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Thursday, November 5, 2009

Hadrian's Wall

Hadrian was born on January 24, 76 A.D. He died on July 10, 138, having been emperor since 117. During this time he worked on reforms and consolidated the Roman provinces. For eleven years Hadrian toured his empire.Not all was peaceful. When he tried to build a temple to Jupiter on the site of Solomon's temple, the Jews revolted in a war lasting three years. His relations with the Christians were generally not confrontational, but during Hadrian's stay in Greece (123-127) he was initiated into the Eleusinian Mysteries, according to Eusebius, and then, with new-found pagan zeal, persecuted local Christians.It is claimed Trajan, his adoptive father, had not wanted Hadrian to succeed him, but was thwarted by his wife, Plotina, who covered up her husband's death until she could make sure of Hadrian's acceptance by the senate. After Hadrian became emperor, suspicious circumstance surrounded the assassination of leading military figures from Trajan's reign. Hadrian denied involvement.Mementos of Hadrian's reign persist in the form of coins and the many building projects he undertook. Most famous is the wall across Britain that was named Hadrian's Wall after him. Hadrian's Wall was built, beginning in 122, to keep Roman Britain safe from hostile attacks from the Picts. It was the northernmost boundary of the Roman empire until early in the fifth century.The wall, stretching from the North Sea to the Irish Sea (from the Tyne to the Solway), was 80 Roman miles (about 73 modern miles) long, 8-10 feet wide, and 15 feet high. In addition to the wall, the Romans built a system of small forts called milecastles (housing garrisons of up to 60 men) every Roman mile along its entire length, with towers every 1/3 mile. Sixteen larger forts holding from 500 to 1000 troops were built into the wall, with large gates on the north face. To the south of the wall the Romans dug a wide ditch, (vallum), with six foot high earth banks.Today many of the stones have been carted away and recycled into other buildings, but the wall is still there for people to explore and walk along, although this is discouraged.

Forex Update :-

Pound eases from 1.6560 session high despite bright manufacturing data

The Pound, which was trading around 1.6560, on recovery from 1.6460 session low, has dipped more than 40 pips to 1.6620 despite UK industrial output posting its largest monthly increase in the last 7 years.

AUD/USD: Aussie rally from 0.8915, capped at 0.9145

Australian Dollar's recovery from 0.8915 low on Nov 03 reached its top at 0.9145 on post-Fed Dollae4r softening, and the pair eased during Thursday's Asian session, reaching session low at 0.9025 on early European session.

On a wider perspective, Liviu Flesar, technical analyst at InnerFX defends that short-term bias is negative while resistance at 0.9200 persists: "Support is provided by .9020/50 and a break down could renew selling to .8950/60 which is a rising trend-line coming from .8240 as seen in the daily chart below. Short-term sentiment remains bearish as a break above .9200 is needed to signal uptrend resumption."

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