Found 2530 related files. Current in page 5
Technical Analysis in the Foreign Exchange Market Christopher J. Neely and Paul A. Weller Working Paper 2011-001B http://research.stlouisfed.org/wp/2011/2011-001.pdf January 2011 Revised July 2011 FEDERAL RESERVE BANK OF ST. LOUIS Research Division P.O. Box 442 St. Louis, MO 63166 ______________________________________________________________________________________ The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis Working Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Prepared for Wiley’s Handbook of Exchange Rates Technical Analysis in the Foreign Exchange Market Christopher J. Neely* Paul A. Weller July 24, 2011 Abstract: This article introduces the subject of technical analysis in the foreign exchange market, with emphasis on its importance for questions of market efficiency. “Technicians” view their craft, the study of price patterns, as exploiting traders’ psychological regularities. The literature on technical analysis has established that simple technical trading rules on dollar exchange rates provided 15 years of positive, risk-adjusted returns during the 1970s and 80s before those returns were extinguished. More recently, more complex and less studied rules have produced more modest returns for a similar length of time. Conventional explanations that rely on risk adjustment and/or central bank intervention do not plausibly justify the observed excess returns from following simple technical trading rules. Psychological biases, however, could contribute to the profitability of these rules. We view the observed pattern of excess returns to technical trading rules as being consistent with an adaptive markets view of the world. Keywords: exchange rate, technical analysis, technical trading, intervention, efficient markets hypothesis, adaptive markets hypothesis
Symbols Registered trademarks: RBabySmart™ is a registered trademark of the Siemens Automotive Corp. RBluetooth® is a registered trademark of the Bluetooth SIG Inc. RESP® is a registered trademark of Daimler AG. RHomeLink® is a registered trademark of Prince, a Johnson Controls Company. RLogic 7® is a registered trademark of Harman International Industries, Incorporated. RMicrosoft® a registered trademark of the Microsoft Corporation in the USA and in other countries. RSIRIUS and related brands are registered trademarks of SIRIUS XM Radio Inc. RWindows Media® is a registered trademark of the Microsoft Corporation in the USA and in other countries. In this Operator's Manual you will find the following symbols: G Warning Warning notices draw your attention to hazards that endanger your health or life, or the health or life of others. ! Warning notices draw your attention to hazards that could cause damage to your vehicle. i Practical tips or other information that could be helpful to you. X X Y page This symbol indicates instructions that you must follow. A number of these symbols appearing in succession indicates instructions with several steps. This symbol tells you where to look for further information on a topic. 2010-05-20T09:17:30+02:00 - Seite 2 Version: 220.127.116.11 YY This symbol marks a warning or procedure which is continued on the next page. Display Text in the multifunction display/ COMAND display. BA 204 USA, CA Edition A 2011; 1; 5, en-US hereepe 2010-05-20T09:17:30+02:00 - Seite 1 Version: 18.104.22.168 Welcome to the world of Mercedes-Benz Before you drive off, please familiarize yourself with your vehicle and read this manual, especially the safety and warning notices. This will help you to obtain the maximum pleasure from your vehicle and to avoid endangering yourself and others. The equipment or product designation of your vehicle may vary depending on: Rmodel Rorder Rcountry specification Ravailability Mercedes-Benz is constantly updating its vehicles to the state of the art. Mercedes-Benz therefore reserves the right to introduce changes in the following areas: Rdesign Requipment Rtechnical features You cannot therefore base any claims on the data, illustrations or descriptions contained in this manual. The following are integral parts of the vehicle: ROperator's Manual Instructions1 RService Booklet RSupplements relating to vehicle equipment Keep these documents in the vehicle at all times. When you sell the vehicle, always pass the documents on to the new owner. The technical documentation team at Daimler AG wishes you safe and pleasant motoring. Mercedes-Benz USA, LLC Mercedes-Benz Canada, Inc. A Daimler Company
This booklet contains photographs of the installation and initial testing of two True Energy BLF 100 DC Sure Chill® vaccine refrigerators in Vietnam. The refrigerators were installed in May 2011, one in Thanh Ba district, Phu Tho province and the other in Thanh Phu district, Ben Tre province. The photo set accompanied an article on vaccine refrigerators in the April 2012 edition of Op.ti.mize, an electronic newsletter on the vaccine supply chain. You can view an archive of all Op.ti.mize newsletters here: www.path.org/projects/project-optimize-newsletter For more information on project Optimize: www.path.org/projects/project-optimize www.who.int/immunization_delivery/optimize Traditional solar refrigerator systems use batteries to store the sun’s energy for the night and cloudy periods. However, problems with battery maintenance have made solar refrigeration a challenge in many low-resource settings. To address the battery problem, refrigerator manufacturers have created a new category of solar refrigeration that eliminates the need for an energy-storage battery. Vietnam has piloted this battery-free solar refrigeration system to evaluate it as a vaccine storage solution, especially in areas where electricity is limited.
