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Philippines volcano: Residents flee as eruption threat looms

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AlJazeeraEnglish

More than 6,000 villagers have been forced to leave rural communities within a six-kilometre (3.7-mile) radius of the Mayon volcano’s crater in northeastern Albay province in the Philippines. Officials on Saturday said thousands more need to be moved to safety from the permanent danger zone amid another threat: monsoon rains that could be unleashed by an approaching typhoon. Authorities warned that Typhoon Guchol, which is approaching the Philippines from the Pacific but is projected to skirt the archipelago, may still dump heavy rains – unwelcome news for those living near Mayon’s slopes. “There’s a typhoon and floodwaters may rush down Mayon and swamp this village. That’s one of our fears,” […]

Candlestick Engulfing Pattern Tutorial

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FxTrading

Japanese candlesticks have one ability that most other chart types don’t – they can show so called “engulfing” patterns. An engulfing pattern is defined as when the open and close price of a bullish or bearish candle are within the range of the open and close price of the candle following them. When this happens many traders believe it is a sign that a trend has just finished and this is the best possible entry point. That’s the theory but as we know the market doesn’t always answer to predefined rules. That’s why David Jones includes real examples alongside the theory behind these specific chart patterns. You’ll also see different […]