The calendar today lacks fundamentals all over the globe making investors anxious for the FOMC decision concerning benchmark interest rates later this week.
Majors were able to hit all time highs yesterday as the dollar weakened.
However, they started to slightly decline and trade within narrow ranges taking the Euro to the 1.4392 level, the Sterling at 2.0642 and the Yen at 114.84.
Tuesday, May 5, 2009
Monday, May 4, 2009
Heatwave causes tree branches to plummet
The RECORD-BREAKING heatwave roasting South Australia is being blamed for a string of accidents involving large gum tree branches snapping off and hurtling to the ground.
SES officials were called out more than 20 times in Adelaide over the weekend after branches fell onto roads and smashed into homes and backyards.
Experts blame the sweltering temperatures which have soared to over 35C.
The so-called "summer limb drop" happens when trees shed their limbs in a bid to reduce water loss from the trunk.
Victoria is also sweltering with temperatures climbing to 37C.
Melbourne can expect blistering conditions to return on Friday with 37C forecast.
SES officials were called out more than 20 times in Adelaide over the weekend after branches fell onto roads and smashed into homes and backyards.
Experts blame the sweltering temperatures which have soared to over 35C.
The so-called "summer limb drop" happens when trees shed their limbs in a bid to reduce water loss from the trunk.
Victoria is also sweltering with temperatures climbing to 37C.
Melbourne can expect blistering conditions to return on Friday with 37C forecast.
Sunday, May 3, 2009
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Friday, May 1, 2009
Rebates Could Be in Your Hands by May
"The idea is to target the money on the people who will spend a large share of it, and to target it on people who are likely to be hurt by an economic downturn."
Most taxpayers could expect a rebate of up to $600 starting in mid-May under the economic aid plan set to go through Congress within weeks. Couples could get twice as much, with even more for most families with children.
All that, however, depends on smooth sailing at the Internal Revenue Service, and the agency already is up to its eyeballs in filings and refunds.
The Treasury Department says that despite the strains of tax filing season, the IRS will be able to begin delivering the payments within 60 days after President Obama signs the plan into law, and complete the process in approximately 10 weeks, possibly sooner.
The payments, however, would come separately from regular tax refunds.
Most taxpayers could expect a rebate of up to $600 starting in mid-May under the economic aid plan set to go through Congress within weeks. Couples could get twice as much, with even more for most families with children.
All that, however, depends on smooth sailing at the Internal Revenue Service, and the agency already is up to its eyeballs in filings and refunds.
The Treasury Department says that despite the strains of tax filing season, the IRS will be able to begin delivering the payments within 60 days after President Obama signs the plan into law, and complete the process in approximately 10 weeks, possibly sooner.
The payments, however, would come separately from regular tax refunds.
Thursday, April 30, 2009
Jennifer Aniston Freezes Her Eggs!
Angelina Jolie may have secured the headlines over the weekend by finally revealing her much buzzed about baby bump, but Brad Pitt's former ladylove, Jennifer Aniston, quietly made preparations for her own brood.
The 39-year-old isn't pregnant yet, but Star reports she's put her eggs on ice until Mr. Right comes along.
It was a really smart move, because it buys (Jen) a few years to figure it all out, an insider told the magazine.
The pressure has lifted. The insider claims Jennifer could postpone having her first baby until she turns 45, and with ample resources and plenty of stamina, the actress isn't worried about the wait.
She has loads of energy. She's so rich that she could just hire five nannies!
The 39-year-old isn't pregnant yet, but Star reports she's put her eggs on ice until Mr. Right comes along.
It was a really smart move, because it buys (Jen) a few years to figure it all out, an insider told the magazine.
The pressure has lifted. The insider claims Jennifer could postpone having her first baby until she turns 45, and with ample resources and plenty of stamina, the actress isn't worried about the wait.
She has loads of energy. She's so rich that she could just hire five nannies!
Wednesday, April 29, 2009
Swine Flu Affecting The Water?
LOS ANGELES (AP) - A dozen students complained of feeling sick after drinking bottled water from a junior high school vending machine, but the FBI said Friday that no sign of tampering was found and initial tests detected no contamination.
Students at La Mesa Junior High School in Santa Clarita complained of nausea or discomfort on Thursday. They were examined at hospitals and released, Principal Pete Fries said Friday.
"It was kind of cloudy and it tasted kind of funny," eighth-grader Cody Commons told KTLA-TV from a hospital Thursday night. "A couple hours later I started feeling cramps."
