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Wednesday, September 29, 2010

Record breaking Price of Gold


Wednesday the 29th September, 2010 highly demanded Gold extended its record-breaking streak as investors continue to scoop up the precious metal amid fears about the economy.

Gold futures for December delivery, the most active contract, rose $6.50 to $1,314.80 an ounce in global trading, surpassing its previous intra-day trading high of $1,311.80 reached Tuesday.

 Gold also settled at the record high of $1,310.30 per ounce, $2 higher than the prior record, set on Tuesday.

A falling dollar and mixed economic reports that suggest the recovery is sluggish at best have recently boosted the safe-haven appeal of the precious metal. Gold is up 5.9% this month and has surged nearly 32% year-over-year.

Lending to gold's rally, investors expect the Federal Reserve to buy more U.S. Treasurys in November in a move to stimulate the economy. That act, referred to as quantitative easing, would drive U.S. yields down and make Treasurys and the dollar less attractive safe-haven investments.

At the same time, cost-cutting measures implemented by governments around the world to narrow their fiscal deficits are expected to eat into growth, said Kathy Lien, director of currency research at Global Forex Trading.

"So with the Fed easing monetary policy and growth expected to slow in Europe, investors are not left with many alternatives except for gold," she said in a research note.

Despite the record, gold is still far from its real peak, as measured in dollars adjusted for inflation.

After the Iran hostage crisis and ahead of the Soviet Union invasion of Afghanistan, gold prices hit their true peak on Jan. 21, 1980, when a settlement of $825.50 an ounce translated into an all-time peak of $2,163.62 an ounce in 2009 dollars.

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Tuesday, September 28, 2010

Mindy Cohn presented diamond ring gifts from Angelina Jolie and Brad Pitt.


Mindy Cohn is a very lucky woman !!  Mindy Cohn agreed to be Godmother to two to two of the superstar couple's six children. Mindy always keep good friends with them.  Mindy 44 gifted a four carats diamond ring from Brad Pitt and Angelina Jolie.





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Dancing With the Stars Full Cast Includes Bristol Palin, David Hasselhoff


Dancing With the Stars Full Cast Includes Bristol Palin was visited by a special guest amidst all the celebrity talent on 27th September, Monday night.

Former Alaska Governor and Vice-Presidential candidate Sarah Palin was in the audience at the ABC ballroom to cheer on her daughter, Bristol, who is a contestant on the reality show.

"It's great to see all this courage, joy and exuberance," Palin said in an interview with the show's host Tom Bergeron before Bristol started her routine, according to the Associated Press.

Palin remained silent about the judges,

"It's like a hockey game," she said.
"You're not going to chew out the refs before your team is up."

Bristol danced the quickstep with her partner Mark Ballas, getting 22 of 30 points to move on to the next show.

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Monday, September 27, 2010

Mariah Carey, Fatman Scoop, Jermaine Dupri - It's Like That

Music video by Mariah Carey, Fatman Scoop, Jermaine Dupri performing It's Like That. (C) 2005 The Island Def Jam Music Group and Mariah Carey


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Mariah Carey Takes a Tumble During Live Performance

A very pregnant Mariah Carey performed a concert for a crowd of over 100,000 earlier today. The gig took place at the 2010 Formula 1 Singtel Singapore Grand Prix, where the legendary diva took a brief tumble on stage. She was quickly lifted to her feet again, and carried on with the performance like it was nothing:

When she was went wrong with her outfit, though -- it was Mariah's dancing that went wrong: She slipped in her high heels while striding across the stage and clapping along to her 1992 hit "Make It Happen." A nearby backup dancer quickly rushed to her aid and a smiling Carey made a very quick recovery, telling the crowd, "I did that on purpose."

Her next order of business was to remove the offending footwear. "Someone come out here and take these shoes off," Carey said into her microphone, adding, "Obviously I'm supposed to be barefoot."

When an assistant arrived with a bottle of water, Mariah pointed to her feet and gesticulated repeatedly until her message was clear.

