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Euro up on talk of EU package, trade jittery

2010-05-09T18:30:00.000-07:00

The euro was up at $1.2856, from $1.2714 late in New York on Friday, but had been quoted as high as $1.2948 at one point. Details of the EU plan were sketchy and traders were wary of taking the euro too high given past failures to get a concrete deal done.
Traders said there has been talk that the European Central Bank could set up a forex swap facility with other central banks or even buying government bonds, though they added any bounce could easily wane if nothing concrete is decided soon.
"The initial reaction has been positive, the initial details have been encouraging, but market's sentiment still a bit fragile as we're waiting for a some more detail," said Bank of NZ currency strategist Mike Jones.
"I think euro will consolidate until we get some further details, people are a bit wary they might be disappointed as in the past."
The euro also rose to 118.28 yen, from Friday's late level of 116.07, while the U.S. dollar firmed to 92.10 yen, from 91.56 yen. The dollar index .DXY was down 0.52 percent at 84.01.
High yielding currencies such as the Australian and New Zealand dollars also firmed as investors showed more appetite for risk, while U.S. stock futures jumped and oil regained some ground to $76.26.
EU sources said Germany, which faces public opposition to bailouts, was resisting any deal that put no limit on the potential financial assistance for countries such as Portugal, Spain or Ireland and wanted the IMF involved.
But a compromise was being discussed that included loan guarantees by euro zone countries worth 440 billion euros, a stabilisation fund worth 60 billion euros and a 100 billion euro top-up of International Monetary Fund loans. EU sources also said the Governors of ECB met on Sunday to discuss the crisis.
Over the weekend, the International Monetary Fund approved a 30 billion euro package of aid for Greece, with the first payment available as soon as the middle of this week.
Fears of a meltdown in the euro zone had been driving investors to the safety of the Japanese yen and the U.S. dollar, considered safe-haven investments when risk aversion spikes.
Growth-leveraged currencies regained some ground, having been hit hard last week as investors feared weakness in markets could drag on world growth.
The Australian dollar firmed to $0.8940, from a low of $0.8862 late in New York on Friday, while the Kiwi was at $0.7135, from $0.7130.
The Group of 20 economies will also hold a teleconference from 7:00 am on Monday (2200 GMT on Sunday) between deputy finance ministers to discuss issues related to the Greek fiscal crisis, a South Korean official said on Monday.
Officials were not likely to adopt any fresh action to take at the teleconference but would discuss their views on the current situation.
Sterling regained ground, bouncing from one-year lows of $1.4475 on Friday, helped by the euro's recovery. It rose to as high as $1.4865 in early trade, but pared some of those gains to $1.4807 as political uncertainty weighed.
Britain's Conservatives and Liberal Democrats will hold further talks on Monday to try and stitch together a deal to govern with markets anxious about how the new government will go about addressing the precarious state of public finances.
"The longer political leaders dilly dally about the leadership, then sterling will stay under pressure," said David Scutt, forex trader at Arab Australia Bank in Sydney
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Exchanges summoned to DC after market plunge