No additional illnesses were reported Friday, Fries said.
"At this time, there's no evidence that the product was deliberately tampered with," FBI spokeswoman Laura Eimiller said Friday.
Two students came separately to the school office Thursday with bottles of Aquafina brand water and complained of being nauseous, Fries said. The students indicated that they bought the water from a school machine and that the bottles seemed properly sealed but the water inside appeared cloudy and had an odd smell.
Other students polled in classes later complained of illness, Fries said.
In all, the 12 students said they drank from eight bottles, Fries said. Two bottles were recovered.
Field tests on the recovered bottles by a Los Angeles County Fire Department hazardous materials team found no trace of ammonia, chlorine or other contaminants, Eimiller said. She added that further tests were planned at a county lab.
The school buys the water from the manufacturer and stocks the machines, the principal said. He said the machines were shut down, the remaining bottled water was pulled and will be replaced with fresh stock.
Jeff Dahncke, spokesman for The Pepsi Bottling Group, which manufactures Aquafina, said there is no evidence any contamination was caused by the company's manufacturing process.
The company collected bottles from the vending machine and there didn't appear to be any adulteration "from a standpoint of the look of the product and the taste," but more comprehensive testing will be conducted, Dahncke said.
"We view this very much as an isolated incident," he said.
Dahncke said the bottles apparently came from a Pepsi plant in Torrance, Calif., that produced some 5,000 cases of Aquafina in a two-day run. Records on hourly testing during the run revealed no indication of contamination, he said.
Aquafina, a leading brand of bottled water, is bottled at Pepsi plants from public water sources using a seven-step purification process, according to the Aquafina Web site.
Students at La Mesa Junior High School in Santa Clarita complained of nausea or discomfort on Thursday. They were examined at hospitals and released, Principal Pete Fries said Friday.
"It was kind of cloudy and it tasted kind of funny," eighth-grader Cody Commons told KTLA-TV from a hospital Thursday night. "A couple hours later I started feeling cramps."
No additional illnesses were reported Friday, Fries said.
"At this time, there's no evidence that the product was deliberately tampered with," FBI spokeswoman Laura Eimiller said Friday.
Two students came separately to the school office Thursday with bottles of Aquafina brand water and complained of being nauseous, Fries said. The students indicated that they bought the water from a school machine and that the bottles seemed properly sealed but the water inside appeared cloudy and had an odd smell.
Other students polled in classes later complained of illness, Fries said.
In all, the 12 students said they drank from eight bottles, Fries said. Two bottles were recovered.
Field tests on the recovered bottles by a Los Angeles County Fire Department hazardous materials team found no trace of ammonia, chlorine or other contaminants, Eimiller said. She added that further tests were planned at a county lab.
The school buys the water from the manufacturer and stocks the machines, the principal said. He said the machines were shut down, the remaining bottled water was pulled and will be replaced with fresh stock.
Jeff Dahncke, spokesman for The Pepsi Bottling Group, which manufactures Aquafina, said there is no evidence any contamination was caused by the company's manufacturing process.
The company collected bottles from the vending machine and there didn't appear to be any adulteration "from a standpoint of the look of the product and the taste," but more comprehensive testing will be conducted, Dahncke said.
"We view this very much as an isolated incident," he said.
Dahncke said the bottles apparently came from a Pepsi plant in Torrance, Calif., that produced some 5,000 cases of Aquafina in a two-day run. Records on hourly testing during the run revealed no indication of contamination, he said.
Aquafina, a leading brand of bottled water, is bottled at Pepsi plants from public water sources using a seven-step purification process, according to the Aquafina Web site.
Tuesday, April 28, 2009
Stock Chart Analysis MCHP
MCHP Microchip Technology Inc. (Public, NASDAQ:MCHP)
While the markets have been looking weak, I noticed more than a few semiconductor equipment stocks tonight with interesting patterns are developing.
There are more then a few that look like they are attempting bottoming patterns.
MCHP is one for instance. Although it has plenty of overhead resistance, the recent action shows the stock still fluctuating.
Over time, however, it is determined to increase in value.
While the markets have been looking weak, I noticed more than a few semiconductor equipment stocks tonight with interesting patterns are developing.
There are more then a few that look like they are attempting bottoming patterns.
MCHP is one for instance. Although it has plenty of overhead resistance, the recent action shows the stock still fluctuating.
Over time, however, it is determined to increase in value.
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