GBPUSD Down but not Out

GBPUSD Down but not Out


While the current direction for GBPUSD is now down on both the Daily and Weekly charts, the direction on the Monthly chart is still higher, with the July low just below 160.00 the level to watch. Full Story

EUR/USD 1.4306 - 25 August 2009

EUR/USD 1.4306 - 25 August 2009


EUR/USD Open 1.4290 High 1.4353 Low 1.4281 Close 1.4302
On Monday Euro/Dollar traded within a 70 pip range after the significant rise last Friday, descending from 1.4353 to 1.4285, and closing the day at 1.4302. The downward channel may be renewed, indicating failure of ascending impulse and a potential bearish scenario. The signals are expected to be bearish in the short term with targets towards 1.4175. Break bellow that level could lead to further dropping towards 1.4055. But only a consistent movement bellow 1.4175 will confirm the bearish outlook. Immediate resistance is 1.4355, followed by 1.4470. Break above this level may trigger further upward pressure and to lead to further recovery of the European currency. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.
Technical resistance levels: 1.4355 1.4470 1.4600
Technical support levels: 1.4280 1.4175 1.4055

Trading range: 1.4320 - 1.4255

Trend: Downward

Sell at 1.4306 SL 1.4336 TP 1.4266

Yesterday we made +28 pips profit on EUR/USD from the following signal:
7:50 GMT+1 Sell EUR/USD at 1.4311 SL 1.4337 TP 1.4261 exited at 8:00 GMT
Total yesterday +129

Visit the iForex.bg Website

FTSE keeps up momentum

FTSE keeps up momentum

24/08/2009 - 13:29:08

The FTSE 100 Index built on its winning streak today as investors maintained the momentum that has seen the market reach a 10-month high.

London is enjoying its best summer rally in 25 years as sentiment grows on the prospects for global economic recovery.

The Footsie, which has climbed in line with other world markets, rose above 4900 at one stage before settling 21.56 points higher at 4872.7 by lunchtime.

Its rise follows a strong trading day in Asia which saw Japan’s Nikkei finish 3% higher and the Hang Seng in Hong Kong lift 2% as the region latched on to Friday’s comments from Federal Reserve chairman Ben Bernanke that the US was close to pulling out of recession.

Wall Street was also set for a marginal lift today, with the Dow Jones Industrial Average tipped to start the day up 0.3%.

Meanwhile, oil is trading above $74 a barrel as the stock market surge and optimism economic optimism take effect.

While commentators said the London market was enjoying its biggest summer equity rally in 25 years, they warned the gains were built on slim dealing volumes and would be tested in busier times next month.

[James Villas]
Miners drove today’s top flight rally, with rises of as much as 5% in the case of Kazakhmys.

The part-nationalised banks were also on the march today amid improved sentiment. Lloyds was one of the Footsie’s leading winners, adding 5% or 5.35p to 106.93p and Royal Bank of Scotland cheered 2.37p to 50.85p.

Advertising and PR group WPP rose by 5% after a broker upgrade from Deutsche Bank eased the nerves of investors amid fears the company will downgrade its forecasts in interim results due later this week.

Shares were 26p higher at 530.5p.

Packaging firm Bunzl took the top-flight crown with a 6% lift – up 32.5p to 584.5p – after it reported a 4% rise in half-year profits and said margins improved in most of its major markets.

Another riser was engineering and construction firm Balfour Beatty, which added 10.6p to 352.8p after announcing it had been selected for a $415m (€290m) road project in Texas.

Security group G4S also hailed its robust performance following half-year results, but the company failed to get a boost after analysts said bottom-line profits were slightly below expectations. Shares were at the top of the FTSE 100 Index fallers board after a drop of 3% or 7p to 217.1p.

Innovium Announces Second Quarter Results

Innovium Announces Second Quarter Results


Print
Innovium Media Properties Corp.'s ("Innovium" or the "Company") (TSX VENTURE:IN)(FRANKFURT:IH7) second quarter 2009 results are discussed below.

Innovium had a 2009 second quarter net loss of $1,087,000 compared to net earnings of $3,524,000 in the second quarter of 2008 (a loss of $708,000 for the first six months of 2009 compared to earnings of $3,738,000 for the same period in 2009). Interest and dividend income increased by 85% in the second quarter of 2009 compared to the second quarter of 2008 (an increase of 46% six months versus six months), attributable to the number of interest-bearing and dividend-bearing advances Innovium has made to Seed Media Group compared to advances as of one year earlier.

In the second quarter of 2009, the Company recorded an unrealized foreign exchange ("forex") loss of $1,038,000 (unrealized forex loss of $30,000 for the second quarter of 2008) on its investment in Seed Media Group as a result of fluctuations in the US dollar / Canadian dollar exchange rate. The forex loss was $602,000 for the first six months of 2009 versus a $184,000 forex gain in the similar period of 2008.

