Monday, October 12, 2009
StockReflex: Stock Market Analysis Tool
StockReflex is a stock market analysis tool that allows you practice trading by replaying historical stock data in various market sectors. This software is equipped with the Trend Lines that will help you to see when a stock breaks out or breaks down, Technical Indicators like EMA, RSI, Stochastics, Bollinger bands, MACD and DMI. Another features are Virtual Money, Moving Averages,
Kuwait wants Gulf currency delay
Kuwait has called for the launch of a Gulf monetary union and single currency - due in 2010 - to be delayed so it could address "technical issues".
Kuwait, Saudi Arabia, Qatar and Bahrain signed an accord in June to create a joint monetary union council as a prelude to a Gulf central bank.
This would be followed by the launch of a single currency, though observers said the target date was optimistic.
United Arab Emirates and Oman withdrew from the project earlier this year.
These withdrawals dealt a blow to further economic integration in the oil-rich region.
The UAE objected to the Saudi capital Riyadh being chosen to host the future central bank, and said it would be keeping its own currency, the dirham, which would remain pegged to the dollar.
Meanwhile Oman said it was not ready to meet the preconditions.
Kuwait, Saudi Arabia, Qatar and Bahrain signed an accord in June to create a joint monetary union council as a prelude to a Gulf central bank.
This would be followed by the launch of a single currency, though observers said the target date was optimistic.
United Arab Emirates and Oman withdrew from the project earlier this year.
These withdrawals dealt a blow to further economic integration in the oil-rich region.
The UAE objected to the Saudi capital Riyadh being chosen to host the future central bank, and said it would be keeping its own currency, the dirham, which would remain pegged to the dollar.
Meanwhile Oman said it was not ready to meet the preconditions.
Russia economy 'to shrink 7.5%
Russia's economy will shrink by 7.5% in 2009, President Dmitry Medvedev has said - but claimed Kremlin intervention had prevented a worse decline.
Russia, which is heavily reliant on oil exports, has been hit by the sharp fall in energy prices.
Mr Medvedev said the decline was "very serious" and admitted the government had been surprised at how severely Russia had been hit by the crisis.
Russia, which is heavily reliant on oil exports, has been hit by the sharp fall in energy prices.
Mr Medvedev said the decline was "very serious" and admitted the government had been surprised at how severely Russia had been hit by the crisis.
One billion hits a day on YouTube
YouTube now gets over a billion hits a day, according to a new video blog post by the founder of the website.
Chad Hurley's blog marks the third anniversary of YouTube's controversial acquisition by Google.
The site was bought by Google in 2006 for $1.65bn - a price it later described as "a premium".
Earlier this year YouTube was at the centre of a content row over the amount of royalties it paid to musicians for hosting music videos.
Six months later the dispute was resolved when Google agreed to pay UK royalty collecting body PRS for Music an undisclosed lump sum.
Music videos reappeared for British YouTube visitors in September.
Mr Hurley co-founded the website in 2004 with Steve Chen and Jawed Karim.
They met while employees at online pay service PayPal.
"We wanted to create a place where anyone with a video camera, a computer, and an internet connection can share their life, art, and voice with the world, and in many cases they can make a living from doing so," Mr Hurley said, reflecting on YouTube's original aims.
Chad Hurley's blog marks the third anniversary of YouTube's controversial acquisition by Google.
The site was bought by Google in 2006 for $1.65bn - a price it later described as "a premium".
Earlier this year YouTube was at the centre of a content row over the amount of royalties it paid to musicians for hosting music videos.
Six months later the dispute was resolved when Google agreed to pay UK royalty collecting body PRS for Music an undisclosed lump sum.
Music videos reappeared for British YouTube visitors in September.
Mr Hurley co-founded the website in 2004 with Steve Chen and Jawed Karim.
They met while employees at online pay service PayPal.
"We wanted to create a place where anyone with a video camera, a computer, and an internet connection can share their life, art, and voice with the world, and in many cases they can make a living from doing so," Mr Hurley said, reflecting on YouTube's original aims.
Thursday, October 8, 2009
Global economy expanding says IMF
The global economy is expanding again and financial conditions have improved significantly, the International Monetary Fund (IMF) has said.
But in its latest World Economic Outlook, the IMF said the "pace of recovery is expected to be slow".
It added that the recovery is likely to be "insufficient to decrease unemployment for quite some time".
On Wednesday, the IMF cut its forecast for the amount that banks are likely to lose in bad loans and investments.
The total it expects banks to lose between 2007 and 2010 is now $3.4tn (£2.1tn), down from its previous estimate of $4tn.
