Apple launches iPhone 4S

Apple launches in 7 countries, this Friday, October 14, 2011, the new iPhone, the iPhone 4S. From the United States to Sydney, via Tokyo and Europe, sales of the new smartphone Cupertino Group should again be very important while some even consider the purchase of the device as "a tribute to Steve Jobs! "By the end of October, the iPhone 4S will be available in 22 additional countries.

Google recorded a rise in revenues and profits in the third quarter of fiscal year

Google, the Californian leading of Internet advertising, has released its third quarter results. Its revenues were 9.72 billion dollars, up 33% year on year. The income excluding traffic acquisition costs ($ 2.2 billion) stand at 7.51 billion dollars, against $ 7.2 billion in consensus. The net result appears to 2.73 billion $ 2.17 billion against  a year before. EPS is thus $ 8.33, against $ 6.72 in Q3 2010. In non-GAAP EPS amounted to $ 9.72, against $ 8.74 consensus. Google said it had increased its workforce by 8.9% in three months, reaching the end of September, 31,353 employees across the world, and also displays a war chest of $ 42.6 billion! Finally, the social network 'Google +' now has 40 million users.

Pre-opening Wall Street: strong rebound with Google and retail sales (14-10-2011)

Wall Street climbs in pre-session on Friday, boosted by the quarterly of Google and retail sales clearly above the expectations, which are surprising taking into account the historically depressed of latest indicators of Americans confidence. Confidence will also issue a while ago, with the index of Michigan ...

According to the U.S Commerce Department on Friday, retail sales in the U.S for September 2011 increased at a rate of 1.1%, compared to the previous month, exceeding the consensus (0.5%). Excluding autos, sales were up by 0.6% against 0.2% of consensus. In addition, sales in August have been reviewed up to 0.3% (0.5% excluding automobile).

The import prices in the U.S for September 2011 climbed by 0.3%  against a consensus of -0.3% and a decrease of -0.2% a month before (revised from -0.4 %). The export prices, meanwhile, rose 0.4% from the previous month.

The index of consumer sentiment from the University of Michigan for October will be announced soon(consensus 60.2). Business inventories for August will be announced also in a while (consensus 0.4%). Finally, the budget deficit will be revealed in September at 20 hours ($ 65 billion estimated).

The Wall Street Journal: Nasdaq 0.84% 0.90% Dow Jones ( 12/10/2011)

Wall Street ended in the greenery again on Wednesday, supported by hopes concerning Europe. Traders anticipate a control of the crisis of European sovereign debt in the short term, even if the result could be complicated. The quarterly earnings season begins across the Atlantic, with accounts of Alcoa disappointing but also a strong release of PepsiCo. On the macroeconomic front, the operators are aware of traditional Minutes of the last monetary policy meeting of the Fed of 20 and September 21 which was marked by the announcement of "Operation Twist." The central bank has particularly shared considerable uncertainties on the rate of economic recovery in America. The DJIA gained 0.90% to 11,518 end points while the Nasdaq Composite Index shall take 0.84% to 2605 pts.

ConAgra: strong earnings growth

American Food Group based in Nebraska, in Omaha, ConAgra, has announced results for the fourth fiscal quarter 2011. Its EPS of continuing operations was $ 0.62, up 130%. On an adjusted basis, EPS totaled $ 0.47, up 24% against the $ 0.48 consensus. Its sales are $ 3.2 billion, up 5.3%. The net profit soar by 183% to $ 255.6 million (or EPS of $ 0.61). The year 2012, the Group aims a bpa over $ 1.75. On the Q1, EPS should also be less than $ 0.34

Rite Aid: reduces its losses

American pharmaceutical chain based in Pennsylvania, Rite Aid, announced under its first quarter fiscal 2012 a net loss of $ 65.5 million or 7 cents a share against a deficit of $ 76 million or 9 cents per share a year earlier. Sales were stable at $ 6.4 billion (+0.8% at constant perimeter). Analysts on average expected a loss of 12 cents per share on revenues of $ 6.37 billion. The firm indicates expect a loss per share of between 42 and 64 cents for the full year 2012.