Compared to the second quarter of 2008, the Company experienced a 62% decrease in general and administrative costs in the second quarter of 2009 (a 38% decrease for the first six months of 2009 compared to the same period in 2008). The second quarter of 2008 had been characterized by the recognition of $444,000 of stock option expenses and $100,000 of consultants fees related to the receipt of the accelerated payment of the future agri-product revenue stream.

In the second quarter of 2009, Innovium advanced an additional US$100,000 under the Seed Line of Credit and US$200,000 in the form of a secured 18% Bridge Loan, convertible into Seed equity at a 10% discount to the price of a subsequent equity financing.

About Innovium Media Properties Corp.

Innovium's venture investment portfolio is devoted to Seed Media Group LLC, a private media and technology company focused on the professional and consumer science markets. Seed's award winning brands include Seed® (print and digital magazine) and ScienceBlogs® (www.scienceblogs.com). Innovium trades under the symbol IN on the TSX Venture Exchange ("TSX - V") and IH7 on the Frankfurt Stock Exchange ("FWB").




Table of Highlights of the Financial Statements


Three months ended Six months ended
June 30 June 30
----------------------------------------
(Expressed in thousands of Canadian
dollars, except per share amounts) 2009 2008 2009 2008
---- ---- ---- ----


Interest and dividend income $ 302 $ 163 $ 604 $ 305
Unrealized gains (losses) on
investments (1,038) (30) (602) 184
Gains on investments - 4,313 - 4,313
Agri-products revenue - - - 60
Other income - 4 - 17


General and administrative expenses 341 902 701 1,122
Depreciation and amortization 7 7 14 15
Foreign exchange loss (gain) 3 17 (5) 4


Net earnings (loss) $ (1,087) $ 3,524 $ (708) $ 3,738


Net earnings (loss) per share $ (0.01) $ 0.04 $ (0.01) $ 0.04


Cash used in operating activities
(after net change in working
capital balances) $ (378) $ (121) $ (655) $ (510)





As At
---------------------
June 30, Dec.31,
(Expressed in thousands of Canadian dollars) 2009 2008
---- ----
Cash and cash equivalents $ 54 $ 731
Accounts receivable and other assets 63 77
Short-term investments 57 113


Total current assets 174 921


Venture investments 13,048 11,631
Capital assets, net 135 149


Total assets $ 13,357 $ 12,701


Accounts payable and accrued liabilities $ 2 $ 11
Term loans 1,290 -


Total liabilities $ 1,292 $ 11


Shareholders' equity $ 12,065 $ 12,690




Full financial results are available on SEDAR at www.sedar.com.

Drug Rehab Options

Drug Rehab Options

One of the worst feelings that a person can possibly have is that they have reached rock bottom and that they cannot possibly sink any lower than they already have. Knowing that you have failed, and failed your family and loved ones as well can cause one to truly lose faith in themselves and remove any desire to continue to live and to make an effort. That is why drug addicts who have gotten to the point where they are threatening their life need the help of professionals. Going through drug rehab is the only way to heal and to return to living a normal life.

Going into rehab is a must for a drug addict; however, getting one to go is not that simple at all. In fact, getting one to go to rehab is one of the later stages in healing a drug addict. First, an individual who has a substance abuse problem needs to come to the realization that they have a problem and that something must be done in order to return to living a normal and healthy life. After one understands that they need help, the support and love of their family and friends is needed in order to guide them to the appropriate drug rehab facility and to ensure that their rehabilitation process goes as smoothly as possible.

Before one enters a rehab program, an intervention needs to be done. This usually involves friends and family, along with a professional counselor, in order to assist the group in addressing the severity of the problem. Most people have not had to deal with such situations in the past and that is why professional guidance is helpful. Once the intervention has been done and was a success, a proper rehab facility needs t be sought out. A drug rehab clinic will help a drug addict recuperate physically as well as emotionally, and help them prepare to return to living a normal life. Addicts must leer all over how to take care of themselves and how to resist temptation. These issues along with many others are addressed with the help of therapy and resolving many emotional issues that most drug addicts have. There are many wonderful California drug rehab clinics that cater towards the needs of those who have a substance abuse problem. With the help of these clinics, such as Cliffside Malibu, those with severe additions can be healed and receive a second chance at a normal life.



Top ten web hosting service providers

Top ten web hosting service providers

Find list of top 10 reliable and affordable web hosting companies ranked according to reliability, price value, customer service, features, server uptime, and ease of use.

Ranking Web Hosting Monthly Fee Disk Space /
Bandwidth /
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