usd and usd

Friday, June 28, 2013

Chart to Watch - IVAC

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Intevac Inc. (NASDAQ_IVAC ).

I hope you are having a GREAT week !!!

This week let's take a look at a low priced stock that looks to have a good chance of turning into a high priced stock.

When trading stocks we use the Marketclub monthly green Trade Triangle to determine the trend, and then we use the MarketClub weekly green Trade Triangle for timing the trade.

IVAC has a MarketClub score of +100, so all three Trade Triangles daily, weekly, monthly are pointing up right now which puts the odds in favor of the bulls.

Since IVAC is has just broken out of the base you could buy the stock, and then exit if it trades lower and puts in a weekly MarketClub Trade Triangle sell signal.

You could also just watch IVAC and wait for it to have a counter trend correction, which would more than likely turn the weekly Trade Triangle red and then wait for the next weekly green Trade Triangle to enter.

As long as the monthly Trade Triangle stays green, you can use the weekly for entering and exiting trades.

The great thing about trading this way is that you are :

#1 - Trading with the trend.

#2 - Cutting losses short.

#3 - Will be in the stock if a big trend move happens.

So IVAC is an excellent Chart to Watch to watch, as the odds are with higher prices right now.

Thanks,

Jim Robinson

Profit Trading.com

news

Gov’t ratchets up poverty reduction thrust

5 sectors said to be critical in generating jobs

9:57 pm | Friday, June 28th, 2013

The Aquino administration will fully support and develop five sectors that it considers critical in further reducing poverty in the country, said Arsenio Balisacan, director general of the National Economic and Development Authority.

The sectors are tourism, information technology-business process outsourcing (IT-BPO), housing, agriculture and manufacturing.

The projects and programs involving the five sectors will be the highlight of the updated Philippine Development Plan (PDP) to be released in the second half of the year, Balisacan said.

The government’s economic team identified the sectors based on their potential to generate jobs.

“There is now a great sense of urgency to reduce poverty and inequality. We cannot afford to simply wait for the benefits of growth to trickle down,” Balisacan said during a speech yesterday before members of the Philippine Council for Industry, Energy, and Emerging Technology Research and Development.

Although the Philippines has outperformed many countries in terms of economic growth, it is still saddled with serious poverty issues, Balisacan said.

“We are creating new drivers of growth that will generate high-quality jobs and strengthen regional competitive advantage,” the country’s chief economist said.

Over the past decade, the services sector, led by IT-BPO, has been the key growth driver of the Philippine economy. But some economists said that the country would need to stand on more legs if it hoped to significantly reduce poverty incidence.

According to Baliscan, investing in agriculture may help trim poverty because a substantial number of poor people reside in agricultural areas.

Revitalizing the manufacturing sector will also help, given its huge multiplier effect on the economy and its high labor requirements.

Tourism is a low-hanging fruit, Balisacan said, as he cited the country’s rich natural resources and attractive vacation destinations.

Balisacan also considered it crucial to invest in housing, saying that it would address the need for shelter of millions of Filipinos.

Economists said sufficient housing services would mostly benefit the poor, and not just the rich and the middle class.

“What we need is inclusive growth—a growth process that deliberately enables more to participate, and where the benefits of growth are shared by all,” Baliscan said.

The Philippines grew by 6.8 percent last year, and 7.8 percent in the first quarter of this year. It outperformed many countries affected by a weak global economy.

Nonetheless, economists said, the benefits of the Philippines’ robust economy have yet to trickle down to the masses.

Poverty incidence stood at 27.9 percent in the first semester of 2012, one of the highest in Asia.

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Short URL: http://business.inquirer.net/?p=129433

Tags: Business , Government , poverty reduction

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

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PH money supply grew by 16.3% in May

9:55 pm | Friday, June 28th, 2013

The rate of growth in the country’s money supply accelerated in May as local banks lent more cash to businesses and consumers to boost economic activity.

Data from the Bangko Sentral ng Pilipinas (BSP) Friday showed that domestic liquidity, or M3, grew by 16.3 percent last month—faster than the year-on-year expansion reported the month before.

The loans granted by universal and commercial banks, net of placements with the BSP, also grew by 13.1 percent in the same period—up from the 12 percent recorded in April.

“The continued expansion [in M3] during the month indicates sufficient liquidity to sustain the economy’s growth momentum,” central bank Governor Amando M. Tetangco Jr. said in a statement.

