NAIA Airport is the airport serving the general area of Manila and its surrounding metropolitan area. Located along the border between Pasay City and Parañaque City, about seven kilometers south of Manila proper, and southwest of Makati City, NAIA is the main international gateway for travelers to the Philippines and is the hub for all Philippine airlines.

Sunday, February 14, 2010

Trading Forex- GBP-JPY 2008 update.

By: Mike P. Kulej

On the heels of massive Yen rally in summer 2007, later named by main stream press the "unwind of the carry trade",we published an article about anticipated direction of GBP-JPY. For details please see previous writing "Trading Forex- GBP-JPY outlook". The future outlined there have come to fruition and it's time to take a look next possible moves for this cross. Comparing to other popular currency pairs, GBP-JPY is relatively illiquid. This is reflected in its wide spread of 7-8 pips on most popular trading platforms. It does not compare favorably with EUR-USD 2 pips, USD-JPY 2-3 pips or even GBP-USD 3-4 pips with most brokers. It is, however, significantly less than 10-15 pips just few years ago.

Despite these limitations, GBP-JPY remains one of preferred crosses for speculators. One of the reasons is large daily trading range. Moves over 200-300 pips seem to be the norm and 500 + pips daily fluctuations certainly don't raise anyone's eyebrows. And let's not forget the 1000 pips day last summer. On top of that, in the current environment of relatively strong Yen, those pips have high value. There is potential for large gains, and losses, on daily bases. Speculative popularity of this pair certainly is not going to dwindle any time soon.

As of this writing GBP-JPY is at about 207.00 level, after bouncing from 192.50, the low of most recent sell off. For the time being a slow upward movement is expected, reaching maybe as high as 215.00 over next few months, or sometimes this summer. Once that is completed, one more leg down should finish longer term bearish move. Previous swings suggest a target of 185.00 or so. Chart development suggest a steady, measured price movement, rather than the kind of violent swings from last summer or even earlier this year. It's reasonable to place this "anticipated low" very late this year or beginning of 2009. After that a very strong, and prolonged, bull market should resume.

This particular scenario is dictated more by very long term charts and fundamentals pertaining to GBP. Yen is notoriously more unpredictable. That is true to both technical as well as fundamental analysis of Japanese currency. Of course, any large scale, unexpected events can farther complicate this outlook.

No matter what happens, GBP-JPY is sure to remain one of the favorite speculative instruments the world over. Even if one trades it only on daily bases, it doesn't hurt to have some long term possible scenarios mapped out.

About the author:

Mike P.Kulej is a Chief Forex Strategist for Spectrum Forex LLC. He specializes in mechanical trading systems as explained on www.spectrumforex.com . Spectrum Forex LLC offers numerous services to individual traders. With questions and comments e-mail him at kulej@spectrumforex.com.

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Philippines Light Rail Transit Public Transportation

The Manila Light Rail Transit System (Filipino: Sistema ng Magaan na Riles Panlulan ng Maynila),[citation needed] popularly known as the LRT, is a metropolitan rail system serving the Metro Manila area in the Philippines. Its twenty-nine stations over 28.8 kilometers (17.9 mi) of mostly elevated track form two lines. LRT Line 1, also called the Yellow Line, opened in 1984 and travels a north–south route. LRT Line 2, the Purple Line, was completed in 2004 and runs east–west.

The LRT is operated by the Light Rail Transit Authority (LRTA), a government-owned and controlled corporation under the authority of the Department of Transportation and Communications (DOTC). Along with the Manila Metro Rail Transit System (MRT, also called the Blue Line), and the Philippine National Railways (PNR), the LRT is part of Metro Manila's rail transportation infrastructure known as the Strong Republic Transit System (SRTS)

Stations

Santolan Recto Baclaran Monumento Cubao

The People Power Revolution was a series of nonviolent and prayerful mass street demonstrations in the Philippines that occurred in 1986. It was the inspiration for subsequent non-violent demonstrations around the world including those that ended the communist dictatorships of Eastern Europe.

A glimpse of Philippine culture through traditional dances and songs performed by some of the country's best dance groups.

In 1990, it was voted by the BMW Tropical Beach Handbook as one of the best beaches in the world

Barasoain Church (also known as Our Lady of Mt. Carmel Parish) is a Roman Catholic church built in 1630 in Malolos City, Bulacan.

Laguna de Bay (Filipino: Lawa ng Bay; English: Laguna de Bay is the largest lake in the Philippines and the third largest freshwater lake in Southeast Asia

Malacañan Palace, is the official residence of the President of the Philippines.