ISM Services Gauge in U.S

The Institute for Supply Management’s index of U.S. non-manufacturing businesses, which covers about 90 percent of the economy, rose to 54.7 in November from the prior month’s 54.2, the Tempe, Arizona-based group said today.  ISM! Readings above 50 signal expansion, and estimates ranged from 51 to 54.7. The ISM services survey covers industries ranging from utilities and retailing to housing, health care and finance.

Daily Morning Report 04/12/2012 | Forex Trading Analysis

The Australian Dollar rallied versus the U.S. Dollar as the Reserve Bank of Australia cut the benchmark lending rate by 25 basis points to 3.00 percent which was in-line with market expectations of a 90 percent probability that the RBA would cut the cost of capital today.

Forex Bulletproof 2.0 Patented Striker Technology! The global PMI release period was off to a good start, with outperformance in Asia and mostly floundering in Europe. US failed to hold its own, with its equivalent to the PMI, the ISM Manufacturing index, falling back into contraction, to its lowest official reading of the year. Just when US economic data was turning higher, it now appears to be backpedalling.

Greece offered to buy back as much as 10-billion Euros of bonds issued in a restructuring earlier this year, as an attempt to cut its debt load. The government said they will buy back bonds in a so called Dutch auction, and the government is willing to pay an average maximum purchase price of 34.1% for bonds maturing from 2023 to 2042. 

ECB and BoE are widely expected to maintain their current policy Forex Bulletproof 2.0 Patented Striker Technology! in December, we anticipate the Governing Council to strike a more dovish tone for monetary policy as the deepening recession in the euro-area threatens price stability. ECB President Mario Draghi may show a greater willingness to ease monetary policy further. BoE appears to be slowly moving away from its easing cycle as inflation stubbornly holds above the 2% target.

Daily Afternoon Report 29/11/2012 | Forex Trading Analysis

The U.S. dollar was broadly lower against the other major currencies on Thursday, as hopes for headway in tackling the U.S. fiscal cliff dampened safe haven demand for the greenback ahead of U.S. data on third quarter growth later in the session.

Meanwhile, the euro hit fresh session highs against the U.S. Click Here! dollar on Thursday, after official data showed that the U.S. economy grew at a faster rate than initially estimated during the third quarter of 2012, as export figures were revised up.

As the Commerce Department said, gross domestic product expanded by 2.7% in the three months to September, up from a preliminary estimate of 2.0%, but below expectations for growth of 2.8%.

Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell 393,000 from 416,000 the previous week, slightly less than expectations for a decline to 390,000.

Elsewhere Europe, Italy saw borrowing costs fall sharply at an auction of five and 10-year government bonds on Thursday, with the yield on 10-year bonds down to 4.45%, a two year low and the yield on five-year bonds falling to 3.23%, also a two-year low.

In addition to that, official data showed that the German unemployment rate remained unchanged at 6.9% in November as the number of unemployed people rose by 5,000, better than expectations for an increase of 15,000.

In other news, the Bank of England warned earlier that U.K. banks may not have enough capital put aside to insulate them from future financial market shocks.

Finally, the yen remained under pressure amid expectations that upcoming elections on December 16 will result in growing political pressure on the Bank of Japan to implement more aggressive monetary easing measures.

Later Thursday, German Bundesbank President is due to speak at the Christian Democratic Union Economics Council in Berlin.

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Daily Afternoon Report 28/11/2012 | Forex Trading Analysis

Greece bailout agreement, most of the responding chatter has already been exhausted, and we have been left in today’s European session without a major fundamental story to guide trading. Data showing U.S. consumer confidence at a four-year high also provided a modest boost for the dollar, though a looming budget crisis tempered optimism about the American economy and kept dollar gains in check.

The agreement to provide aid for Greece did not help the market sentiment. In fact, that agreement may fail as the International Monetary Fund did not accept its terms. The inability of the US politicians to find a compromise and avoid the fiscal cliff did not help traders’ confidence either.

The Australian dollar fell against the Japanese yen and the US dollar yesterday and remained soft today. Like its Canadian counterpart, the Aussie managed to strengthen versus the euro.

EUR/USD Technical Analysis 12 October 2012

Japan Opposition Party to Endorse Tax Hike

TOKYO --The opposition Liberal Democratic Party will accept the government's proposed two-step consumption tax increase, aligning itself with the ruling Democratic Party of Japan on the heart of Prime Minister Yoshihiko Noda's package of tax and social security reforms, the Nikkei reported in its Friday morning edition.

On Thursday, LDP policy committee leaders settled on a party line on the tax issue ahead of three-way talks on revising the proposed reform legislation. The party will agree to raise the consumption tax in two stages: first from 5% to 8% in April 2014, then to 10% in October 2015.

