Independnce Day of India
 

A woman who was told she would never have children because she was born with no reproductive organs has given birth to twin girls.

Hayley Haynes had the miracle babies, Avery and Darcey, after hormone therapy enabled her to grow a womb.

She was told at the age of 19 that she would never be able to give birth as she had no womb, ovaries or Fallopian tubes.

But nine years on she has given birth to the twins after IVF treatment using an egg donor.

Ms Haynes and her husband Sam, both 28, are said to be overjoyed.

She said she had no idea she was different when she was growing up but began to grow concerned when she had not started her periods by the age of 19, despite going through other signs of puberty.

Following months of hospital trips and blood tests, specialists told her she had been born with XY chromosomes, meaning she was genetically male. She had no reproductive organs thanks to a condition called androgen insensitivity syndrome.

>> Read More

 

The FDR (Flight Data Recorder) of the AirAsia flight QZ8501

Sources close to the investigation being carried out by Indonesia’s National Transportation Safety Committee (NTSC) have told Reuters that the actions of the two pilots, combined with a maintenance fault, are thought to have led to the crash of Flight QZ8501, which killed all 162 people on board.

 The plane’s Indonesian Captain Iriyanto, an experienced pilot with 20,537 logged hours of flying, “was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane,” two people familiar with the probe told the agency.

According to the report, the Airbus A320 jet had been experiencing maintenance problems for over a week with its Flight Augmentation Computer (FAC), and that earlier in the week the captain had flown the plane after it had started shown signs of having trouble. Iriyanto, after trying to reset the flight control computer on the December 28 flight, cut power to the device. >> Read More

NPA-1

NPA-2

NPA-3

Think it over !!

INDIA-GDP

 

A deal on extending Greece’s bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday.

Europe’s bailout programme for Greece, part of a 240-billion-euro (179 billion pounds) rescue package along with the International Monetary Fund, expires on Feb. 28 and a failure to renew it could leave Athens unable to meet its financing needs and cut its banks off from ECB liquidity support.

Greece’s new leftist government, which aims to ease the strict terms of the bailout that have imposed harsh austerity, opened talks with European partners on Friday by flatly refusing to extend the current programme or to cooperate with the international inspectors overseeing it. >> Read More

Emerging Markets- An Update

31 January 2015 - 16:38 pm
1) Hungary’s central bank turned dovish
2) The Turkish central bank signalled that it may cut rates next week during an emergency meeting.
3) Pakistan’s central bank surprised with a more aggressive cut than expected
4) Russian central bank surprised with a rate cut
5) S&P downgraded Russia one notch to BB+ with a negative outlook
6) Brazilian oil giant Petrobras failed to release its corruption-related writedown figures in its earnings statement
7) Finance Minister Levy said Brazil doesn’t want to keep BRL artificially strong
8) Belarus President Lukashenko said the country was considering debt restructuring, but then said there would be no default
Over the last week, Qatar (+3.1%), Czech Republic (+1.8%), and Poland (+1.5%) have outperformed in the EM equity space as measured by MSCI, while Russia (-10.9%), Brazil (-6.4%), and UAE (-5.8%) have underperformed. To put this in better context, MSCI EM fell -3.0% over the past week while MSCI DM fell -1.2%.
In the EM local currency bond space, Israel (10-year yield -18 bp), the Philippines (-15 bp), and Indonesia (-12 bp) have outperformed over the last week, while Ukraine (10-year yield +161 bp), Brazil (+28 bp), and Turkey (+13 bp) have underperformed. To put this in better context, the 10-year UST yield fell -12 bp over the past week.
In the EM FX space, ILS (+1.7% vs. USD), PHP (+0.1% vs. USD), and PLN (+0.1% vs. EUR) have outperformed over the last week, while RUB (-9.2% vs. USD), BRL (-3.6% vs. USD), and TRY (-3.2% vs. USD) have underperformed.

>> Read More

 

Kurdish Peshemerga fighters managed to rebuff Islamic State (IS) militants trying to occupy the oil-producing city of Kirkuk in northern Iraq, Al Jazeera reported Saturday.

 “ISIL [IS] fighters took advantage of the fog and they launched their surprise attack [in Kirkuk], but we managed to defeat them,” Mariwan Abdel Khaleg of the Peshmerga 17th Brigade, told the news outlet.

On Friday, the IS extremist group launched a major attack in Kirkuk, killing a top commander of the Iraqi Kurdistan Peshmerga fighters, Brig. Gen. Shirko Fatih, and more than 25 of his soldiers.

The Islamic State’s Kirkuk attack was a setback for Iraqi Kurds, who intend to include the city into the regions they govern in northern Iraq.

The Peshmerga have been successful in retaking some northern Iraqi towns and villages, as well as preventing the IS from making further advances, aided by airstrikes performed by the US-led coalition.

The Sunni radical militant group has captured about a third of Iraq, targeting oil-rich regions, including the Iraqi city of Mosul, as a source of revenue.

The extremist group, known for its human rights atrocities, began fighting the Syrian government in 2012 and later expanded operations to Iraq, declaring a caliphate on the territories under its control.

Merkel says no debt reduction for Athens

31 January 2015 - 13:44 pm
 

German Chancellor Angela Merkel said there should be no debt relief for Athens adding to tensions between the new anti-austerity Greek government and its international creditors.

“There has already been voluntary debt forgiveness by private creditors, banks have already slashed billions from Greece’s debt,” Ms Merkel told the Hamburger Abendblatt newspaper.

“I do not envisage fresh debt cancellation.”

Greece opened talks on its bailout with European partners yesterday by refusing to extend the programme or to cooperate with the international inspectors overseeing it.

Prime Minister Alexis Tsipras’ government also sacked the heads of the state privatisation agency after halting a series of state asset sales.

The politically unpopular policy of privatisation to help cut debt is one of the conditions of Greece’s €240 billion bailout that has imposed years of harsh austerity on Greece.

Finance Minister Yanis Varoufakis met Jeroen Dijsselbloem, head of the eurozone finance ministers’ group, for what both men described as “constructive” talks. >> Read More

 

Too many seek to have high win to loss ratios. This is a mistake. The key is to “try” to keep your losses small when trend following. You can always have gaps or limit moves but one of the best ways to mitigate big losses is to trade smaller. In a trend following program, win percentage can be among the lowest of all primary strategy types at 35-40%. Compare this with the options selling that has the highest win percentage at 74.25%. Option sellers have buried more traders than I can count. One of the reasons that some ” unique and small number” of consistent trend followers have survived for decades is that they attempted to focus on loss size and have tried to keep them small. One of the main statements of trend followers is Cut your losses and let your profits run. Easier said than done for most. This is where the psychology comes in and must be enforced.

Trend following success is not based on systems or methods…it is based on thought processes. Even with the correct thought processes…it is never easy…and there are always losing periods…

Past performance is not indicative of future performance

 

It is never easy…and those that promise you that are not telling you the truth.

Perseverance is one of the Best Traits to Have When Trend Following!
Trend following is a marathon. There will always be those that say it is over!

It takes losses in the stock market to make future great traders and learning from mistakes is one of the best teachers.

Have a trading plan….and more importantly…Make sure you follow your own rules!

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Technically Yours,
Team ASR,
Baroda, India.