) and liabilities.
Insurers' shares rise and fall frequently, as seen by their so-called beta value of 1.49 versus the S&P 500. Only banking stocks, such as Citigroup and Bank of America, are higher, at 1.51. Industrial companies, represented by General Electric and Boeing, have a beta of 1.08, and consumer staples, which include Wal-Mart and Coca-Cola, are at 0.53.
The star insurance performer was the Phoenix Cos., up 80% over five weeks. PMI Group rose 77%, Conseco increased 76% and Radian Group jumped 75%. Since June 24, Radian has soared almost five-fold.

Dangerous Clouds

A cloud is a large collection of very tiny droplets of water or ice crystals.The droplets are so small and light that they can float in the air.Looking west southwest at a wall cloud that was located south of El Dorado, Oklahoma.









Today Crude Update :-

Crude oil is recording massive gain in the Indian future markets today synchronizing with International front where oil prices witnessed a sharp rally as speculators extended holding, eying more production cut in the OPEC meet this weekend.

On the New York Mercantile Exchange, Crude oil for April delivery lifts up USD 4.70 to settle at USD 47.03 a barrel. Tracking it, MCX Crude oil April contract is trading up by 1.07pct at Rs 2,455 at 10.23a.m after opening at Rs 2,450 a bbl. Crude oil May agreement is also gaining at Rs 2,517 a bbl. Also, NCDEX Crude oil April contract is also trading higher by 5.54pct at Rs 2,457 after opening at Rs 2,447 and Crude oil May contract is moving upward by 3.32pct at Rs 2,521 as compared to its earlier close of Rs 2,440 a bbl.