The three biggest parties in the Diet--the DPJ, the LDP and the opposition New Komeito--will begin negotiations Friday, aiming to reach a deal by June 15 and vote on the bills in the lower house by June 21, when the legislative session ends.

They will tackle taxes and social security separately, starting with the latter, an issue on which the DPJ and LDP stand further apart. The LDP wants the DPJ to drop some of its defining social security proposals, such as creating a guaranteed minimum pension and eliminating the separate health insurance bracket for the elderly. Should they fail to reach a compromise there, an agreement on the tax hike may fall through.

On the tax hike, the LDP will call for a provision giving the final say to the sitting government six months before the first stage of the tax increase. At the same time, it seeks to drop economic growth targets linked to the tax hike, arguing they would tie the hands of future governments.

To cushion the impact on low-income Japanese, the government and the DPJ are considering an initial round of cash payments, followed in the longer term by refundable tax credits. The LDP is cool to both proposals and will try to push for more targeted, temporary measures.

Despite their rhetoric, both parties had already seen eye to eye on raising the tax to 10%. The LDP has concluded that agreeing to the basic structure of the DPJ's proposed tax hike offers the fastest way to that end. New Komeito, meanwhile, is more likely to accept the parts of the plan that the other two parties agree on.
06-07-12 1920ET

(END) Dow Jones Newswires
June 07, 2012 19:45 ET (23:45 GMT)

Daily Forex Brief London: Tuesday 29th May 2012

Rajoy scuppers Bankia bailout optimism

At yesterday's hastily convened press conference Spanish Prime Minister Rajoy poured some cold water over weekend reports of a EUR 19bn bailout for Bankia, claiming that no decision had yet been taken. Rajoy further contributed to the climate of fear and uncertainty by asserting that Spanish banks did not need recuing (a claim which he surely will regret in due course), while arguing that Spain's debt sustainability problem needed to be resolved. He also argued that the EFSF and ERM ought to be able to recapitalise European banks directly, rather than needing to go through national governments. Unfortunately, Rajoy's latest missive only conflagrated existing paranoia regarding Spain's increasingly desperate financial predicament (see below). The Pandora's Box that is the dodgy loans on the balance sheets of Spanish banks is now spilling forth into full view, and it is every bit as bad as many of us suspected.

Daily Forex Brief London: Friday 25th May 2012

The euro bails out

Markets approach the end of what has been a pretty difficult week. The single currency has made news lows for the year (vs. the USD) and markets have no more faith in the ability of eurozone leaders to quell speculation around a Greek exit as anti-bailout parties retain their lead in the Greek election opinion polls. We've also seen the capitulation of the single currency, something which we talked about earlier this month, where the euro has been the weakest currency in a period of dollar strength, rather than the more traditional high-beta currencies, such as the Aussie. The price action on the single currency this week means that we run the risk of short-covering activity into the weekend. Also, the Swiss franc is worth keeping a small eye on after yesterday's volatility (at least compared to recent activity), which was mostly on the back of - so far - denied rumours of further measures to quell currency strength.

Daily Forex Brief London: Wednesday 16th May 2012

Dollar soars after Greek talks fail

News that ongoing talks amongst politicians in Greece have failed to come up with a coalition government and that new elections will need to be called, has triggered renewed fears that a Greek exit from the eurozone might not be too far away. In response, risk assets are again on the defensive with both traders and investors seeking sanctuary in the US dollar. Overnight, the dollar index stopped just short of its highest level for the year, reaching 81.45. The euro was singled out for especially harsh treatment, falling to 1.27; EUR/GBP dropped to 0.7960, a 3½ year low. Bond yields amongst Europe's southern fiscal miscreants surged once more; the Italian 10yr yield has reached 6.0% for the first time since the end of January. Latam currencies were also savaged; the Mexican peso for instance has dropped 6% against the dollar in just the past two weeks while the BRL is down more than 4%. Likewise, commodities fell hard – the gold price has opened up in London this morning down near USD 1,530 an ounce while WTI is close to USD 92 a barrel. Asian equities have been buffeted; the Kospi and Hang Seng fell 3%. There is very little prospect of the Greek uncertainty ending any time soon. The Greek President has been alerted by the head of the central bank that depositors are increasingly anxious about the safety of their savings and are pulling money out of local banks. Clearly, Greek citizens are not sufficiently reassured by the deposit guarantee scheme which exists in the country. It supposedly guarantees individual deposits with any bank or financial institution up to EUR 100K. The Greek deposit guarantee scheme can also (supposedly) borrow from other schemes around Europe in the event that it has insufficient available funding. No doubt the likes of Germany et al would be aghast if Greece were to put in such a request. Nevertheless, the risk of a significant bank run in Greece is now very real.

