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Brainwashed by the cult of the super-rich



'We are invited to deceive ourselves into believing we are playing for the same stakes while worshipping the same ideals, a process labelled *'aspiration'.'

Followers, in thrall to Harrods and Downton Abbey, repeat the mantra that the greed of a few means prosperity for all

EUR/USD up in Asian trade

The Euro was higher against the U.S. Dollar on Friday.
EUR/USD was trading at 1.3695, up 0.03% at time of writing.

The pair was likely to find support at 1.3656, Tuesday’s low, and resistance at 1.3717, Monday’s high
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8347 and EUR/JPY rising 0.09% to hit 143.65.

EUR/JPY hits 5-year high on hawkish ECB comments (source - investing.com)

The euro strengthened to five-year highs against the yen not on Friday after European Central Bank Governing Council member Jens Weidmann warned against keeping interest rates low.

In U.S. trading on Friday, EUR/JPY was up 0.77% at 144.62, up from a low of 143.44 and off a high of 145.69.
The pair sought to test support at 142.10, Monday's low, and resistance at 146.84, the high from Oct. 3, 2008.
European Central Bank Governing Council member Jens Weidmann said earlier that keeping interest rates low may endanger political reforms.

"We must take care to raise interest rates again in a timely manner should inflation pressures build," he reportedly said, and his comments sent the euro posting strong gains against most major currencies, the yen especially.

Top Baidu



AngelaBaby于1989年出生在上海，中文名杨颖，爷爷是德国人，所以杨颖也拥有四分之一的德国血 统。杨颖自小已随家人到上海定居，在上海的演艺学校学演戏及跳舞。杨颖回香港加入了Talen t Bang，还担任Viva Club Disney主持。杨颖和外婆感情特别深厚，父母一直为工作奔波，在小学一年级时就要自己放学，杨颖还有一 个小自己七岁的弟弟。身为模特和演员，小时候的英文名是Angela，但她身边的人都觉得这个名字的三个音 太难读，加上她有Baby Fat，所以都叫Baby。到她主持迪士尼节目时，用回Angela一名，因不想大家混淆她的名字，才结合 成为Angelababy。

Emotional control is strength.
Productive thoughts is mastery.
Inner peace is power.
All the three brings peace and prosperity to the world.

Forex Traders May Need To Be ‘More Discriminating” With EM Currencies

Strategists say they see potential for further greenback gains against emerging-market currencies, although the biggest moves may have already occurred, says Mark McCormick, forex strategist with Crédit Agricole. Marc Chandler, global head of currency strategy at Brown Brothers Harriman, adds that traders might need to become “more discriminating” in choosing their positions. Both strategists say currencies of countries with large current-account deficits or high short-term liabilities may be most vulnerable, listing Brazil, South Africa, Turkey and Indonesia. McCormick also lists the Indian rupee, although Chandler suggested this currency is “beaten up” and could bounce, particularly if candidates favored by investors fare well in spring elections. Chandler and McCormick are both friendly toward the Mexican peso.

Forex Forecasts: A Rare Long-Term View

When I worked in London's interbank Foreign Exchange market, the Holiday season would usually make me smile. Not the season itself, although the excessive celebration was fun, but the people I would meet during the inevitable round of social parties. Often, once people found out what I did for a living, they'd ask me a question which usually went something like "I'm going on vacation in six months, should I buy my currency now or later?"

Impressive rupee recovery on forex inflows



he rupee has regained about two per cent of its lost value in two weeks, after hitting a historic low of Rs108.57 against the greenback on December 4.

In the week ended December 13, inflows of $505 million from the UK’s Department for International Development, Islamic Development Bank and other multilateral institutions has to be credited, in large part, for the swift comeback of the rupee.

This inflow also boosted the SBP’s forex reserves to about $3.468 billion, from $2.963 billion a week earlier. Pakistan’s overall forex reserves climbed to $8.526 billion from $8.060 billion, according to recently released SBP statistics.

12 Attractive Stocks For 2014 That Performed Superbly In 2013

With a new year upon us, I would pick the same dozen stocks for 2014, as I expect they will again be standout performers for at least the 12 months. Here are the 12 stock picks:

Apple AAPL +0.83% (AAPL), Bank of America BAC -0.95% (BAC), Coca-Cola KO +0.45% (KO), CVS Caremark (CVS), Facebook (FB), Ford (F), Home Depot (HD), McDonald’s (MCD), Pfizer (PFE), TJX Cos. (TJX), United Health Group (UNH), and Walt Disney (DIS).

Major Banks Suspend Traders for Forex Trading Collusion



About a dozen traders from leading international banks have been suspended over allegations that they improperly shared client data and timed trades in a bid to boost profits in foreign currency exchange (Forex) trading.

Sources tell the Wall Street Journal that Citigroup (C), Barclays (BCS), UBS (UBS) and JPMorgan Chase (JPM) have suspended some London-based employees involved in Forex trading. Among the suspensions were three Forex traders who served on a Bank of England committee that monitors London-based Forex trading markets