Thursday, June 16, 2011

Forex Trading Signals June 16th 2011 (Pre- EU Market Open)

EUR/USD intraday: the downside prevails. Pivot: 1.4215.
Most Likely Scenario: SHORT positions @ 1.4205 with 1.4065 & 1.4025 in sight.
Alternative scenario: The upside penetration of 1.4215 will call for a rebound towards 1.4265 & 1.4325.
Comment: The pair stands below its new resistance and remains under pressure, the RSI is mixed to bearish.
Trend: ST Ltd Upside; MT Range

GBP/USD intraday: under pressure. Pivot: 1.6225.
Most Likely Scenario: SHORT positions @ 1.6215 with 1.615 & 1.6105 in sight.
Alternative scenario: The upside breakout of 1.6225 will open the way to 1.6285 & 1.6325.
Comment: The pair remains under pressure and stands below its new resistance.

USD/JPY intraday: the upside prevails. Pivot: 80.60.
Most Likely Scenario: LONG positions @ 80.65 with 81.1 & 81.35 as next targets.
Alternative scenario: The downside penetration of 80.6 will call for a slide towards 80.35 & 80.25.
Comment: The RSI is supported by a rising trend line, the pair is on the upside and is challenging its resistance.

AUD/USD intraday: the downside prevails. Pivot: 1.0595
Most Likely Scenario: Short positions below 1.0595 with targets @ 1.0525 & 1.049 in extension.
Alternative scenario: Above 1.0595 look for further upside with 1.0625 & 1.065 as targets.
Comment: The RSI is mixed with a bearish bias.

For more daily signals, check the Free Forex Signals Link Below

Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)

Senate to follow ranking rules in allocation of offices, seats

Senate ranking rules, which led to the emergence of Senate President, David Mark, and his Deputy, Ike Ekweremadu, will again be applied in the allocation of offices and seats at the chamber, Vanguard learnt yesterday.

A senator, who belongs to Senate Think Tank vested with the responsibilities of allocating offices and seats for members of the seventh Senate, spoke to Vanguard on condition of anonymity, saying the Senate would follow strictly its ranking rules in sharing offices and seats.

“We will follow ranking rules strictly in the way we will allocate offices and seats at the chamber. This, we believe, will add more decorum to the manner legislative businesses are conducted in the Senate,” he added.

The source further said that the 32 returning senators will be given preference in the allocation of offices, ahead of newly elected senators and former members of House of Representatives and others.

The Senate Think Tank group has been holding meetings to fine tune ways to share offices and seats before the scheduled June 28 resumption of the Senate from recess.

By implication, the 32 returning Senators inclusive of the principal officers will have their offices in the just completed Senate new building extension.

The Senate New Building Extension Vanguard has gathered has two bathrooms, one en suit for personal use of the Senator, while the other is for legislative aids. But the old new building has only one bathroom per office, prompting most of the returning Senators to prefer the newly completed extension.


Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)

Activists fault dissolution of councils in Imo

A group, Campaign for Constitutional Justice (CCJ), has condemned the dissolution of local governments and Council of Ndieze in Imo State, saying Governor Rochas Okorocha erred in law.

In a statement issued in Enugu , the Regional Headquarters of CCJ, Southeast Chapter, Head of Programmes Dr. Kieran Igbojekwe, said: “Having carefully reviewed the governor’s maiden broadcast in Imo State , it became very clear that Chief Okorocha has to be advised on constitutional matters.

“The relevant state laws on the running of Imo State Council of Ndieze as provided in Imo State Law Number 6 of 2006 is very clear on Number 6, Section17A.

“Section 17A says that “the tenure of office of every executive member of the Imo State Council of Traditional Rulers shall be five years unless predetermined by resignation or death, it did not allow for sack by the Governor.”

The group argued that, “by law, there are only two conditions that can effect the untimely removal of the council member and they are resignation or death and not executive fiat that lacked merit in law or had not been proven by law”.

“The Imo State Council of Traditional Rulers is a creation of the laws of Imo State and by the law, it is tenured to five years,” CCJ noted, stressing that “the statutory provisions of the law are clear and should not be misinterpreted by any party”.