2010-05-09T18:27:00.000-07:00

The heat is on the Securities and Exchange Commission to employ emergency measures to prevent a repeat of the episode after Thursday's scary market plunges saw stocks usually regarded as safe inexplicably drop precipitously for several minutes.Regulators have so far given no indication that they have any idea what triggered the dive, adding to concerns among investors over what kind of market they are trading in.
Tempers were short in Washington. Lawmakers wanted to know why regulators had no answers while the SEC and Commodity Futures Trading Commission said not to look for quick explanations.
"Clearly the Securities and Exchange Commission needs to act," an exasperated Sen. Chris Dodd, chairman of the Senate Banking Committee, said on CBS's "Face the Nation" program.
"They need to step up very quickly and let us know what happened here and what steps need to be taken," he said. "I don't think you need legislation in this area. You need the regulators to step up."
Speculation initially centered on the possibility that there was a massive "fat finger" accidental trade by an individual but that has now been discounted.
Another theory is that a huge computerized trading program was triggered by a big currency-related play amid the deepening Greece-related crisis.
The meeting, set for Monday morning at 1000 EDT/1400 GMT, was called by SEC Chairman Mary Schapiro, and is expected to address whether they need to implement a market-wide stock-specific circuit breaker which would halt sudden plunges in individual stocks, a source familiar with an investigation into the events said.
It will also discuss finding ways to possibly rein in market orders and will address stop-loss selling, the source said. Any new rule would need approval from a majority of 5 commissioners.
The meeting will include bosses of NYSE Euronext NASDQ OMX Group Inc., Direct Edge, a private U.S. trading venue operator and BATS Global Markets, the third-largest exchange operator, sources said, but won't include futures or options exchange heads, one source said.
Exchange heads will also meet Treasury officials at 1400 EDT/1800 GMT, that source said.
Some of the exchanges are, in addition, expected to participate in Congressional hearings by the Financial Services Committee on Tuesday, the source said.
Representatives for Direct Edge and BATS confirmed they will attend Monday's planned meeting. NYSE and Nasdaq declined comment.
QUEASY OPEN
Investors face a queasy opening for Monday markets, still jittery after last Thursday's nearly 1,000-point drop in the Dow Jones Industrial Average, followed by a rebound that still left prices down for the day. After another decline on Friday, stocks are now negative for the year to date.
"Like most people I'm just surprised an investigation of the last few days didn't provide more information," said Rick Meckler, president of investment firm Libertyview Capital Management. Meckler said that if the cause remains a mystery it will undermine confidence over the course of the year.
In the absence of decisive action by regulators, the exchanges sought to strike a unified front after days of bickering that only added to a sense of drift in the world's biggest and busiest markets.
Ordinary investors, increasingly tied to market developments through their 401K plans and other investments that were whipsawed last week, faced the same dilemma over why and whether it might happen again.
"It's a confidence issue... until you get away from finger-pointing and get to a bottom line explanation of exactly what happened, it can't bode well for investors," said Alan Lancz, president, Alan B. Lancz & Associates Inc., an investment advisory firm, based in Toledo, Ohio.
BURY HATCHET, NOT IN ONE ANOTHER
NYSE Euronext and NASDQ OMX said they were "committed to working closely" with one another and with regulators to find out what happened -- a far cry from back-and-forth carping at the end of the week over whose computer systems might have been most at fault.
Dodd, who appeared on CBS with Republican Sen. Richard Shelby of Tennessee whose assistance he needs to steer a massive financial regulatory bill through the Senate, deplored the fact that sophisticated markets were so out of touch with the real economy that ordinary Americans must live in.
"We need some answers pretty soon," he said, because unruly markets are a threat.
"You are getting some of this casino environment that is appearing in our markets," Dodd said, fostering economic risk that will force the government's hand on regulation.
"We need to get in place a bill, have the president sign it so that we have tools to protect our economy from these kinds of events," he said.
Sources said on Saturday that the SEC was considering whether trading restrictions could be imposed across markets for companies that have fallen a certain percentage within a specific time-frame, one source said. Another source said more circuit breakers at a stock level was another possibility.
Thursday's moves were so dramatic that it was unclear where to start. At one point, at least a half-dozen stocks including Accenture and Exelon Corp briefly traded for as low as a penny a share. Some trades had to be canceled.
One theory hit the dust on Sunday when Terra Nova Financial Group, Inc, a self clearing brokerage firm, said it "strongly refuted an unfounded report published in TheStreet.com" that suggested unusual trading activity in Procter & Gamble's shares on May 6 originated from Terra Nova.chi flat irons chi flat iron
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Why Do Chinese Students Lack Creativity

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ometimes, when I sat with my dorm mates, chatting with them, one of the most exasperating topics is that although we regard Chinese as a very intelligent nation, among those geniuses who solved the world’s most difficult and confusing mathematical problems are French people, Germans, British people, Japanese, but NO Chinese.
　　It is true that Chinese students often come first in the International Mathematics Competition. But among those young masters, how many will go on developing their talents? Very few. In fact, some of them only use this kind of competition as a stepping stone, which could make their way to top universities easier. And they will never want to touch a single mathematical figure again after their goal is achieved.Most of them seem to have reached their peeks in high school and before they could practically contribute to the world of mathe matics.
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the market

