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Obama names Holder, Napolitano to lead domestic security

Barack ObamaWashington - US President-elect Barack Obama on Monday named Eric Holder and Arizona Governor Janet Napolitano to lead domestic security efforts in the United States.

Holder will be the United States' first African-American attorney general. One of his first jobs will be overseeing the closure of the US' controversial detention facility in Guantanamo Bay, Cuba, a pledge Obama made during the presidential campaign.

Obama said the choice of Holder, who served as deputy attorney general under former president Bill Clinton, was "even more important in a transition that demands vigilance."

Sheikh Abdullah hails the 37th National Day Anniversary

Sheikh Abdullah bin ZayedAbu Dhabi, Dec. 01st, 2008 --"The World had witnessed the birth of new nation 37 years ago. Since then the UAE has grown steadily to become a unique success unity role model", UAE Foreign Affairs Minister HH Sheikh Abdullah bin Zayed Al Nahyan, made an statement to Dira Al Watan Magazine, on advent of the 37th anniversary of the UAE Federation.

Official Hajj Mission Chairman tours UAE camps in Mina, Arafat

Official Hajj Mission Chairman tours UAE camps in Mina, ArafatMakkah, Dec. 1, 2008 The Chairman of the UAE Official Hajj Mission, Mohammed Obeid Al-Mazroui toured, Monday morning, the camps of UAE pilgrims in both Mina and Arafat to have first hand information about the level of preparations at the camps.

Al-Mazroui, expressed satisfaction over the progress of work on the two camps which are now receiving some finishing touches and being equipped with all necessary supplies to ensure the comfort of the UAE pilgrims during their stay at the camps.

EURO USD Technical Forex Analysis for Day Traders

GBP USD Technical Forex Analysis for Forex Traders

Rate forced lower to start the week after consolidating gains last week. Good bids reported but supply seen from semi-official names. Stops in range helps to pressure but support has failed at 1.5050 area. Traders note solid two-way action with stops cleared across several levels.

Sellers hold control above 1.5100 area so far but how the rate trades into US news today will tell more. OK to buy if flat on a dip. Profit-taking likely to result in a squeeze on the further strength. Technical trade overnight as traders decide near-term action with little to go on but the charts.

USD Technical Forex Analysis for Forex Traders

The USD is mixed in early New York after trading two-way and technical during the holiday shortened week. Traders note that a weak start to the week in Gold and Crude Oil is helping to support the USD overnight. Traders note the USD is holding roughly within existing ranges but that some stops were noted as the EURO and GBP crossed last weeks' opening range suggesting some technical trading continues in two-way action. Poor UK economic data pressured GBP in overnight action pushing the rate to a low print of 1.5010 in late European trade; traders note stops on a break of the 1.5120 area in size.

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