“Until either the council or any member is found guilty of an offence by a court or tribunal, the dissolution by a governor’s broadcast is illegal, unconstitutional and an abuse of the status book which the governor had sworn to protect”.

The group, therefore, called on the governor to retrace his steps as it concerns traditional institutions and reinstate the Council of Ndieze.

Efforts to get the views of the chairman, Imo State Council of Ndieze, Eze Cletus Ilomuanya and any other executive member or the council failed.


Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)

NBA slams Justice Auta over courtesy visit to EFCC boss

The Nigerian Bar Association, NBA, yesterday, turned a valedictory court session that was held in honour of the retired Chief Judge of the Federal High Court, Justice Daniel Dantsoho Abutu, to a tribunal of sort, as it openly slammed the incumbent CJ of the High Court, Justice Ibrahim Auta, saying the courtesy visit he made to the office of Chairman of the Economic and Financial Crimes Commission, EFCC, on Monday, was questionable.

The legal body, which bared its mind through a speech presented by its National President, Mr Joseph Bodunrin Daudu, SAN, insisted that “no matter how well intentioned and harmless the visit may be, it is inappropriate, considering that the EFCC is a prime litigant having so many high brow cases before the Federal High Court; it is for all intent and purposes a party before that court.”

Adducing reasons the CJ’s visit to the anti-graft agency should be deemed as ‘unholy’, the NBA contended that “it will raise so many questions that will bring the independence and impartiality of the court needlessly into question”, adding that it was unseemly for a trial High Court Judge to visit a prosecuting entity that has so many pending cases before his court.

Meanwhile, both Justice Auta and the EFCC boss, Farida Waziri, who equally graced the event as a special guest yesterday, wore embarrassing looks as the NBA president continued to inveigh against their alleged uncanny meeting.

Several dignitaries from both the legal and political sphere who attended the valedictory session held at the Federal High Court Headquarters in Abuja, discussed the issue in hushed tones, as the NBA continued to tongue-lash the newly appointed CJ over his courtesy visit to the EFCC.

According to the NBA President: “I have received calls from well meaning members of the Bar concerning the visit of the new Chief Judge, the highly respected Justice I.N Auta to the office of the EFCC chairman a few days ago.
“No matter how well intentioned and harmless the visit may be, it is inappropriate for the following reasons.

“The EFCC is a prime litigant having so many high brow cases before the Federal High Court; it is for all intent and purposes a party before that court. It is therefore unseemly for Judges of that court to visit a prosecuting entity. It will raise so many questions that will bring the Independence and impartiality of the court needlessly into question.

“It is not dignifying for a court to make such courtesy visits. It is demeaning to the dignity and prestige of the Court of Judges to file out of their hallowed chambers and troop to the office of Government functionaries for whatever reason. Will the Lord Chief Justice of England and his Judges pay a visit to the Metropolitan commissioner in Scotland Yard over matters that are before his court? That will never happen.

“The courts must strive to adhere to the concept of separation of powers. That laudable concept is eroded by unnecessary interaction between functionaries of these arms of government. Justice, my lord is a delicate ornament. It must be kept shining and transparent at all times.

“The Impression must never be given that one party (litigant) before the Court has an advantage over the other. It is likely the concept of fair hearing. It is not the hearing that matters it is the availing the parties the opportunity of being heard. So is the concept of bias.

“This is the position of the Nigerian Bar Association on this matter. We hope that our advice will be heeded. We consider this isolated happening as a faux-pas, which was not intended to be deleterious. Before it becomes a practice, it should however be discontinued”, he stated.

Meanwhile, the celebrant, Justice Abutu, faulted the present composition of the National Judicial Council, NJC, insisting that it would be wrong to allow the Chief Justice of Nigeria, who he said is the head of the Nigerian Judiciary by virtue of his position, to continue to function as the chairman of the council.

Justice Abutu said: “Experiences in this country have shown that petitions can be addressed to the NJC not only against non-members and members but also against the chairman of the council.