Values to follow in the U.S markets

NEW YORK (Reuters) - Main Figures to follow Thursday on Wall Street.

_ BRISTOL-MYERS SQUIBB and PFIZER - Bristol-Myers announced according to a survey, an anticoagulant developed with its competitor Pfizer was more effective and safer than warfarin for preventing cerebral vascular accidents in patients with disorders heart rate.
BMS jumped 7.3% in hours trading after the announcement, while Pfizer has taken 3.9%.

_ AMR, parent of American Airlines, is in talks with Airbus for the purchase of 100 machines, Bloomberg reported Thursday, citing sources close to the deal.
_ LENNAR, the third largest American real estate, reported a drop in its quarterly profit due to a decline in housing prices that has forced the group to spend charges on the depreciation of its assets.
The group has published a profit of $ 13.8 million, or 7 cents a share, against 39.7 million, or 21 cents a share, a year earlier.

_ Bed Bath & Beyond has delivered a quarterly profit significantly higher than the Wall Street expectations thanks to the good performance of the request and has raised its annual profit forecast.
Net income for the quarter ended May 28 stood at $ 180.6 million, or 72 cents a share, against 137.6 million (52 cents) a year earlier. Analysts on average expected earnings of 63 cents, according to Thomson Reuters I / B / E / S.
Sales have increased it from 9.7% to 2.11 billion dollars against 2.08 billion consensus.
After the publication of these figures Wednesday, the stock rose 3% in hours trading.

_ ORACLE after-hours trading publishes its results for the fourth quarter, and analysts expect earnings per share (EPS) of 71 cents against 60 cents last year.

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Technical Analysis USD / JPY

USD / JPY broke its upward slant and completed a pullback on the support at 85. We treat only maintain long as support is 84.33. The break of 86 would give a new buying signal. Conversely, if 84.33 is broken, we will be neutral.

Technical Analysis EUR/USD

The EUR / USD continued its upward rally and validated on Friday a bullish break of 1.44 providing a new buying signal.
All indicators are bullish.
We keep advising process only long positions as the price will remain located above 1.4350.
Maintaining the current above 1.44 will strengthen our bullishness on parity.
An upward break of the resistance located next to 1.45 then offer a new buy signal for an extension of the upward movement towards 1.46.

Carrefour: A negative analyst before the quarterly figures

The Credit Suisse is always negative of Carrefour, they value 30 euros per share, slightly below current levels. The broker anticipates 24.66 billion euros in turnover in the publication of the Q1 figures on April 14 this year, growing by 3.7% as reported and 1.4% excluding currency and gasoline. Organic growth should reach 2.5%, however, restated a negative calendar effect. Comparison with previous figures may be complicated by the reorganization.

A barrel of oil could flaming beyond the 130 dollars ...

Oil prices have not finished flaming ... It's unless the result of a survey by Reuters shows that the barrel is expected to exceed 130$ by the end of 2011. A trader of five provides even that a barrel back to 150$ this year!

It is the persistent troubles in the Arab world that grows the majority of the 32 traders, analysts and fund managers surveyed expected a New surge in the current year. Futures contracts on Brent already won nearly eight dollars over the last five days to established at 122.50 dollars , depassing the limit of 120$ for the first time since 2008 this week.

A barrel for 130$ would affect consumer confidence and undermine the growth of the countries most dependent on black gold, starting with the U.S. leading consumer of oil. Impact on growth from 0.5 to 0.75 percentage point is mentioned ...

Wall Street ended slightly lower, the Dow Jones lost 0.14%

U.S stocks ended slightly lower Thursday, another earthquake in Japan has revived the fears about the nuclear crisis, but the decline was contained by optimism about the U.S economy.