This reduction is a direct result of the improved outlook for the global economy.
But in its latest World Economic Outlook, the IMF said the "pace of recovery is expected to be slow".
It added that the recovery is likely to be "insufficient to decrease unemployment for quite some time".
On Wednesday, the IMF cut its forecast for the amount that banks are likely to lose in bad loans and investments.
The total it expects banks to lose between 2007 and 2010 is now $3.4tn (£2.1tn), down from its previous estimate of $4tn.
This reduction is a direct result of the improved outlook for the global economy.
Amazon's Kindle to launch in UK
Amazon's Kindle e-book reader is going on sale in more than 100 countries around the world, including the UK.
The reader has been confined to the US since its launch in November 2007; Amazon expects to have sold a million of the devices by the end of the year.
The global version will run on the 3G network, although Amazon has not specified the networks that will provide connectivity for the devices.
The Kindle store will offer over 200,000 English language titles.
Hundreds of publishers are signed up including Penguin, Faber and Faber, and HarperCollins.
It will also carry more than 85 US and international newspapers and magazines.
The reader has been confined to the US since its launch in November 2007; Amazon expects to have sold a million of the devices by the end of the year.
The global version will run on the 3G network, although Amazon has not specified the networks that will provide connectivity for the devices.
The Kindle store will offer over 200,000 English language titles.
Hundreds of publishers are signed up including Penguin, Faber and Faber, and HarperCollins.
It will also carry more than 85 US and international newspapers and magazines.
Web mail scam propagates itself
The industry-wide phishing scam that has affected popular web mail services such as Hotmail and GMail, is spreading, according to experts.
Security firm Websense says it has noticed a sharp rise in spam emails from Yahoo, Gmail and Hotmail accounts.
This is because infected accounts are sending personalised e-mails to contacts suggesting shopping sites, which are in fact fakes.
Security expert Carl Leonard warned people to be on their guard.
He advised people to check with friends that they had indeed sent the recommendation before visiting any new shopping sites.
He also advised people to check web addresses: they should read https, with the 's' standing for secure.
Security firm Websense says it has noticed a sharp rise in spam emails from Yahoo, Gmail and Hotmail accounts.
This is because infected accounts are sending personalised e-mails to contacts suggesting shopping sites, which are in fact fakes.
Security expert Carl Leonard warned people to be on their guard.
He advised people to check with friends that they had indeed sent the recommendation before visiting any new shopping sites.
He also advised people to check web addresses: they should read https, with the 's' standing for secure.
Gold price returns to fresh high
The price of gold has hit a fresh all-time high of $1,048.40 an ounce after a continued decline in the dollar kept it attractive to investors.
It came a day after having pushed past the previous record of $1,033.9, which was set in March last year.
Analysts said that there was still potential for prices to rise further if the dollar remained weak.
However, there was caution that it may represent a price bubble rather than a sustainably higher gold price.
It came a day after having pushed past the previous record of $1,033.9, which was set in March last year.
Analysts said that there was still potential for prices to rise further if the dollar remained weak.
However, there was caution that it may represent a price bubble rather than a sustainably higher gold price.
HSBC boss says banks owe apology
The entire banking industry "owes the real world an apology", the chairman of HSBC has said.
Stephen Green told BBC World Business Report that a change in culture was needed to improve the public's perception of bankers.
He also said that London was secure as a major financial centre, but would lose market share as Asia developed.
Last month, HSBC announced that its chief executive Michael Geoghan would move to Hong Kong from London.
But Mr Green said the bank's decision did not mean it was turning its back on London.
"Two-thirds of our business is in Asia. It's where we think the centre of gravity of the world's economy is shifting," he said.
Stephen Green told BBC World Business Report that a change in culture was needed to improve the public's perception of bankers.
He also said that London was secure as a major financial centre, but would lose market share as Asia developed.
Last month, HSBC announced that its chief executive Michael Geoghan would move to Hong Kong from London.
But Mr Green said the bank's decision did not mean it was turning its back on London.
"Two-thirds of our business is in Asia. It's where we think the centre of gravity of the world's economy is shifting," he said.
Sunday, October 4, 2009
Stocks fall on weak economic data
US stocks have fallen after weaker-than-expected manufacturing output data increased fears that the economic recovery will be both slow and uneven.
The figures came from the Institute for Supply Management's closely watched purchasing managers index, which fell slightly to 52.6 in September.
While any figure above 50 indicates growth, analysts had expected a reading of 54 after August's 52.9.
The Dow Jones index ended down 2%, its biggest day fall since 2 July.
It closed 203 points lower at 9,509.
The Nasdaq index also declined, falling 3% or 65 points to 2,057.