“I think because the council has disciplinary powers, the head of the judiciary should not be the chairman of the NJC. If the head of the judiciary is the chairman of the council, when, God forbid, we have a delinquent head of the judiciary, it will be difficult to discipline him.

“The president should appoint the chairman and members of the council from among retired former Chief Justices of Nigeria, retired Supreme Court Justices, retired Presidents of the Court of Appeal and retired Chief Judges, however, the head of the judiciary and the current statutory members should continue to be members of the council” he added.

Abutu equally maintained that the only way to overcome the unnecessary delays often experienced in the trial of cases in court, would be a further amendment of the constitution with a view to divesting parties’ of their right to interlocutory appeals.

“Interlocutory motions and interlocutory appeals are the major causes of delays. It seems to me that the only way we can combat the problem of delay is by regulation.

“The constitution must be amended and the provisions therein which gives parties the right to file interlocutory appeals and to apply for stay of proceedings pending appeal should be amended” he said.


Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)

'NYSC 5’: Kidnappers reduce ransom to N10m

The kidnappers of five National Youth Service Corps (NYSC) members in Rivers State have reduced the ransom from N100 million to N10 million.
Commissioner of Police Suleiman Abba said this yesterday at a briefing at the Police Officers’ Mess, Port Harcourt, the state capital.
He gave the names of the victims as Olumide Yusuf; Mrs. Funmilayo Fase; Chinonye Ejiogu; Nkechi Nweze and Vivian Okwuanya.
They should have passed out yesterday.
Abba said policemen, in collaboration with the military and the State Security Service (SSS), are closing in on the kidnappers, but would prefer to rescue the victims safely.
He said overt and covert patrols, surveillance, raids and investigations are being carried out to ensure quick rescue of the victims.
The hoodlums are insisting that the ransom must be paid but Governor Rotimi Amaechi said he would not negotiate with criminals.
The corps members were kidnapped at Omademe, on the Port Harcourt International Airport Road, near Igwuruta in Ikwerre Local Government on June 7.
The police commissioner paraded a robbery suspect Friday Anthony (25).
Two Sport Utility Vehicles; eight Ak-47 rifles; one Browning pistol, 500 live ammunition; 55 magazines; master keys; mask and charms were recovered.
The police chief said the Choba Divisional policemen stormed the Aluu hideout of the notorious kidnappers, armed robbers and murderers, who had been terrorising Port Harcourt and its environs, leading to the arrest of Anthony.
An ex-militant, Bishop Neli and two other members of the gang escaped with bullet wounds.

Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)

Blair urges Jonathan to set his priorities right

Former British prime minister, Tony Blair yesterday said leaders who desire to develop their nations must set their priorities right and be focused on what they intend to achieve.

Mr Blair spoke during an audience with President Goodluck Jonathan at the Presidential Villa, Abuja. "There is a gap between vision and reality and leaders must know how to do whatever they set out to do, given the reality of their situations," Mr Blair said, adding that knowing what to do is not hard.

Mr Blair, who runs the African Governance Initiative, also said leaders must recognise the importance of proper and efficient scheduling of their engagements, in order to make maximum use of the limited time available for governance.

Ready to share experience

He told Mr Jonathan that he is ready to share his experience with him and expressed satisfaction over what he said was Mr Jonathan's disposition to improve the potentials of Nigerians.

"I am working with Elumelu foundation as part of my Africa campaign solution," he said. "We have been working on charity and how to improve systems on governance solutions in Liberia and Sierra Leone where we are working on partnership. I have been to Abuja a couple of times and I just feel there is enormous promise and potential here and I will be glad to do all I can, not just to improve relations between Britain and Nigeria, but also because when I was in office, Africa was such an important passion and I have been in Abuja a couple of times and I think I like what I saw and there are enormous potential here that can be exploited." Mr Blair commended Mr Jonathan's focus on areas such as improving the infrastructure in the country, agriculture and power.

"I think the president has absolutely got the right priorities and the toughest challenges when he was in government, he is getting it done. He is focused on getting things done according to people's expectations," he said.