The Dow Jones has sold 0.14% or 17.26 points at 12,409.49 points, the Standard & Poor's 500 dropped 0.15% or 2.03 points to 1,333.51 points and the Nasdaq Composite Index declined by 0.13% or 3.68 points, to 2796.14 points.

A powerful magnitude of 7.4 earthquake struck Thursday night north-eastern Japan, but the notice issued tsunami warning for the coasts of the region was lifted and nothing unusual was detected for time in coastal nuclear power plants.

In addition, better than expected figures on the distribution in March have limited market losses. Sales in the distribution comparable number of stores rose 1.7% in March, according to a sample of 25 distributors. Analysts polled by Thomson Reuters expected a decline of 0.7%.

This is the 19th month of increase in comparable stores.

Costco Wholesale has exceeded expectations, the action has finished up 3.8% to 77.82 dollars.

Bed Bath & Beyond jumped 10.5% to 54.55 dollars after posting a forecast of annual profit above expectations.

Trading volumes were moderate with a little over $ 7 billion on the NYSE, the NYSE Amex and Nasdaq , against an average estimated at 8.47 billion last year.

The VIX volatility index has gained 1.1%.

General Electric has sold nearly 1% despite the expected announcement of the construction of the largest manufacturing of photovoltaic panels in the United States in order to become a major player.

Mid-session Paris, the CAC 40 is headed for a new week higher

The European markets continue to ignore the generally bad news, keeping a positive interpretation of the economical situation with the example of the call for help of Portugal officially formulated ​​to the European Union. Bruxelles has in fact received the formal request of the country on Friday , indicated Olli Rehn,The European Commissioner for Economic and Monetary Affairs.
Raising interest rates from the ECB yesterday does not prevent the CAC 40 in advance, +0.7% at midday to 4058 points, which allows for instant display a slight increase on the week. The markets also seem to be reassured about the tone of the speech of the President of the ECB which has left guessing about the extent of further rate increases. Another highlight of this weekend, the sharp rise of oil to over 111$ for WTI and 124$ for Brent, is currently support for markets by increasing it causes the values ​​of sector. No major statistical follow today.

Oil prices finished slightly lower in New York

NEW YORK (Reuters) - The U.S crude oil ended slightly lower after a volatile session on Tuesday in the New York market while Brent continued at the same time his advance because of the violence in the Middle East and North Africa.

The May contract ended on a loss of 13 cents, or 0.12%, to 108, $ 34 a barrel. Upon the closure of the New York Mercantile Exchange, Brent took $ 0.89 (0.74%) to 121.95 dollars.

The volumes traded in the U.S oil market remained well below the averages of 30 and on 250 days and significantly lower than the Brent.

U.S crude has suffered from the prospect of increasing the reserves of crude in the U.S, analysts expect a increase of 1.7 million barrels last week.

The concerns about a possible drop in demand from China, born of higher rates decided by the Chinese central bank, however, have not eclipsed concerns about the oil supply in light of what is happening in Libya, Yemen or Nigeria.

Wall Street: progressing with the "fusacqs", while waiting the Fed

Wall Street returns to the green on Tuesday , with a news always expanded of mergers and acquisitions dominated by Texas Instruments agreement / National Semiconductor and the deal Procter & Gamble / Diamond Foods. Apple hesitates New York Stock Exchange, on arbitrations of managers resulting from its lower weighting in the Nasdaq 100. The DJIA is gaining 0.25% to 12,431 pts, while the Nasdaq is 0.51% at 2,803 points.

The ISM index of U.S services for the month of March 2011 came out fairly well below the consensus at 57.3 against 59.8 expected and 59.7 a month earlier. The indicator therefore reflects an unexpected slowdown in business growth in services to the U.S. last month. However, the index remains on the 50 bar and therefore continues to indicate expansion.

The index of activity / production fell to 59.7 in March from 66.9 in February. The indicator for new orders fell to 64.1, against 64.4. The employment index fell to 53.7, against 55.6 in February. The index fell to 72.1 against 73.3.