PROGRESS IN PHOTOVOLTAICS: RESEARCH AND APPLICATIONS Prog. Photovolt: Res. Appl. 2011; 19:84–92 Published online in Wiley Online Library (wileyonlinelibrary.com). DOI: 10.1002/pip.1088 RESEARCH: SHORT COMMUNICATION: ACCELERATED PUBLICATION Solar cell efﬁciency tables (version 37) Martin A. Green1*, Keith Emery2, Yoshihiro Hishikawa3 and Wilhelm Warta4 1 2 ARC Photovoltaics Centre of Excellence, University of New South Wales, Sydney 2052, Australia National Renewable Energy Laboratory, 1617 Cole Boulevard, Golden, CO 80401, USA 3 National Institute of Advanced Industrial Science and Technology (AIST), Research Center for Photovoltaics (RCPV), Central 2, Umezono 1-1-1, Tsukuba, Ibaraki 305-8568, Japan 4 Department of Solar Cells—Materials and Technology, Fraunhofer Institute for Solar Energy Systems, Heidenhofstr. 2, Freiburg D-79110, Germany ABSTRACT Consolidated tables showing an extensive listing of the highest independently conﬁrmed efﬁciencies for solar cells and modules are presented. Guidelines for inclusion of results into these tables are outlined and new entries since June 2010 are reviewed. Copyright # 2010 John Wiley & Sons, Ltd. KEYWORDS solar cell efficiency; photovoltaic efficiency; energy conversion efficiency *Correspondence Martin A. Green, ARC Photovoltaics Centre of Excellence, University of New South Wales, Sydney 2052, Australia. E-mail: firstname.lastname@example.org Received 12 October 2010
Antireflection in Terms of Performance Benefit Quality glass morning and evening times Panasonic is truly committed to quality since it began developing Superior Temperature Performance Asand manufacturing solar PV modules in 1975. Our long track or more temperatures rise, HIT Power solar panels produce 10% record is supported with our claim-rate of only 0.00214 solar panels at the electricity (kWh) than conventional crystalline silicon % or 62 product- guarantee cases out of 2,885,689 solar modules same temperature. produced in our European factory in Dorog, Hungary (as of Nov. 2011) with 0 cases of output guarantee and 0 guarantee- related Quality and Reliability legal challenges. Panasonic is truly committed to quality since it began developing and manufacturing solar PV in 1975. Since pioneering, developing and launching HIT Solar cells in the 1990s, we have been the technology leader, and for decades many satisfied customers have placed their trust in the competence in our unique HIT Technology. Power Guarantee High performance at high temperatures The power ratings for HIT Power panels guarantee customers receive Even at high temperatures, the HIT solar cell can maintain higher 100% of the nameplate rated power (or more) at the time of purchase, efficiency than Quality a conventional crystalline silicon solar cell. enabling owners to generate more kWh per rated Watt, quicken Panasonic returns, and help realize since it began developing investments is truly committed to qualitycomplete customer satisfaction. Benefit in Terms of Performance and manufacturing solar PV modules in 1975. Our long track
Since June 19, 2011, the automobile industry in Europe has been subject to EU Regulation 566/2011, according to which manufacturers are obligated to release electronic data enabling the exact identification of replacement parts for vehicles. This will further strengthen the position of independent service providers in the aftermarket sector, a sector that includes automotive services, parts, and the maintenance business. In the future, independent operators will thus have the same access to electronic repair and diagnostic information enjoyed by authorized repair shops. With this, the EU Commission is systematically following the path it has pursued since the turn of the century with a variety of regulatory amendments (e.g., 1400/2002; 715/2007; 692/2008; 595/2009; 461/2010; 64/2012). The goal is to create a competitive landscape in Europe in which independent repair shops and authorized repair shops compete to serve different customer needs and segments. The idea is to strengthen the customer’s position and to encourage intense competition on all levels of the repair and parts value chain. So far, the Commission seems to have been successful in realizing this goal: Independent service providers have in recent years further expanded their parts and service businesses at the expense of OEM; traditional authorized repair shops are experiencing (price) pressure from large independent service providers; and in the meantime, non-traditional players have also entered the market: Insurers, fleet operators, and leasing firms have long since begun to strike exclusive agreements with independent repair shops, effectively lowering their costs and channeling customers to contractually agreed independent service providers.