The growth in the amount of money circulating in the country’s financial system failed to bump up inflation in May, pointing to the economy’s ability to absorb the extra cash and make it work productively. Inflation in May stood at 2.8 percent, just below the BSP’s target range of 3 to 5 percent for the year.

Net domestic assets, which measures loans secured from banks, rose by 28.2 percent year-on-year, up from the 19.4 percent posted the previous month. Loans to the private sector went up by 15.4 percent, while credit extended to the public sector rose by 8.3 percent—slower than the 12 percent seen in April.

Net foreign assets—the value of assets owned by Filipinos abroad against the value of assets in the country owned by foreigners—grew by just 0.9 percent from 2.9 percent in April.

The figure was dragged down by foreign banks’ placements in local financial institutions.

The BSP said the growth in bank lending was driven by demand from the real estate, wholesale and retail, financial intermediation, and manufacturing sectors.

Loans to agriculture, hunting and forestry fell by 6.5 percent. Loans for fishing activities also went down by 3.6 percent.

“The continued brisk growth in bank lending suggests adequate funding for domestic economic activity in the months ahead,” the central bank said.

Meanwhile, the amount of local banks’ dollar-denominated loans grew by 11 percent in the first quarter of the year amid strong demand from businesses.

Outstanding loans of foreign currency deposit units (FCDU) of local banks stood at $9.7 billion—up from the $8.7 billion seen at the end of last year, BSP data showed.

The BSP said the “acceleration in loan disbursements” by FCDUs was a result of the low interest rates, “a stable exchange rate, and positive business and consumer sentiment due to strong macroeconomic fundamentals.”

Medium to long-term loans represented 61.1 percent of the total, while short-term loans, or those maturing in less than a year, made up the rest.

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Short URL: http://business.inquirer.net/?p=129425

Tags: Business , domestic liquidity , money supply

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Cebu Pacific may miss ’13 volume target

9:54 pm | Friday, June 28th, 2013

Cebu Pacific, the country’s biggest budget airline, could miss its passenger volume target this year, based on early indications, its top official said late Thursday.

The company, which carried 13.26 million passengers in 2012, was looking to grow this by about 13 percent to 15 million passengers this year.

“Although that remains our target, after the first quarter [results], we are going to be a little short,” Cebu Pacific CEO Lance Gokongwei told reporters on the sidelines of the company’s annual stockholders’ meeting.

Cebu Pacific, which leads main rival Philippine Airlines in terms of domestic passenger volume, has been struck by landing mishaps in airports in Davao and Manila.

Gokongwei during the meeting highlighted the importance of making the airline “safer” after he was peppered with queries from shareholders and the media.

The Civil Aviation Authority of the Philippines (CAAP) last week ordered the suspension of two Cebu Pacific pilots over the June 2 incident in Davao International Airport as the regulator faulted the accident to pilot error.

None of the 165 passengers on that flight were harmed after the aircraft skidded off the runway before ending up 800 meters away, shutting down the airport for two days.

Calling the month of June a “difficult” time for the company, Gokongwei reiterated safety reforms that it would take.

“We will make our safe airline even safer. We have no other consideration,” Gokongwei said.

He said the company plans to beef up its pilot training program relating to landing and taking off in poor weather conditions.

He said Cebu Pacific had also tapped Airbus, which manufactures most of Cebu Pacific planes, to conduct an independent audit of its flight operations.

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Short URL: http://business.inquirer.net/?p=129421

Tags: airlines , Business , Cebu Pacific , passenger volume target

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EU trade aid seen boosting PH exports

By Riza T. Olchondra

Philippine Daily Inquirer

9:53 pm | Friday, June 28th, 2013

Expanded exports to the European Union and other major markets are among the many benefits the Philippines is expected to enjoy through the P453-million third phase of the Trade Related Technical Assistance Project (TRTA3).

The EU-funded TRTA is designed to help the Philippines trade more with the rest of the world and to attract more investments, officials said at the launching ceremony Friday.

EU Ambassador Guy Ledoux said the TRTA3 expanded its support for the Philippines’ economic growth, job creation and promotion of competition.

The EU likewise wanted to encourage fiscal independence of the Bureau of Customs to shield it from “patronage” politics, and take the country further on a “sustainable growth path.”

With the agreement, trade between the Philippines and the EU could grow from the $10.6 billion posted in 2012.