About 20 hours, the Fed will release minutes from its latest monetary policy meeting, when operators are trying to evaluate the timing of a potential tightening in a context of recovery and higher inflation.

The Federal Reserve chairman Ben Bernanke, has reaffirmed yesterday that ,according to hem , the current surge in prices, linked to higher commodity prices ,should not last: "I think the rise in the inflation will be transitory. Our view at this stage is that in the medium term, inflation will still be a little weak, "he said in a speech.

However, the officer added that the Fed will "monitor closely" inflation and inflation expectations in order to act quickly, if necessary, suggesting that the central bank will not hesitate to raise rates (currently set between 0% and 0.2%) if inflation continues to climb ... Observations that have prompted an uptick in the dollar, which returns about 0.2% against the Euro this morning at $ 1.4195 per 1 Euro.

However, the tone of Bernanke's speech suggests that the Fed has no plans to discontinue its quantitative easing program (QE2), which involves buying $ 600 billion in assets (government bonds particular) on the market by June ... Some voices were raised in recent days to request a suspension of the program given the recovery of the U.S. economy and inflationary risks that entails.

Wall Street ends in a small increase, while waiting the results

NEW YORK (Reuters) - The U.S stocks finished marginally higher Monday after a meeting mainly characterized by a form of attention, investors are preparing for both of the quarterly results and the decision on rates European Central Bank on Thursday.

The Dow Jones industrials gained 30 0.19% or 23.31 points at 12,400.03. In contrast, the S & P-500, wider took 0.46 points, or 0.03%, to 1332.87. The Nasdaq Composite fell on his side in 0.41 point (-0.01%) to 2789.19.

The S & P 500, which recorded one of its best weekly performance last week in favor of good employment figures for the month in March to the United States, has stumbled on the ceiling of 1,333 points, a level that it has not reached close since mid-February.

This is however twice the lowest in 12 years hit in March 2009 and is no longer very far from the 1344 peak of 2011, its highest since June 2008.

According to Bruce Zaro, technical analyst at Delta Global Asset Management, the quarterly earnings season, which begins next week, could push the S & P 500 beyond the 1,400 mark by mid-May.

Concerned by the trend in inflation, the European Central Bank (ECB) will raise its rates next week, and twice reoffend by the end of the year, according to a Reuters poll published last week.

Following the strong employment figures released Friday , Some people think that the Federal Reserve will take less time than expected to follow the lead of the ECB.

Due to the absence of major economic indicators but also because to the continuing nuclear crisis in Japan and political violence in North Africa and the Middle East, volumes remain very low on Wall Street.

Those of last week were the lowest weekly volume since the beginning of the year.

Pfizer closed up 0.79% to 20.54 dollars after announcing the sale of its subsidiary Capsugel world's leading manufacturer to hard gelatin capsules, the American Fund KKR private equity (+1.41%) to nearly $ 2.38 billion.

In the technology sector, another investment fund Apax Partners announced the acquisition of Epicor Software Group as well as unlisted Activant Solution for a total to some two billion dollars to create an entity better able to compete with Oracle and SAP in the market for enterprise software.

The title Epicor jumped 11.74% to 12.56 dollars.

After the close, Texas Instruments has announced the acquisition of National Semiconductor for $ 6.5 billion in cash.

Clôsure Wall Street : Nasdaq -0,01%; Dow Jones +0,19%

Wall Street consolidated on Monday, after its recent gains. Crude prices exceeded $ 108 a barrel on the Nymex. Traders remained attentive to the news of mergers and acquisitions, with the hostile bid from Nasdaq and the Intercontinental Exchange to NYSE Euronext, the wedding Sanofi / Genzyme, but also a multitude of medium-sized operations reflecting the renewed confidence of investors and businesses. The DJIA took 0.19% closing at 12,400 points, while the Nasdaq flexed from 0.01% to 2789 pts.