The figures came from the Institute for Supply Management's closely watched purchasing managers index, which fell slightly to 52.6 in September.
While any figure above 50 indicates growth, analysts had expected a reading of 54 after August's 52.9.
The Dow Jones index ended down 2%, its biggest day fall since 2 July.
It closed 203 points lower at 9,509.
The Nasdaq index also declined, falling 3% or 65 points to 2,057.
Oil drops by 2% on US jobs data
Oil prices have fallen more than 2% after US economic data raised doubts about the speed of global recovery.
The Labor Department said the US economy lost 263,000 jobs in September, which was more than had been expected.
That caused crude oil futures to drop 2.6%, or $1.81, to $69.01 a barrel. Brent crude, traded in London, also shed $1.82 to $67.37.
US stocks and the dollar also fell, as investors had cause to reconsider hopes for a quick economic recovery.
The Labor Department said the US economy lost 263,000 jobs in September, which was more than had been expected.
That caused crude oil futures to drop 2.6%, or $1.81, to $69.01 a barrel. Brent crude, traded in London, also shed $1.82 to $67.37.
US stocks and the dollar also fell, as investors had cause to reconsider hopes for a quick economic recovery.
Robot fish could prevent crashes
Robots that mimic the behaviour of fish have been developed by Japanese car firm Nissan, who believe the technique can be used in crash avoidance systems.
The tiny robots, called Eporo, can move in a fleet without bumping into their travelling companions.
It is the second time the firm has looked to the animal kingdom for inspiration for its designs.
Last year, the manufacturer unveiled its BR23C robot, which was modelled on the behaviour of bumblebees.
The bee also displays anti-collision behaviour but tends to fly solo.
The new three-wheeled robot, which will be shown off at Japanese design fair Ceatec on 6 October, is designed to travel in a group of up to seven vehicles.
Each uses a laser range-finder to measure the distance between obstacle.
The data is constantly shared between peers via radio, allowing the group to travel as a "shoal" without bumping into each other.
The technique allows the cars to travel side-by-side or quickly switch direction as a group.
The tiny robots, called Eporo, can move in a fleet without bumping into their travelling companions.
It is the second time the firm has looked to the animal kingdom for inspiration for its designs.
Last year, the manufacturer unveiled its BR23C robot, which was modelled on the behaviour of bumblebees.
The bee also displays anti-collision behaviour but tends to fly solo.
The new three-wheeled robot, which will be shown off at Japanese design fair Ceatec on 6 October, is designed to travel in a group of up to seven vehicles.
Each uses a laser range-finder to measure the distance between obstacle.
The data is constantly shared between peers via radio, allowing the group to travel as a "shoal" without bumping into each other.
The technique allows the cars to travel side-by-side or quickly switch direction as a group.
Sony shows off 3D TV technology
Sony has shown off a new single-lens camera able to capture 3D images.
The majority of existing 3D set-ups use two-camera systems to record images tailored specifically for the left and right eye of the viewer.
The new camera takes a single image that is split by mirrors and recorded on two sensors, resulting in a "smoother" picture, according to Sony.
The prototype camera will be unveiled at next week's Ceatec electronics show in Tokyo, Japan.
Viewers will be able to watch the 3D images using special polarised glasses. Without them, they will just see normal 2D television, according to the firm.
The majority of existing 3D set-ups use two-camera systems to record images tailored specifically for the left and right eye of the viewer.
The new camera takes a single image that is split by mirrors and recorded on two sensors, resulting in a "smoother" picture, according to Sony.
The prototype camera will be unveiled at next week's Ceatec electronics show in Tokyo, Japan.
Viewers will be able to watch the 3D images using special polarised glasses. Without them, they will just see normal 2D television, according to the firm.
Friday, October 2, 2009
Broadband 'not fit' for future
A study of the global state of broadband has put the UK 25th out of 66 countries in terms of the quality and reach of its networks.
The research for Cisco found that countries such as Latvia and Bulgaria were better prepared than the UK for next-generation net applications.
The UK was listed among countries whose broadband is "meeting needs for today".
South Korea and Japan continue to dominate the league table, largely due to their commitment to fast networks.
In South Korea, for example, the government has promised universal speeds of up to 1Gbps (gigabit per second) by 2012.
The research for Cisco found that countries such as Latvia and Bulgaria were better prepared than the UK for next-generation net applications.
The UK was listed among countries whose broadband is "meeting needs for today".
South Korea and Japan continue to dominate the league table, largely due to their commitment to fast networks.
In South Korea, for example, the government has promised universal speeds of up to 1Gbps (gigabit per second) by 2012.
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