2010-04-05T23:56:00.000-07:00

There are indeed effective forex trading software systems in the market. These are usually the wildly popular and highly talked about products. You may have heard about a few of them. It is important to note that not all products are scams. You will have to sift out the good ones from the bad.While looking through a product's website, it is important to look for sections such as video testimonials and videos depicting successful real trades. Some software also comes with a free trial version to allow interested customers a chance to try out the product.There are many automated forex trading cheap evening dresses software programs in the market as well. Some have received high praise from those who had enjoyed success with them. The reason why these Forex software programs work is because they are developed by programmers and trading experts, not just marketers who are in for the money. These programs also offer very competitive features.What are the advantages of using a Forex trading software system? Firstly, you need not keep your eyes on the market 24/7. This gives you more time for leisure. The system will do the bulk of the work for you, and you do not need to devote too much time and effort. The system makes rational decisions based on money management, entry and exit points and lot sizes.Many of these systems also comprise of artificial intelligence codes which can test scenarios to make better judgments and more informed decisions than human investors. Why this is so is because investors tend to let the emotions get the better of them. These computerized systems only make decisions based on facts. Compare the trades that you have made with those made by the automated system and you should see a huge difference between them.An effective forex software program is one that has a strong track record that spans over a long period of time. Look out for programs that come with regular updates, improvements and modifications. This means that the inventors of the program are dedicated to improving the performance of the program.
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2010-04-05T23:55:00.000-07:00

Jonten Accounting Firm was founded in March 1994. Jonten provide professional services to a wide spectrum of clients in Mainland China, Hong Kong Asia Pacific, Europe, America, Africa and etc. Jonten are one of the top 100 certified public accountants firms in China, ranked by hair straighteners in 2008 survey. Jonten joined Morison International as an cheap ralph lauren polo shirts independent member firm in 2008.

Fulfilled the audit work, collected auditing chi dazzle evidence, prepared audit working papers and audit reports. Carried on project management to make sure the project can be finished before the deadline, and controlled the project risk. Have participated in the discount wedding dresses annual audit and special audit for PetroChina, Shenhua Energy, China grain lace wedding dresses reserves corporation, China Gaoxin Investment Group Corporation. Global Industrial Supply Co., Ltd. (Hereinafter called GIS) is a Sino-Swiss joint venture company founded in 2003. GIS provides professional industrial logistic services, which for matters arising in centralizing procurement, machining, logistic distribution, international trade and full industrial logistic solution for the manufacturing industry companies.
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project construction

2010-04-05T23:53:00.000-07:00

The social and economic benefits of project construction are very clear, and its significance is significant and far-reaching. With the development of the automotive industry,car communication also developed rapidly. Wireless access through a variety of ways discount wedding prom dresses becomes to the direction of network development in the future, people are no longer wedding dresses 2nd astricted by wire, but may connect internet through a variety of intervention at anytime and anywhere, and get information or communicate with other people. Mobile terminal cheap men's nike shoes station (wireless access point) connected with the network, interrupted from the coverage of a mobile base station to another, known as the handoff.A major goal of future communication systems is to seamlessly integrate a variety of advanced multimedia services which support fixed and mobile Lacoste Polo Shirts networks to achieve the integration of the whole network, and the mobile part of the network framework must be set up on the basis of different types of wireless networks overlapping, because of there is no polo shirts wireless access technology can be used as a universal and long-term universal solution exists so far, while the future of mobile communications technology from the ability to change the focus to the service, from the chi hair straighteners wireless network to the entire problem.With the increasing prevalence of WLAN technology, low bandwidth of CDMA can not meet people's needs, experts have predicted that 3G will be replaced by cheaper Wi-Fi when it might not be the mainstream consumer.CDMA has the advantage of wide area network, broad coverage, but relatively low bandwidth.
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production

2010-03-12T00:42:00.001-08:00

We need to lay strict management on the research, production, import, sales and use of these wireless communicational devices. The inspection of wireless devices assures the limited frequency resource can be explored and utilized scientifically and efficiently; could eliminate the radio interference from the source, to maintain the order of electric wave in the air, to assure the accurate operation of all kinds of wireless devices, and to keep the wireless devices management in order, all these depends on the accurate and dependable testing systems. So, these testing systems should satisfy the following standard: high level of automatization, high testing speed, test accurately and stably.Automatization could improve the efficiency; reduce the person's element of error in the testing process. All the tests are operated by remote control of the computers; run on the network automatically, the control of the devices and telephones, the automatic remote control of the instrument, to measure the data and record the graphs automatically and realize the electric management of the data and print the report list.