"We love her. She is a darling dear," Carey said of the woman, identifiable as her stylist, Blair. Three dancers helped Carey balance -- and she kept on singing -- while an additional assistant ran out from backstage to help her out of her heels.

Carey is known for beckoning her crew onstage during shows for wardrobe and microphone adjustments. On New Year's Eve in New York last year, she announced, "I need some lipstick real quick and my hair fluffed," and also called in personal assistants to affix her microphone pack and hand her a glass of champagne. "They say I'm a diva so, might as well act like one," she told the crowd at Madison Square Garden.

The singer's predilection for high heels has tripped her up before. She nearly fell down while walking out onstage for a November 2009 appearance on "The Jay Leno Show."
After her show in Singapore last night, Carey rushed out a tweet so fans would know all was well and her good humor was intact. "TY SO much to my fans in Singapore!!!" she tweeted. "Yeah, several hectic moments, (lol!)but I tried to swirl them into festive!.Love+ God Bless."

Fans were extra curious about the fall because of ongoing rumors that Carey is pregnant. Mariah has refused to issue a statement confirming or denying she will be having her first child with husband Nick Cannon. In her only official comment on the matter, Carey said in a statement last month: "I appreciate everyone's well wishes, but I am very superstitious." Referring to her longtime publicist, Carey added: "When the time is right, everyone will know -- even Cindi Berger."

Carey's second Christmas album, "Merry Christmas II You," is due November 2. The disc features four new original songs, including first single "Oh Santa," along with production by Jermaine Dupri and Randy Jackson.





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Monday, September 20, 2010

Forex Means Foreign Currency Exchange Trading

Foreign Exchange Or Currency Market

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends.

Forex trading is used to speculate on the relative strength of one currency against another. The foreign exchange market is an over-the-counter market, which means that it is a decentralised market with no central exchange.

The primary purpose of the foreign exchange market is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import European goods and pay Euros, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and lend (invest in) high-yielding currencies, and which (it has been claimed) may lead to loss of competitiveness in some countries.

In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
Who trades currencies, and why?

There are four types of market participants—banks, brokers, customers, and central banks.

    * Banks and other financial institutions are the biggest participants. They earn profits by buying and selling currencies from and to each other. Roughly two-thirds of all FX transactions involve banks dealing directly with each other.
    * Brokers act as intermediaries between banks. Dealers call them to find out where they can get the best price for currencies. Such arrangements are beneficial since they afford anonymity to the buyer/seller. Brokers earn profit by charging a commission on the transactions they arrange.
    * Customers, mainly large companies, require foreign currency in the course of doing business or making investments. Some even have their own trading desks if their requirements are large. Other types of customers are individuals who buy foreign exchange to travel abroad or make purchases in foreign countries.
    * Central banks, which act on behalf of their governments, sometimes participate in the FX market to influence the value of their currencies.

Daily turnover in the world's currencies comes from two sources:

    * Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
    * Speculation for profit (95%).

Most traders focus on the biggest, most liquid currency pairs, known as "The Majors". These include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.
The foreign exchange market is unique because of its

    * huge trading volume, leading to high liquidity
    * geographical dispersion
    * continuous operation: 24 hours a day except weekends, ie trading from 20:15 GMT on Sunday until 22:00 GMT Friday
    * the variety of factors that affect exchange rates
    * the low margins of relative profit compared with other markets of fixed income
    * the use of leverage to enhance profit margins with respect to account size

Market size and liquidity
http://upload.wikimedia.org/wikipedia/commons/thumb/a/a3/G_foreign_exchange_market_turnover.gif/300px-G_foreign_exchange_market_turnover.gif
Main foreign exchange market turnover, 1988–2007, measured in billions of USD.
Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%. In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.

Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.

FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).

Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues have made it easier for retail traders to trade in the foreign exchange market. In 2006, retail traders constituted over 2% of the whole FX market volumes with an average daily trade volume of over US$50-60 billion (see retail trading platforms). Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 34.1% in April 2007. The ten most active traders account for almost 80% of trading volume, according to the 2008 Euromoney FX survey. These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market taker will buy ("bid") from a wholesale or retail customer. The customer will buy from the market-maker at the higher "ask" price, and will sell at the lower "bid" price, thus giving up the "spread" as the cost of completing the trade. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EURUSD might be 1.2200/1.2203 on a retail broker. Minimum trading size for most deals is usually 100,000 units of base currency, which is a standard "lot".
Financial instruments

Spot
A spot transaction is a two-day delivery transaction (except in the case of trades between the US Dollar, Canadian Dollar, Turkish Lira and Russian Ruble, which settle the next business day), as opposed to the futures contracts, which are usually three months. This trade represents a “direct exchange� between two currencies, has the shortest time frame, involves cash rather than a contract; and interest is not included in the agreed-upon transaction. The data for this study come from the spot market. Spot transactions has the second largest turnover by volume after Swap transactions among all FX transactions in the Global FX market. NNM

Forward
One way to deal with the foreign exchange risk is to engage in a forward transaction. In this transaction, money does not actually change hands until some agreed upon future date. A buyer and seller agree on an exchange rate for any date in the future, and the transaction occurs on that date, regardless of what the market rates are then. The duration of the trade can be a one day, a few days, months or years. Usually the date is decided by both parties.

Future
Foreign currency futures are exchange traded forward transactions with standard contract sizes and maturity dates — for example, $1000 for next November at an agreed rate. Futures are standardized and are usually traded on an exchange created for this purpose. The average contract length is roughly 3 months. Futures contracts are usually inclusive of any interest amounts.

Swap
The most common type of forward transaction is the currency swap. In a swap, two parties exchange currencies for a certain length of time and agree to reverse the transaction at a later date. These are not standardized contracts and are not traded through an exchange.

Option
A foreign exchange option (commonly shortened to just FX option) is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. The FX options market is the deepest, largest and most liquid market for options of any kind in the world..


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http://www.fxtradingstrategy.com/new/Images/table.jpg

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Example 1: GBP/USD Day Trading Strategy

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Tuesday, September 14, 2010

Google's red-hot Android mobile operating system

 Android mobile operating system Google's red-hot is expected to challenge the Symbian OS used by Nokia for global market supremacy by 2014, according to a new Gartner forecast. The research firm predicts Android-based devices will account for 17.6 percent of all smartphones sold this year and 29.6 percent of all shipments in 2014.

IDC likewise expects Android to make global smartphone gains -- growing from a 16.3 percent market share in 2010 to 24.6 percent in 2014. "Phone vendors have been drawn to Android because it allows them to present their own approach to what a smartphone experience can be," said IDC Senior Research Analyst Ramon Llamas. "In addition, users have quickly warmed to Android, comparing it to [Apple's] iOS due to its ease of use and a growing mobile-application storefront."

Rivals Respond

Gartner analysts attribute Android's dramatic rise to marketing and support from communications service providers. "We believe that market share in the OS space will consolidate around a few key OS providers that have the most support from CSPs and developers and strong brand awareness with consumer and enterprise customers," said Roberta Cozza, a principal research analyst at Gartner.

Gartner forecasts that Apple's share of the smartphone market will fall from 15.4 percent this year to 14.9 percent in 2014. Analysts widely see Apple's decision to relax the guidelines for iOS application developers it announced last April as an attempt to mitigate the growing popularity of Android among software designers.

"Developers reacted passionately when these restrictions were announced, and no doubt their reaction was a major factor in Apple's decision to rescind them," said Al Hilwa, director of application software development at IDC. "Mobile-platform choices are rapidly increasing, and developers are famous for shifting their allegiances if they are unloved."

