₦airaland Forum

Risk aversion is back and USD is stronger against most counter parts after a downbeat statement from FED chairman Bernanke yesterday. Euro is on the weak side after German data disappointed. Market turns to the Beige book and later in the afternoon to the RBNZ rate decision. Moody's issues cautionary note on UK outlook.

German trade balance in April came out weaker at 12B compared to previous 15.1B which was worse than expected 14B. Industrial production in Europes biggest economy fell in April -0.6% from previous +1.2%. This reading marks the fourth consecutive month of deterioration. EZ Q1 GDP was confirmed at 0.8% and 2.5% y/y.

High volatility was seen across GBP pairs when Moodys senior analyst Sarah Carlson told MNI the UK could lose its prized AAA rating. Moodys spokesman subsequently clarified that UK downgrade is not Moodys central scenario. Recall earlier this week, Chancellor Osborne said he rejected calls for a Plan B to scale back his deficit-reduction plan. Meanwhile. the IMF cautioned over UK growth and employment outlook, but still recommended the BoE should raise rates.


At 2:00 pm the Federal Reserve releases its Beige Book report. Beige Book provides evidence supplied by Federal Reserve banks regarding their district economic conditions and is used in upcoming FOMC rate decision on June 22nd.

darqly:
But if a christian NEVER speaks in tongues, does that make him less a christian? Does it mean he's not properly Born again?

A big NO, it doesnt make him/her less a xtian but it
does make him/her less effective in the things of the
spirit.
Philemon6 makes it very clear that the only way
to make our xtian work effective is by acknowledging
every good things that is in us in Christ Jesus or
that Christ has accomplished for us.
Tongues is one of the things Christ has accomplished for
us and thats why it is very important that we acknowledge it
by practicing it.

Omo_Tier1:
Simply put, TONGUES have nothing to do with the Pentecostals or any denomination, rather, it is the 'gifted language' of the recreated man in Christ Jesus as in,(2Cor 5vs17) when a man does what is written in (Ro 10 vs 9-10); and this is the evidence »» MARK 16 vs 17 "And these signs will accompany those who believe: In my name they will drive out demons; THEY WILL SPEAK IN NEW TONGUES, " This is how my Jesus said (in a statement of fact)those who believe in him will be identified!

If you really want to get charged up then boy, you got to bust out in those tongues why you may ask , see 1Cor 14 vs 4-5.

Then,let me take you to 1Cor 14 vs 14-15 where Apostle Paul clearly shows you which is greater i.e praying/speaking in your understanding vs praying/speaking in Tongues. »Speaking/Praying are one and same!

Further, I will show you the secret of Apostle Paul's ministry success; 1Cor 14 vs 18 "I thank God that I speak in Tongues MORE than ALL of you" -WOW- He sure knew something is in it as We too have come to discover!

And in verse 19,He gives guidance on how not to get the babes in christ scared out in church when we come together.

In 1Cor vs22 it shows you this and I quote;
   "Tongues, then, are a SIGN, not for believers but for unbelievers; PROPHECY, however is for believers, NOT FOR UNBELIEVERS" , So where do you belong?

Then please take this home for yourself; 1Cor 14 vs 39.

However, there is even one much better; PROPHECY! But how then can a man prophesy if he is not charged up in the Holy ghost? When you release those tongues, you are speaking words not made for the understanding of the flesh-your sensual audibles-, you are giving instructions to angels in thier own languages, you are speaking the same language as the Spirit of the Father! Surely, something is bound to happen when you release those tongues with the WORD in Faith!

Please do not let the devil deceive you,Tongues are a very vital part of the successful christian living in today's world. I humbly recommend STUDYING the whole of 1Cor 14 and please humbly but aside whatever you might have heard or have been told about speaking in tongues and let the Holy Ghost minister to your spirit as you study that 1Cor chapter 14.

I love the way you lay it out in simple terms.