Self Assessment

2010-03-09T22:11:00.000-08:00

To be a successful female professional managers,in the struggle to achieve self-worth and social。Two years' time standing between the interests of the company and customer's, I think I have certain skills of the game- tocheap straighteners seek common ground and find a win-win way from the contradictory sides, in the lengthy internal strict operational procedures,Instituting of timely monitoring and reasonable control so as to promote the progress of the project. This is my practical experience in sales, while Early guide the project, analysis of competitors,set down the strategy for bidder,communicate with customers,start the business negotiations after won the bidder,coordinate the internal and external resources in the process of project delivery , real-time monitoring, promoting the overall, with good customer relations to solve unexpected problems, responsible for funds back after the project deliveried I. CIMTEK Test Rack Project: (200706-200804)?1.In charge of CIMTEK new testing platform introduction (Include get designing drawing, BOM, make manufacturing schedule, Design manufacturing Technology, Create quality assurance criteria...)?2.In charge of establishing CIMTEK local supply chain.?3.Leading construction of chi pink dazzleCIMTEK new test rack (Software and hardware integration, GR&R and documents the whole manufacturing activity).?4.Communicating with CIMTEK headquarter managers to smooth everythingII. Microsoft Xbox Project: (200602-200705)?1.Bring up whole XBOX testing systems in DongGuan (Software and Hardware integration include PCBA-FT, SIT, X-STRESS, MCT, HASA, ODD&HDD tester...).?2.Provided technical support and troubleshooting advice to the test engineering staff of Microsoft’s contract manufacturer ?3.Design and Implement testing system continuous improvement projects base on testing data analyst. ?4.Leading Microsoft’s CM engineering staff to build newchi hair straightener test systems.?5.Edit tester repairing manual (Error presentation, Root cause analyzing, fixing method, categorize documents).?6.In Charge of the expansion of testing production line.?7.Upgrading initial test systems with new features (i.e. HDMI testing

Responsibilities

2010-03-09T22:10:00.000-08:00

Participate in the operation of company, strategic planning of business; Make strategy for product development; Managenike running shoes
product development team, design and monitor the product development workflow, manage product lines; Build up RD team, organize recruiting, training and performance review; Organize and participate in technical discussion with the customers, Alcatel-Lucent, Nortel, Futsiju, NEC, etc and do product promotion, answering RFIs or RFQs, analyze and clarify technical requirements. Analyze China’s market and make strategy and business plan, participate in business and technical discussion with domestic customers, such as Huawei, Shanghai Bell, Fiberhome, Digital China etc. design and develop Metro Access Switches; System Architecture, development of large capacity L3 switches or cost-effective L2 switches, DSLAMs &CPEs, Wifi Gateways or APs, PON ONUs. Management of RD team, design and monitor the product development workflow, management of product lines; Recruiting, Training, Performance review, Management of RD team; Design and development of Broadband Access Server; System Architecture, Design and development of large capacity L3 ethernet switch. Development of embedded software system. Development of cost-effective L2 ethernet switches; Product promotion, pre-sales support； Wrote the technical parts of documents or files for the bids of China Telecom, China Unicom; Participating in the budget management, funding; worked out the DD documents or files for the VCs;
Participating in Operation and nike trainers Management of the companySoftware development of network management system or service supporting & operations software systems; Design and development of communication signal processing systems; Research, Algorithm simulation, DSP implementation of Speech recognition; Project management or product management； Much experienced in management of RD team and product development; capable to train an engineer and an engineering team; software systems; familiar with operating system, such as Vxworks and Embedded Linux；Familiar with product development workflow and software development procedure, Quality assurance process, know CMMI. Familiar with the architecture and layers of broadband network, the needs in services by telecom carriers or ISPs, and the related requirements;Familiar with network switching products, routers, BRAS, Ethernet switches, DSLAMs, CPEs , network management software and the relevant standards, protocols, techniques and development cycle and methods; Familiar with the technical standards in Ethernet and IP, such as ICMP, STP, VLAN, Trunk, DHCP，IGMP, ACL, NAT，QoS，RIP，PIM，OSPF, etc. Familiar with the protocols and technology in broadband user access and management, such as PPPoE，Radius，802.1x, etc. Familiar with DSL related standards, such as, ITU standards，cheap nike shoes993.1, 993.2, 992.1, 991.1, 991.2, 994.1, 998.1, 997.1, 992.5 etc，and the technical specifications or reports in DSL forum, such as TR101，TR069;
Familiar with NMS/EMS systems, Service Management Systems;Familiar with the standards and technology of EPON and GPON, such as 802.3ah，G984.1，G984.2，G984.3, etc. Know wifi standards and products, such as 802.11 a/b/n/g.