Mr Jonathan said Nigeria is committed to global peace and would continue to support any effort at ensuring peace and development.

He praised Mr Blair's collaboration with the Elumelu Foundation, adding that Africa would benefit from the former British prime minister's experience and effort.


Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)

Home | News | Pressure on Jonathan over Bankole, Nafada Pressure on Jonathan over Bankole, Nafada

THE President is under pressure to save former Speaker Dimeji Bankole and his deputy, Bayero Nafada. They are facing charges at the High Court for alleged fraud.
Speaker Aminu Tambuwal has met with Dr Goodluck Jonathan twice in the last 72 hours.
The “peace” meeting was said to have been at the instance of Senate President David Mark, whose plan is to put the seventh National Assembly on a sound footing, according to sources.
Many prominent Nigerians are mounting pressure on President Jonathan for a “political solution” to Bankole’s travails. They include many former and present members of the House, who are insisting that Bankole and Nafada are victims of politics.
The President, according to sources, met with the House leaders at the Presidential Villa on Monday and Tuesday.
A source, who pleaded not to be named because he is not permitted to speak to the media, said: “I think a rapprochement is in the offing between the President and the House leaders.
“Eminent Nigerians have intervened and they are already prevailing on Jonathan to overlook any political distortion which the emergence of Tambuwal would have caused.
“The new House leadership has also been humble in approaching the President informally at the Villa on Monday and Tuesday to resolve the crisis of confidence.
“Tambuwal and his deputy explained that they are not out to oppose the President in any manner. They also debunked allegations that those opposed to the President were behind their election.
“I think Jonathan may at the end of the day forgive these House leaders. The credit of the peace being brokered goes to the President of the Senate, who has been facilitating reconciliation at different levels.”
Responding to a question, the source added: “The House leaders also raised concern over the ongoing trial of Bankole and Nafada. They will prefer a political solution to the matter.”
A former principal officer of the 6th House of Representatives, who also pleaded not to be named, said: “Most of us believe that Bankole and Nafada are being persecuted purely for political reasons, especially for defying the directive of the Peoples Democratic Party on zoning for the emergence of Tambuwal.
“Bankole and Nafada are also paying for their sins for not re-amending the Open-Secret Voting System put in place by the 6th House, which paved the way for Tambuwal’s success.
“But, instead of blaming Bankole and Nafada, the PDP leadership should account for how things went wrong for the anointed candidate of the party, Mrs. Mulikat Akande-Adeola.
“The party leadership came to breathe down on new members of the House on why they must vote for Mrs Akande-Adeola. Our party leaders even threatened sanctions as if these new House members were school boys and girls.”
On how the House leadership ran into trouble, the source added: “Following agitations from members, we decided to ‘collapse all working costs’ duly appropriated in the budget and allocate equally to all members.”
Following the crisis over zoning – the PDP’s power sharing formula – the party’s National Working Committee (NWC) yesterday set up a committee to review the situation.
Zoning was truncated by the election of Speaker Aminu Tambuwal from the Northwest and his deputy, Emeka Ihedioha, from the Southeast. The positions were zoned to Southwest and Northeast.
The party leaders were said to have been sharply divided over the issue. Some were said to be of the opinion that zoning should be laid to rest, others insisted that zoning must be sustained for the overall interest of the country”.
The party’s National Publicity Secretary, Prof Rufai Ahmed Alkali, told reporters after the NWC meeting that the in-house committee would advise the NWC on the “way forward”.
Alkali did not give details of the composition of the committee and when it is expected to submit its report.
When asked what the position of the PDP’s leadership is on the zone to produce the next chairman, Alkali declined comments, saying the issue was not discussed at the meeting.
Besides, he did not speak on how the PDP intends to rein in its “straying” members in the House.
“The preoccupation of the NWC now is how to stabilise the system and the National Assembly,” Alkali said.
But, a source close to the meeting said the two issues on the day’s agenda were “zoning and party issues”.

Daily Jokes | Free Forex Signals | Ibadan City Network (Forum)
Related Posts Plugin for WordPress, Blogger...

ShareThis