Daily Forex Brief London: Tuesday 15th May 2012

Another bad hair day

Yet another bad hair day for risk assets yesterday amidst continuing concerns over a myriad of issues, including the unstable political situation in Greece and ongoing question marks around whether it will remain in the eurozone, the dire state of Spanish banking and sovereign finances, and a sense that the losses registered by the CIO unit at JPMorgan could turn out to be much greater than already disclosed. Also contributing to the uncertain mood was Moody's announcement that it was downgrading 26 Italian banks and worries over whether Greece will pay the holders of a EUR 436m floating rate note which matures today. Gold, a traditional safe-haven in times of distress, has lost its lustre, falling to its lowest level for the year at USD 1.550 an ounce (more on gold below). Instead, it is the greenback that is the preferred destination of those fleeing risk, with the dollar index already up by 2% so far this month. For the dollar bulls, should we see a sustained break of the mid-January high of 81.50 (in the dollar index) then this would provide further encouragement. Indeed, it could justifiably be argued that, against the backdrop of dreadful financial and economic conditions in large parts of Europe, and with China in the midst of a very bumpy landing, the dollar really ought to be performing better than it has done. Another currency that continues to attract buying interest is the pound, with cable steadfast at around the 1.61 level and EUR/GBP now comfortably under 0.80. The single currency fell to 1.2815 overnight, but it has been a remarkably measured sell-off rather than blind panic. Even for the Aussie, which has been under sustained fire all month, the decline through parity was not one of capitulation, notwithstanding the evident determination over recent weeks of traders to eliminate their long positions.

Daily Forex Brief London: Thursday 3rd May 2012

A dark and dismal Europe

A swathe of dismal economic news cast a long shadow across Europe yesterday, beating the single currency lower by nearly 1%. The manufacturing PMIs in the periphery for April were uniformly dreadful, Spain down to 43.6 and Italy to 43.8 (from 47.9 in March). For the latter, the new order balance saw the biggest monthly decline for three years, from 45.7 to 39.2, suggesting that there's not much on the horizon to turn around the fortunes of the manufacturing sector anytime soon. There was also a modest downward revision to the provisional PMI readings for both France and Germany, by 0.4 and 0.1 respectively, to 46.9 and 46.2. As if that wasn't bad enough, the unemployment rate in Italy jumped to a 12yr high of 9.8% in March (9.4% was expected), Germany recorded the largest monthly increase in unemployment (19k) for nearly two years, and the unemployment rate for the euro-area rose to a 15yr high. Today's ECB meeting is therefore extremely timely. At the very least, with recession deepening in a number of Eurozone economies, Mario Draghi and his men must be considering how they can ease financial conditions further. With the US recovery looking more assured these days, it is no wonder that the single currency took yesterday's smorgasbord of shocking news rather badly. It was also worth noting the response of peripheral bond markets to this darker economic landscape – bond yields rose markedly in both Italy and Spain, while the spread to Bunds at the long end widened by around 15bp. Both the dollar and the yen gained from this renewed burst of risk avoidance, while the Aussie dipped back to 1.03.

Daily Forex Brief London: Wednesday 2nd May 2012

A trans-Atlantic good-news story

Genuinely positive stories on the economic front are relatively rare these days, with no fewer than ten of the EU's 27 economies in recession and Australia's central bank forced to cut rates by 50bp yesterday in part because the non-mining economy is contracting. Thankfully, both Germany and America continue to defy the global gloom. In the US, the manufacturing sector is expanding at a respectable pace, propelled by solid growth of both domestic and export orders. Strong automobile-demand is making a significant contribution to the upturn in manufacturing – auto sales in the first quarter were the highest for four years and auto production accounted for roughly one-half of the growth in GDP in Q1. In response to this latest batch of healthy data, the Dow Jones index last night reached its highest level since the end of 2007. Over in Europe, the German labour market continues to forge ahead, with employment up another 37K in March, the 25th consecutive MoM gain. Currencies remain generally becalmed although, with a myriad of important economic releases due over coming days, we can expect volatility to increase. Friday's payrolls figures are critical following last month's disappointment.

Daily Forex Brief London: Tuesday 1st May 2012

RBA boldness should be applauded

Last night's decision by the RBA to lower the cash rate by 50bp to 3.75% ought to be applauded. Faced with an economy which, outside the mining sector, is in recession and with inflation likely to be lower than expected, policy-makers rightly decided that financial conditions needed to be loosened considerably. Australia's central bank would also be concerned by the continued decline in property prices – according to the ABS, established house prices fell by a further 1.1% in the first quarter, the fifth consecutive quarterly decline. More rate cuts are likely to be in the pipeline, judging by the level of term interest rates and the shape of the yield curve. For shorter-term maturities, yields fell by as much as 20bp overnight with the 2yr yield now just 2.8%! Both 5yr and 10yr bond yields fell to record lows. The RBA will also be pleased by the response of the currency, with the Aussie down 1% to just above 1.03. Last night's sudden drop aside, it is worth recognising that the AUD's recent performance has actually been remarkably resilient considering the significant narrowing in interest rate differentials. As we were suggesting yesterday, the key driver for the currency is invariably global risk appetite rather than domestic fundamentals.