Company

2010-03-03T00:58:00.000-08:00

The Company was established in 1993.specializing in the production ofoutdoor sking / cheap polo shirts / leisure / sorts fashion clothing. products including Jacket / sportwear/Cotton Loaded / Down Jacket and Casual Plants. products are mainly exported to France & the Northern Europe region.Years for the Crocodile company and Playboy Company do ralph lauren polo shirts.the begining of this year to develop the omestic market . after joining the Company. Souch Cina Region factory has overall responsibility for product quality management . in May 2008 became responsible for the Company owned two factory in Sichuan and six outward garment factory production quality management . responsible for the cheap ralph lauren polo shirts to improve the QA systems and safeguard.the development of companies and the outsourcing of factoies.suppliers .

a writing lesson ...

2010-01-21T22:26:00.001-08:00

I would like to share a writing lesson I learned from our American teacher when I was a college student a few years ago.

In our first writing class, she brought a red apple, put it on a transparent glass plate, placed the plate on the desk near the window, and adjusted it a few times. The sunlight was streaming on the red apple and its holder, and casting a narrow shadow on the desk, a glimmer of smile was on her face. As she was walking away from the plate slowly, and looking around us, she started to talk, I couldn't remember the exact words she said, what she told us roughly as follows.

'I would like you to describe the red apple and its surrounding in about one hundred words, which must be strict to the sketches of its physical appearance. After that, you are going to add another one hundred words to stretch its look to other areas that are related to it, for example, giving a brief description of an apple tree, an apple orchard, its sweetness and nutrition, etc. "

We were stunned, biting our pens, or gazing at the apple, or peeping at each other, as our teacher was pacing up and down the class room, saying a few encouraging words now and then, giving out a few hints here and there. However, it didn't help, a large portion of our papers remained empty, we were only hear the clock ticking faster and faster, and ticking louder and louder, the time was running out ...

The underlined theme she taught us is that to learn a language, especially a foreign language, we must get back to the basic, the square one, and start from the scratch, like children, who usually describe things and their surroundings specifically and vividly and concretely, as apposite to them, we adult tend to think abstractly and generally, and use many big words (abstract and general) which is the number one enemy of the language learning.

For example, most of us know words like fruit, vegetable, light, we may not understand, cranberry, kale, dusk (or twilight) ... on the contrary, children usually pick up these specific words before they learn the categorical term, like fruit ...

Just like most of you, I am still working on the crazy English. Is it crazy? No, as our teacher said, "It is lovely, the school catalog calls it as an English course, I would call it as a course of magic, the magic of words and ideas."

Sharing ...

2010-01-21T22:25:00.000-08:00

As I am taking a backward glance at my childhood and my adolescence, those happy moments are flowing through my mind, like a movie, my mom and dad were teaching my brother and me to swim, watching the colorful sunset together from the lookout, reading the bedtime stories for us …

One particular scene is coming up to my mind at this moment, and lingering, it was an autumn night, one of the beautiful nights in four seasons, stars were twinkling in the dark blue sky, and tree leaves were shimmering under the silvery, full moon as they were swaying slowly with the cool breeze. My brother and I went to bed reluctantly at 9:30, after playing.

