Stylized Facts of the FX Market Transactions Data: An Empirical Study

In this paper, we focus on studying the statistical properties (stylized facts) of the transactions data in the Foreign Exchange (FX) market which is the most liquid financial market in the world. We use a unique high-frequency dataset of anonymised individual traders? historical transactions on an account level provided by OANDA. To the best of our knowledge, this dataset can be considered to be the biggest available high-frequency dataset of the FX market individual traders? historical transactions. The established stylized facts can be grouped under three main headings: scaling laws, seasonality statistics and correlation behaviour. Our work confirms established stylized facts in the literature but also goes beyond those as we have discovered four new scaling laws and established six quantitative relationships amongst them, holding across EUR/USD and EUR/CHF transactions

A Directional-Change Events Approach for Studying Financial Time Series

Financial markets witness high levels of activity at certain times, but remain calm at others. This makes the flow of physical time discontinuous. Therefore using physical time scales for studying financial time series, runs the risk of missing important activities. An alternative approach is the use of an event-based time that captures periodic activities in the market. In this paper, we use a special type of event, called a directional-change event, and show its usefulness in capturing periodic market activities. Our study confirms that the length of the price curve coastline as defined by directional-change events, turns out to be a long one

La hoja informativa de riegos, en marcha

El Departamento de Agricultura y Medio Ambiente de la Diputación General de Aragón, junto con el Centro Meteorológico Territorial de Aragón, la Rioja y Navarra, han desarrollado una Hoja Informativa de Riegos en Aragón, que se publica los domintos [sic] en la prensa regional, con el fin de informar a los regantes sobre las necesidades de riego smanales de los principales cultivos en las distintas comarcas agrarias con superficies importantes de regadío. Estas necesidades se han calculado para unas condiciones medias de cultivo, suelo, prácticas agronómicas y manejo del agua y, por tanto, pueden precisar de reajustes para su aplicación a las condiciones particulares del usuario. El conocimiento de las necesidades de riego de los cultivos a tiempo real es una necesidad para el uso eficiente del agua de riego en los regadíos aragoneses.Peer reviewe

The Synergistic Protective Effect of γ-Oryzanol (OZ) and N-Acetylcysteine (NAC) against Experimentally Induced NAFLD in Rats Entails Hypoglycemic, Antioxidant, and PPARα Stimulatory Effects

This study estimated that the combined effect of γ-Oryzanol and N-acetylcysteine (NAC) against high-fat diet (HFD)-induced non-alcoholic fatty liver disease (NAFLD) in rats also estimated some of their mechanisms of action. Adult male rats were divided into seven groups (n = 8 each) as control, control + NAC, control + γ-Oryzanol, HFD, HFD + NAC, HFD + γ-Oryzanol, and HFD + NAC + γ-Oryzanol. NAC was administered orally at a final concentration of 200 mg/kg, whereas γ-Oryzanol was added to diets at a concentration of 0.16. All treatments were conducted for 17 weeks and daily. Both NAC and γ-Oryzanol were able to reduce final body weights, fat weights, fasting glucose, fasting insulin, serum, and serum levels of liver function enzymes as well as the inflammatory markers such as tumor necrosis factor-α (TNF-α), interleukine-6 (IL-6), and leptin in HFD-fed rats. They also improved hepatic structure and glucose tolerance, increased adiponectin levels, and reduced serum and hepatic levels of triglycerides (TGs) and cholesterol (CHOL) in these rats. These effects were concomitant with a reduction in the hepatic levels of lipid peroxides (MDA) and serum levels of LDL-C, but also with an increment in the hepatic levels of superoxide dismutase (SOD) and glutathione (GSH). Interestingly, only treatment with γ-Oryzanol stimulated the mRNA levels of proliferator-activated receptor alpha (PPARα) and carnitine palmitoyltransferase 1 (CPT1) in the liver and white adipose tissue (WAT) of rats. Of note, the combination therapy of both drugs resulted in maximum effects and restored almost normal liver structure and basal levels of all the above-mentioned metabolic parameters. In conclusion, a combination therapy of γ-Oryzanol and NAC is an effective therapy to treat NAFLD, which can act via several mechanisms on the liver and adipose tissue

Adsorption of Pb²⁺ by Activated Carbon Produced by Microwave-Assisted K₂CO₃ Activation of Date Palm Leaf Sheath Fibres

Date palm trees generate large amounts of various types of waste, including leaf sheath fibres, which can be used as a low-cost precursor for the production of biochar, including activated carbon (AC), which can be employed for the adsorption of contaminants. In the current study, activated carbon was produced from leaf sheath fibres of date palms (LSDPFAC) by the use of chemical activation with K2CO3 combined with microwave irradiation, and it was characterised and evaluated for its adsorptive capacity of lead ions (Pb2+). The Brunauer–Emmett–Teller (BET) surface area, Langmuir surface area, total pore volume and average pore diameter of the LSDPFAC were 560.20 m2/g, 744.31 m2/g, 0.29 cm3/g and 2.47 nm, respectively. A greater adsorption of Pb2+ was observed when its concentration was higher in the solution, and the greatest adsorption capacity of 5.67 mg Pb/g was observed at the highest pH. The results of isotherm and kinetic studies demonstrated that the adsorption of Pb2+ onto the LSDPFAC was best described by the Freundlich isotherm and pseudo-second-order (PSO) models. The Langmuir ΔG° and Ea were 6.39 kJ/mol, 0.12 kJ/mol K, −31.28 kJ/mol and 15.90 kJ/mol, respectively, which demonstrated that the adsorption of Pb2+ by the LSDPFAC was endothermic, spontaneous and governed by physisorption

Caudal analgesia with buprenorphine for postoperative pain relief in children

Caudal buprenorphine was investigated as a postoperative analgesic in a randomized double blind study in thirty children aged 5-12 years undergoing lower abdominal and lower limb surgery. Comparison was made between two groups of patients, one group receiving plain bupivacaine and the other a combination of plain bupivacaine with buprenorphine. Postoperative analgesia was assessed using a linear analogue scale, and by the response to direct questioning of children using an illustration of sequence of faces. Any untoward side effects and the need for additional analgesics were recorded. The degree and duration of analgesia was far superior in the buprenorphine group and there was a highly significant difference in the requirement of postoperative analgesia between the two groups. There were no major adverse side effects and no motor weakness in either groups, however the incidence of nausea and vomiting was higher in the buprenorphine group. It is concluded that a combination of bupivacaine with buprenorphine administered through the caudal epidural space is a safe and reliable means of providing postoperative pain relief in children for up to 24 h