Daily Forex Brief London: Friday 27th April 2012

Japan goes further

It seems like some time ago now that Japan threw everything, including the kitchen sink, at the deflation problem. Now they are ripping out the plumbing and anything else they can find to try and escape the deflationary slump which the economy has been suffering from for the best part of the past fourteen years. The latest meeting has seen the Bank of Japan expand its asset purchase-program by a further JPY 10trln (to JPY 40trln). It also chose to extend the maturity of both government and corporate bonds to be purchased under their QE program. It now has an inflation target of 1%, which it remains confident of reaching "in the medium to long term", but that is a long time in central banking terms and markets hold little faith in such a forecast, largely through the bitter experience of recent years (and not only in Japan).

Daily Forex Brief London: Tuesday 17th April 2012

If not for America...

Last month's disappointing payrolls report aside, there is a growing body of evidence that the US recovery is looking both more durable and broad-based these days. For instance, JP Morgan Chase Chief Executive, Jamie Dimon, suggested on Friday when announcing his firm's stellar quarterly earnings results, that the US housing market was "very close to the bottom" and that the debt-service ratio for US households was the lowest in twenty years. He was also upbeat on the state of corporate America, claiming that businesses were cashed up, well-capitalised and generating decent earnings growth. Recently, data published by the Federal Reserve showed that the ratio of liquid assets to short-term liabilities for corporations is now the highest in nearly 60 years! Wells Fargo, another US banking heavyweight, reported that mortgage applications soared 84% in the year ended March. Both JPMorgan and Wells Fargo are themselves in a strong position, having passed the Fed's latest stress tests with flying colours and now able to recommence dividend payments to shareholders. Yesterday's US retail sales were also encouraging, up 0.8% in March after a 1.0% increase in the previous month and a 0.7% rise in January. In Q1, retail spending surged at an annualised pace of almost 8%, or around 6% in real terms. Separately, statistics from the American Bankers Association shows that consumer loan-delinquencies fell in Q4 for the first time since 2004. At the very least, the US economy seems better-equipped to deal with exogenous shocks such as the recent surge in oil prices. Let's hope so – the world economy desperately needs the US to shoulder the growth mantle these days.

HVAC Job Training

What comes to mind when reading "plumber" in the word? Is not someone with tubes or channels or services or sinks, right? A big mistake is that plumbers do not see a very low price and do not give them credit for their contribution to the industry. But we must communicate more shocking facts. Plumbing in the construction sector receive higher wages! You wake up one day with pipes and drainage system knowledge to become a plumber. There is a good training in learning to complete. Apart from this, a plumber can be studied at a technical school or university for the purpose of training.

So basically the teaching model is based on the number of hours devoted to work and class. In general, school hours are about 114. They focus on the study material for math and science subjects. Other than that, they are also taught the laws, rules and regulations relating to plumbing. Once you've done with this part is actually quite boring, you go to real work experience. This is where you start to get real experience in this field. You begin to become familiar with various types of pipes and how to identify and where used. On the way he guides you through the plumbing, including a sink, shower, tub, toilet, drains, etc. Therefore, you are informed about the different systems, such as drainage, disposal system, water treatment system and much more.

All of this information with hands on experience with real situations where you might need to repair an appliance or identify the problem or install pipes and accessories provide a solid basis and foundation of your career.

Now you cannot decide one day today I will begin my workout. You must have a minimum of 18 years to get first hand training. Second, is supposed to be physically able to fit in tight spaces or climb or crawl in confined spaces. It might even be necessary to have acquired a high school diploma or a General Education Diploma. Each state usually has its own eligibility criteria for starting as an apprentice. After training, typically required to pass a licensing exam, and then give you a license to be a plumber and training. This could be the beginning of his independent career if opting for additional training. If you want to go a step further and move up the hierarchy of a management position in his field, would probably be necessary to have some type of additional training or certifications.

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Because he is fluent in several languages ​​can also be a very important technique in your field than you might have to deal with a number of people who do not speak your native language. So, the plumber is not just a joke, you have to work hard like any other profession.

Article Posting through Word Press system

Status: Open 
Selected Providers:
Budget: $30-$250 USD
Created: 03/22/2011 at 22:24 PKT  

Description

We are looking for a freelancer that can post articles to our site using a Word Press management system. This person MUST be reliable & able to post during the day time in the United States and of course familiar with WP. This could develop into a nice part-time job as we have many articles to post per day & growing.

BID FOR THIS PROJECT