There is also potential for more investments from the EU, which contributed 40 percent or $2.57 billion to the total approved investments last year, Trade Secretary Gregory Domingo said in a speech.

The latest contribution brings EU’s total trade-related assistance to the Philippines to P1.02 billion since 2005.

Such funding supports policy and regulatory reforms to strengthen industry competitiveness and promote “genuine” competition, officials said. The grant is seen to strengthen food safety measures and control systems for local products to gain access to international markets, and contribute to the consolidation and establishment of new systems to reduce costs and delays of engaging in trade. The project also helps provide on-demand services to the public sector and business associations.

The TRTA3 builds upon the successes of the first two phases, which boosted the Philippines’ ranking to 61st from 68th position in the “trading across border” index of the World Bank’s “Business Report.”

Domingo said the TRTA3 will help the Philippines gain further momentum on economic growth of 6.6 percent in 2012 and strengthen cooperation between the Philippines an the EU. The Philippines is aiming for an average of 7 to 8 percent growth from 2011 to 2016.

Formally launched on June 28, 2013 for implementation until 2016, TRTA3 was preceded by TRTA2 between 2008 and 2012 and TRTA1 from 2005 to 2008.

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Short URL: http://business.inquirer.net/?p=129413

Tags: Business , European Union , Exports , trade aid

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AUB extends P900-M credit facility to sugar producer

By Doris C. Dumlao

Philippine Daily Inquirer

3:48 pm | Friday, June 28th, 2013

MANILA, Philippines—Sugar producer Roxas Holdings Inc. has tapped into a P900-million credit facility from Asia United Bank.

In a disclosure to the Philippine Stock Exchange on Friday, RHI executive chair Pedro Roxas said the lines granted by AUB, together with the group’s free cash flow, would enable the company to grow its business and improve operational efficiencies.

The credit facility consisted of omnibus lines of P450 million each to RHI subsidiaries Central Azucarera Don Pedro, Inc. (CADPI) in Batangas and Central Azucarera de la Carlota, Inc. (CACI) in Negros Occidental.

AUB president Abraham Co commended the partnership between the sugar group and the banking arm of the Rebisco group of Companies. “The credit facility that AUB granted to RHI will nurture the strong relationship between the two companies and foster more collaboration in the future as AUB supports RHI’s vision to be globally competitive,” Co said.

Apart from lending to the sugar business, AUB also opened a credit facility for the group’s property development arm. AUB granted a P200 million credit to RHI’s sister company, Roxaco Land Corporation, the property arm of Roxas & Co., Inc.

Roxas, who is also president and CEO of Roxaco, said the group would use the loan proceeds to fund expansion projects that spill over from Batangas to other key tourist destinations in the Philippines.

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Short URL: http://business.inquirer.net/?p=129335

Tags: Asia United Bank , Business , credit facility , Roxas Holdings Inc.

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Thursday, June 27, 2013

Tokyo’s Nikkei stock index closes 3.51 percent higher

Agence France-Presse

2:18 pm | Friday, June 28th, 2013

A man checks his mobile phone in front of the electronic stock board of a securities firm in Tokyo Wednesday, June 26, 2013. Asian markets mostly rose Wednesday as dealers welcomed another batch of strong US data while China’s central bank said it had moved to ease a liquidity crisis that has gripped the country’s financial markets. AP PHOTO/ITSUO INOUYE

TOKYO–Tokyo stocks jumped 3.51 percent Friday as Japan’s premier bourse got a boost from a weaker yen and following comments from US Federal Reserve officials aimed at soothing concerns over its stimulus programe.

The benchmark Nikkei 225 index closed up 463.77 points to 13,677.32, while the Topix index of all first-section shares climbed 3.19 percent, or 35.01 points, to 1,133.84.

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Short URL: http://business.inquirer.net/?p=129327

Tags: business and finance , economy , Nikkei , Stock Activity , Stock Market , Topix index

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

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usd and usd

Friday, June 28, 2013

Chart to Watch - IVAC

Gov’t ratchets up poverty reduction thrust

5 sectors said to be critical in generating jobs

PH money supply grew by 16.3% in May

Cebu Pacific may miss ’13 volume target

EU trade aid seen boosting PH exports

AUB extends P900-M credit facility to sugar producer

Thursday, June 27, 2013

Tokyo’s Nikkei stock index closes 3.51 percent higher

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