Intellectual property – the process which includes the creation, manufacture and marketing of a product – can be a manufacturer’s most valuable asset. Intellectual property rights (IPR) violations can come in a variety of forms including counterfeiting, trademark infringement, gray market, diversion, country of origin or non-compliant parts. It is a serious issue and, in today’s global marketplace, a company may never know its rights are being violated. Counterfeit products are at the forefront of these IPR issues. Any recognizable brand is at risk of being counterfeited – from clothing and handbags, music and movies, pharmaceuticals and parts for automobiles and heavy duty trucks and equipment. The global counterfeit problem is estimated at $600 billion per year, according to the Federal Trade Commission (FTC) and the World Customs Organization in Interpol. As a result, the FBI has labeled counterfeiting as the “Crime of the 21st Century”. Counterfeiting is not a victimless crime. Consider that: • Counterfeiting steals desirable manufacturing jobs. • Counterfeiting destroys brand reputation of legitimate companies and poses product liability claims. • The sale of counterfeit goods has been linked to organized crime and terrorist organizations. The motor vehicle parts industry – those manufacturers who produce the parts and components used to repair everything from passenger cars to over-the-road trucks – have been hit hard by counterfeiting. It is estimated that counterfeiting costs the global motor vehicle parts industry $12 billion a year and $3 billion in the United States alone, according to the Federal Trade Commission (FTC) and the World Customs Organization in Interpol. The problem grows larger every year – in a report released in June 2006, Frost & Sullivan projected global losses as high as $45 billion by 2011.
European Journal of Medical Research Study Summary November 2009 Sore throat: echinacea-sage spray just as effective as standard medication1 Study objective The first symptom of almost all acute respiratory infections (ARI) is sore throat, which is caused mainly by viral infections of the nasopharynx. Even the most widespread etiological agents of common cold – rhinoviruses – first affect the throat where they cause soreness and only then spread to the nasal region . A considerable proportion of all common cold treatments are therefore formulated to combat and relieve sore throat and the associated inflammation-induced symptoms such as swallowing difficulties. The study described evaluates the effectiveness of acute treatment with a throat spray containing echinacea (Echinacea purpurea) and sage (Salvia officinalis) compared to a standard combination preparation of chlorhexidine and lidocaine in acute painful tonsillitis and/or pharyngitis . Investigators PD Dr. med. Andreas Schapowal, Landquart Allergy Clinic/CH, D. Berger, Schüpfen/CH, Dipl.Math. Peter Klein, Rohrbach/D and Andy Suter, Roggwil/CH and 11 general practitioners. Study design The study was conducted as a multicentre (11 general practices), randomised, double-blind, placebo-controlled trial with a double-dummy design in two parallel groups. The objective was to test the non-inferiority of the echinacea/sage spray compared to the chlorhexidine/lidocaine spray. Study participants After approval by the ethics committees, 154 patients with acute pharyngitis or tonsillitis and sore throat were enrolled in the study. Inclusion criteria: age > 12 years, onset of symptoms < 72h before enrolment and tonsillopharyngitis symptom index ≥ 6. The exclusion criteria related to the use of various medications prior to study enrolment (analgesics < 12h, antibiotics < 24h, mouth and throat therapeutic preparations < 4h, systemic corticosteroids < 1 month). Further reasons for exclusion: bacterial infections or severe systemic diseases, allergies/intolerance to ingredients of the products, as well as pregnancy and breast feeding. Study medications The plant-based active preparation consisted of extracts of Echinacea purpurea (L.) Moench (Echinaforce® concentrate: fresh herb – 95%, roots – 5%) and Salvia officinalis in an extract ratio of 67.8% : 32.2% (A.Vogel Halsschmerz Spray®, A.Vogel AG). The chemically defined reference product contained 1% chlorhexidine gluconate and 2% lido-caine HCl (Collunosol®, Sanofi AG). The placebos used for the double-dummy technique largely corresponded in appearance, taste and aroma to the original products.