@Poster,
Not speaking in tongues as a xtian is like
not speaking your Language as a Yoruba,Igbo or an Hausa person
cos tongues or praying in  the Spirit is our heritage(Mark16:15-17)
The church that Christ died for is a spiritual church that needs
to communicate with God who is Spiritual being(John4:24).
Tongues does not only build you up(jude20) but it also allows
you to communicate with God in a language no one understands
even the devil(1Cor14:2).
When we speak in/with tongues we are speaking a language no one
understands even the devil(1Cor14:2) cos we are speaking mystery
even in the spirit.
I love to speak with tongues every day cos i know it builds me up
and allows to communicate with the Father of Spirits.
PRAISE GOD. WE WIN

The whole idea doesnt make sense to me at all
cos is more like a revenge match,btw why must it
be two days after a very tasking match.
Abeg make dem review the date jor, else na
wahala for eagles oooo

SUV:
first: for 1.5KVA inverter = u need at least 2.5KVA gen to charge it. that's what i have currently.

the first response is 100% correct.

Do not allow it to go off by itself cos it weakens the battery.

Equivalent load on inverter to Gen should be: i better pass = 1.5KVA inverter + 1 battery.

so do the maths in adding load to your inverter.

its good, efficient, no-noise, cheaper (on the long run), but you must have a generator before u can get an inverter cos u cannot rely on NEPA to charge your inverter even though NEPA charges it faster.

Cost: 1.5KVA (N25,000) + 1 battery (30,000) + installation (7,500) = N62,500.

then 2.5KVA gen (standby) **wink**

Good luck.

Lovely analysis

I hope dis make him scores more
goals

Omo no be small drop oo

Sentiment about the US economy continues to deteriorate and it is dragging down the dollar and stocks. The S&P 500 was higher with 1.5 hours remaining in the session but fell and then fell further after Bernanke delivered his remarks. Dollar bulls were hoping the Fed Chair to would dismiss economic weakness as transitory or that inflation was accelerating but Bernanke was cautious and said US growth so far this year is "somewhat slower than expected" and that inflation was a concern but doesnt see much evidence it is becoming broad-based. Stock market participants were hoping Bernanke would leave the dollar open for QE3 but he gave no hints at further stimulus.

London session sees USD weaker across the board. Euro supported not only by Chinese comments but also by stronger EZ Retail Sales and higher German Factory Orders. RBA kept rates unchanged. ALl eyes on Bernanke's speech in US evening for clues on the economy & latest round of Fed policy easing.

The RBA held rates steady at 4.75% as expected last night. The rate statement was somewhat milder, stating that monetary policy was appropriate. After the initial 80 pip spike down, the Aussie was able to recover about half of the losses since London open.

A very good and welcome development.
Thumbs Up

Na wa o for naija ooo

Blazay:
Please?
Are they Yoruba or Igbo?
Or Both?

will u ever grow up at all?

Na wa o for naija ooo

I love yesterday's pull back,giving me
a very good entry on EU and GU.

@Meshac,
Well said man, well said.

I know na hotmail u dey use but
i have the new version of ym that allows me to chat
with folks on other instant messenger.

I left you offline message now on ym.

@odiaro,
Ow was the weekend, i hope u got my offline?

Patiently waiting for GU to give me a buy signal,
am seriously avoiding any sell set up on that pair.
EU inclusive.

musKeeto:
One is a CEO involved in gospel

The other one is a shining example of God's love
"Our Lord wants me to be a free nun covered with the poverty of the cross. Today I learned a good lesson. The poverty of the poor must be so hard for them. While looking for a home I walked and walked till my arms and legs ached. I thought how much they must ache in body and soul, looking for a home, food and health. Then the comfort of Loreto [her former order] came to tempt me. 'You have only to say the word and all that will be yours again,' the Tempter kept on saying , Of free choice, my God, and out of love for you, I desire to remain and do whatever be your Holy will in my regard. I did not let a single tear come"
"
"Mother Teresa wrote many letters to her confessors and superiors over a 66-year period. She had asked that her letters be destroyed, concerned that "people will think more of me—less of Jesus"

Those inspired by one are inspired because of wealth and materialism.

The other inspires those who choose to seek God, and fully depend on Him.

There's no choice for me. I know who my role model is.

You spoke my mind on this one.

Desola:
@Jazes,

Weep no more. The truth of the matter is that we the youth are far worse than the oldies. Afterall the oldies, during their youthful days, witnessed law and order. We the youths however, were born and raised in 419 and total corruption. We know nothing else and it can only get worse. Infact, our generation is worse than the previous.