Suddenly, I was hearing a gentle voice in my dream, getting louder and louder, and my dream was broken and gone after my brother and I were woken up by my mom,

"what's going on?" I asked in my sleepy voice as I was rubbing my eyes, and looking at the clock, it was close to the midnight.

"Come, come to the window." She whispered.

As we were gazing into the starry sky, a shining object flying across the heaven far, far away, leaving a bright, slightly curved, long path, as its tail was blurring and fading away. "Wow, awesome!" We were astonished and excited, it took us a long time to fall back into sleep.

When I was a boy, I didn’t think too much about why my mom woke us up along with other things my parents did for us, although some seemed a bit uncommon, I have taken things for granted. As I’ve grown up, replaying those scenes, I always come to the same conclusion.

My parents have taken us with them to embark on the adventures together, to open the windows for us to see the wonderful world, to share wonder and excitement with us … They have been passing their enthusiasm, optimism, wisdoms and many small things on to us, things money can’t buy.

I joined a global consulting firm after graduated in China seven years ago, and my work projects have taken me to many places and countries around the globe… and those moments are always with me.

Small things here and there

2010-01-21T22:22:00.000-08:00

Wow, wow, wow, everyone in the party mood!

I am not supposed to log on to the internet as I've promised my friends, "No internet while on vacation". You see, I am on vacation, not even half way through yet, and still have two weeks to enjoy, and in the middle of nowhere.

Somehow, I miss this community after the noisy parties and a few drinks. Yeah, I drink for the moment of excitement and celebration. As we are saying bye bye to 2007 and unfolding our arms to embrace the new year, 2008, we are excited about the challenges and opportunities lying ahead of us.

May I say a few words?

First of all, thank to China Daily for providing a home for us.

Thank you for posting questions and answers.

Especially, thank you for spending your precious time on reading and replying my posts.

I've found out that my posts for the last year are scattered around, some of them may be worth being revisited, so I said to myself, "Why not put the best of them together?" I would like to open a thread for them, like punching my school assignments with three holes and putting them into a binder.

Those are not self-help manuals, formulas for success, pieces of advice ...

Those are small things, simple things, things here and there, reflecting the ways I look at things ...

Happy New Year!

When we first met

2010-01-21T22:21:00.001-08:00

When we first met
I could not see your spirit at all;
I had to tease it out, with the feather of my breath.

And now our souls are like twin censors;
Flames from the very first breath, that lit the cosmos
Fuming themselves almost to heaven's door;
From there one day, God himself will tease out our essence

And we will shoot upward, like stars in the archer's bow
To fall back again, into the tapestry of his long enduring,
Our eyes the mirrored galaxies
Of the planes that he breathes through.

Hair White as Snow

2010-01-21T22:17:00.000-08:00

A paling crescent,
My languishing beloved;
Raising another cup of chill,
Snow flying, I drink my fill.
Who must overturn the chest to previous life,
Bits of love affairs stirred up alive?

As life reclaims its due
And the cycle starts anew,
We meet, fall in love, then part
For the sake of our bound lot.
Your brows knit in frown deep,
For rosy cheeks yellowing with age, you weep.
Should annals of history turn to dust,
Still my love would be burning and never rust.

Of thousands of waters bustling to East,
I take one scoop of love to taste,
Obsessed with the butterfly
Fluttering from your fairy life.

Your moonlit hairs, white as snow
Outshine the picture of our parting in woe.
Incense burning away,
Who's touched by what I pray.
I invite the Moon to witness
The purity of my reminiscence.
Our love will last flawless
In her limpid radiance.

Your hair's now as white as snow.
Alas! My tears endlessly flow.
Has my lifetime wait
worn away my own youth,
or furrowed your face, or both?
In the tipsy mundane world
Days reel along.
Nothing can erase my LOVE word
I engrave on the stele for long.

La-r-La La-r-La La-r-La-r-La
La-r-La La-r-La La-r-La-r-La
The bronze mirror revived your naive trail,
As you were bunching a ponytail.
My dear, play spoiled as you please.
I'd keep you company this life, wining at ease!