Though Gartner expects Nokia's Symbian OS to continue to lead the smartphone market this year with 40.1 percent of all shipments, the company's hold on the market is expected to slip to 30.2 percent by the end of 2014, putting Android within striking distance. The bad news for Nokia is that Android's gains are likely to be at the high end of the smartphone market -- where handset margins and average selling prices are substantially higher.

This helps explain why Nokia decided last week to replace CEO Olli-Pekka Kallasvuo with Stephen Elop, currently the head of Microsoft's business division. Moreover, the world's leading cell-phone vendor announced Monday that Vice President Anssi Vanjoki, who heads Nokia's mobile-solutions unit, also will be leaving the company.

Microsoft's Smartphone Prospects

Despite Microsoft's rollout of Windows Phone 7, Gartner expects the software giant's share of the global mobile OS market will decline from 4.7 percent this year to 3.9 percent in 2014. However, IDC analysts believe there is still ample room for multiple mobile OS players to grow.

IDC predicts Microsoft's share of the global smartphone market will grow from 6.8 percent in 2010 to 9.8 percent in 2014. "Windows Mobile is expected to regain some of the share it has lost over the past two years," the research firm's analysts noted.

Gartner forecasts that Research In Motion's BlackBerry OS will slide from a global market share of 17.5 percent this year to just 11.7 percent in 2014. By contrast, IDC estimates a 17.9 percent share for RIM in 2010 and 17.3 percent in 2014.

No one smartphone OS will dominate mobile phones in the way Microsoft has with Windows on personal computers, noted IDC Senior Research Analyst Kevin Restivo. "Shorter replacement cycles and an ample feature phone-to-smartphone upgrade opportunity means the smartphone OS market will remain fragmented but healthy for the foreseeable future," Restivo said.

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Eiffel Tower bomb threat was false alarm


Paris' Eiffel Tower and its immediate surroundings have been emptied after bomb threat alarm.
An AP photographer on the site saw several busloads of police officers under the famous tower. An officer on the site says the tower and the nearby Champs de Mars park have been evacuated but has declined to give any other details. About 2,500 people were affected.

Tourists are still on the nearby sidewalks, however, and road traffic continues to circulate.

French media reported that Tuesday's evacuation followed a bomb alert. Further information was not immediately available. Paris police headquarters did not return numerous calls.
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Thursday, September 9, 2010

Anna Paquin & Stephen Moyer Honeymoon in Italy

 Anna Paquin 28 Canadian-born New Zealand actress and Stephen Moyer 41 British Actor tied the knot on August 21 at a low-key Malibu bash,and are now getting away to spend their time together on their Honeymoon.The cauple was spotted Monday September 6, in popular tourist destination Revello, Italy where the True Blood co-stars stopped for a quick picture with two fans.



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Niecy Nash and her boyfriend Jay Tucker gotten engaged


 Niecy Nash and her boyfriend Jay Tucker
Niecy Nash 40 an American comedian and actress gotten engaged her boyfriend Jay Tucker. Niecy announced their engagement at a party with friends and family over the weekend. She also added that they're very very happy and are in love and looking forward to sharing the rest of their lives together.They are Planning to wed in coming May 2011. Niecy was divorced from her first husband, Don Nash in 2007. They have three children.




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Wednesday, September 1, 2010

Jodie Sweetin gives birth to second child girl

Jodie Sweentin  and Morty Coyle
Jodie Lee Ann Sweetin is an American actress, best known for her role as "Stephanie Tanner" on the long running television sitcom Full House. She born on 19 January 1982 , Los Angeles, California, USA. The actress welcomed her second child, a baby girl named Beatrix on Tuesday  with boyfriend Morty Coyle.


Jodie already has a 2-year-old daughter, Zoie, with ex-husband Cody Herpin.

“Jodie was amazing and is doing great,” Coyle told People magazine.



“We are now the proud, excited parents of Miss Beatrix Carlin Sweetin Coyle.”

Beatrix weighed in at 7 lbs., 4 oz. and is 19 inches long.

Jodie announced her pregnancy in last April.







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