A quarterly publication of the Manchester Historical Society, Inc. / 175 Pine Street / Manchester, Connecticut 06040 / (860) 647-9983 The Winds Blew, The Trees Flew: Pitkin Family Wagon at East Granby Rally T he horse-drawn express wagon in our collection was displayed at the East Granby horse-drawn vehicle rally in October. The weather was perfect and a large number of wagons, carriages, sleighs and even a real Concord stage coach were present. Our wagon was originally owned by the William Pitkin family of Pitkin Street in the early 1930s. Society member Mary Jane Pitkin Cooper remem- bers when her father brought it home for the first time. Her brothers and sisters and the neighborhood children really enjoyed riding in it and even putting it to work on the family farm (where Concordia Lutheran Church now stands). The family had a pony named “Billy” who provided the one “horse” power for the wagon. John Hovey’s grandson Andrew Pryce sitting in the driver’s seat of the Pitkin wagon. New Wheelchair Ramp Installed at Entrance to Loom Room Project Completed by Manchester Eagle Scout C hris Kopytko of Manchester Boy Scout Troop 25 recently constructed a wheelchair ramp at the entrance to the Loom Room on the ground floor of the History Center building for his Eagle Scout project. He also rebuilt the stairway leading to the rear door of the Loom Room. Chris, working with several other scouts designed the project and obtained the required materials. The exterior ramp and platform are constructed of pressure treated wood, for longevity. This makes the Loom Room wheelchair accessible for visitors, who previously had to enter through the inconvenient double doors at the large canopy. Chris Kopytko (standing) works with fellow scouts Joseph and Andre. www.manchesterhistory.org President’s Report by John Dormer [Delivered at the Society’s Annual Meeting on October 23, 2011]
Boeing B747-400/-400F/-8/-8F Description: Boeing B747-400/-400F/-8/-8F Language: English Final/Draft/Interim: Final OEB Report category: Aeroplanes Manufacturers: BOEING COMPANY (THE) European Aviation Safety Agency: Ottoplatz 1, D-50679 Cologne, Germany - easa.europa.eu An agency of the European Union EUROPEAN AVIATION SAFETY AGENCY Operational Evaluation Board Report Boeing 747-400 / -400F / -8 / -8F Flight Crew Qualifications Report, Rev 2 27 Nov 2013 European Aviation Safety Agency Postfach 10 12 53 D-50452 Köln Germany EASA Operational Evaluation Board Boeing B747-400/-8/-8F – Flight Crew Qualifications Boeing 747-400 / -400F / -8 / -8F Operational Evaluation Board – Flight Crew Qualifications Captain Graham Pass EASA OEB B747 Chairman Captain Klaus Walkner EASA OEB Expert Operational Suitability – Fixed Wing Aircraft – Experts Department, EASA Certification Directorate Captain Herbert Meyer Section Manager, Operational Suitability – Fixed Wing Aircraft – Experts Department, EASA Certification Directorate Revision Record Rev. No. First Issue Content Date new evaluation 18 Oct 2011 Rev 1 B747-8/-8F initial type rating training added. OneEngine Out Ferry Flight Recommendations for B747-400/-400F added. CTLC B747 towards B787 added. 05 Jun 2013 Rev 2 One-Engine Out Ferry Flight Recommendations amended, including B747-8/-8F. 27 Nov 2013 B747-400/-8/-8F OEB, Rev. 2 page 2 EASA Operational Evaluation Board Boeing B747-400/-8/-8F – Flight Crew Qualifications