In the past, our parents went to the US and the UK for education but now our generation would forge documents to leave the country by all means with the hope of coming back in a year to build a mansion and ride the choicest cars. Some would even risk their lives in the dessert to cross the African border to get to Europe while somme others would resort to ritual killing or become drug barons. How many Nigerians have been killed in South East Asia for drug peddling?

Let face the glaring fact - Nigeria has no future!

@Desola,
I totally disagree with you on this one,granted what we see today
is a lot of corruption around us but our instinct tells us thats not
the way to live,we know corruption and its vices are bad thorns in
our flesh. You don't need to go to school to know that.
Let me correct your impression, we still have lots and lots of Nigerians
all over the world who are doing great and positive things.
The bottom line is that Nigeria has a great future and that future is
you and i.
Lastly let me say that there is no nation that can rise above the set
of people leading her(Leadership) and thats why we need to change this set of
leaders we have in our political offices today.
Something tells me we have many more of Fashola out there who
in spite of what is happening around them choose to stand out.
Watch it and tell anyone who cares to listen that i say: NIGERIA HAS A FUTURE

hackney:
Exactly.

That vegetable soup she cooked for you when you were going out; she was one of the ingredients.
your own don finish and no matter what anybody says here you will still send that money if you see her face or hear her voice.

The only solution is prayer or else you will end up stealing to please her.
coconut head.

eridah2007:
Anoda maga on board, poster, please kindly invite your colleagues to nland b4 its too late o.

Sometimes i weep for this country,when someone
like Bankole who ought to be an example for the
youth acts this way.Then i wonder what will become of this country
and more so we have a president who is also acting in the movie,
who is supposedly a youth too.

Naija i hail thee

The Australian dollar is the early leader and the USD trails in a quiet start to this weeks trading.
In Europe, Greeks continue to protest and Portugal elected a new government.
The ANZ job advertisements report highlights eco data ahead of Tuesdays RBA decision.

Early moves are pointing to a modest rise in risk appetite after a fall late last week.
The scope of moves has been small with AUD/USD climbing 30 pips to 1.0750 as the biggest mover.

Turmoil and change in Europe has not yet weighed on EUR as it remains very close to Fridays closing levels.
In Greece, protestors took to the streets for the twelfth consecutive day
with some estimates suggesting a crowd larger than 100K on Sunday.
In Portugal, the Social Democrats won general elections,
beating out the ruling Socialists.
The result was expected and incoming PM Coelho promised to meet all the terms of the 78 billion bailout.

It will be a quiet start data-wise with the TD Securities inflation estimate at 0030 GMT and
ANZ Banks job advertisements report for May at 0130 GMT.
The TD estimate was at 0.3% in April and 3.6% y/y.
The job ads report gained 1% in April in the twelfth consecutive monthly gain.

The Australian dollar is the early leader but liquidity will be low and
gains are likely to be limited by Tuesdays RBA meeting.
The latest survey shows 5 of 28 economists expecting a hike.
The OIS market is pricing in only two rate hikes for the next 12 months.

naijababe:
Spambot got my post o  it's in my profile if anyone is interested.

Eyah, sorry ooo my sister. I feel your pain
Abi make we protest against this spam bot ni oooo

I tire for the spam bot.

M M M:
never knew 2shot waz dat greedy.

There is nothing greedy abt what the man is asking for,
he has every right to do so and Nokia has every right to bargain too.

naijababe:
^ The bot is a biatch, but I guess we can't give up sha

Here is a link for newbies; I'll always try to share this kind of information when I get them

http://www.rockwelltrading.com/day-trading/free-content/the-top-six-mistakes-why-traders-lose-money/

Thanks jare

You can tell them to open an account called Nigerians Living in Diaspora
with GT Bank. Their fees is way lower than WU/MG.
Cheers

scopusng:
Only Moro.n.s still buy credit on their MTN line to make calls. Again, MOR.ONS. I dey vex.

Guy abeg no vex, oya take cold water.

M[b]THIEF[/b]N is the biggest thief in this country
after the Politicians . Only God knows the last
time i recharge the stupid sim self.

Spam bot no allow me start the new thread