Charles Evans, the leader of the Chicago Fed held on CNBC that the plan QE2 of monetary easing in the U.S. Central Bank was properly sized to 600 billion dollars. Evans seems to suggest that he should lead the program to completion, without the extension. The official also said that monetary policy could remain accommodative with inflation excluding volatile items expected at 1.5% in 2011.

According to the U.S. Department of Labor on Friday, the United States has created in March 2011 approximately 216,000 non-agricultural jobs, against a consensus of around 191,000. The unemployment rate dropped meanwhile to 8.8% last month. Job creations were for professional services and enterprise, health, recreation and mining segment in particular. Employment in manufacturing compartment continued to grow.

The number of jobless people totaled 13.5 million in March for the United States unemployment rate in 8.8%, containing 8.9% consensus among economists instead.

The creation in posts for February 2011 are revised up slightly to 194,000, against 192,000 previously estimated. The unemployment rate in late February was 8.9%. The creations are adjusted in January to 68,000, against 63,000 previously measured.

Forex Technical Analysis of 04 april 2011

Here is a summary of all technical indicators and forex summarizing a glance the status of major currencies exchange market for the day 04/04/2011.

And especially do not forget to place your orders!
Good trades to all.

EUR/USD
The last week has been positive for the euro, after recording a low of 1.4020 last Monday, has appreciated until Friday. The highest weekly was reached Friday with a EUR / USD 1.4245. The high pressure always latent in Portugal and Ireland have failed to affect the single currency, market participants are focusing more on a possible rise in interest rates this week. On Monday, we maintain a bullish view for the euro against the dollar, with the significant resistance of 1.4295 in the first line of sight. Any return on technical support 1.4150 is liable to offer a good buying opportunity.

USD/JPY

The yen has continued to lose ground against the greenback last week, from 81.33 to 84.72, the highest since six months. The dollar was well supported, mainly Friday by the positive employment figures. To the euro, the yen has also suffered from touching 119.40, the highest for almost a year. The American economy is doing better, and for this reason the yen has been somewhat abused. The the yen falling is expected to continue in the coming days. The USD / JPY is expected over 85.00, with the 85.40 resistance point. The support is set at 83.20. The EUR / JPY should range between 118.00 and 122.00. 

The economic news of April 4, 2011

News rather charged last Friday, especially in the area of sovereign debt.

The rating agency Fitch lowered the rating by three notches from Portugal, bringing A-to BBB-, just one notch above the category of speculative investments.

Standard & Poor's also intervened by lowering the sovereign rating of BBB + to Ireland (for the long term) and A-2 (for the short term). The agency has attached to this note a stable outlook. A restructuring of the Irish debt may soon be investigated by Brussels.

On the economic front, the main macroeconomic indicator of Friday's meeting was the publication of the unemployment rate in the United States in March, which reached its lowest level since 2009 at 8.8% while economists were expecting a continuation unemployment at 8.9%.

Finally, the FOMC meeting of the Fed is looming and speeches accumulate. Jeffrey Lacker has hinted that rate hikes could occur before the end of the year because of rising inflation. The president of the Philadelphia Fed has trumped by stating that an increase is probable but it would depend heavily on "how things evolve in the months ahead. "

Sanofi offer closes on Genzyme and harvest 84.6%

Sanofi-Aventis said Monday the closure of its offer for Genzyme, which has netted 84.6% of the shares of the American biotech with a proposed 74$ and a certificate of conditional value (CCV) by title.

The offer had been extended by the French pharmaceutical group, and expired on April 1. It is reopened until April 7 to 18 pm New York time, to allow remaining shareholders to tender their shares, said the French group in a statement.

Sanofi-Aventis has finally agreed in the middle of February to pay  20.1 billion dollar (14.8 billion euros) to acquire Genzyme , an amount which is added to an additional price related to the success of major steps drugs in American society.

After more than seven months of negotiations, an agreement had finally been reached with the introduction of a certificate of conditional value attached to particular performance Lemtrada, an experimental treatment for multiple sclerosis developed by Genzyme.

The transaction, unanimously approved by boards of directors of both companies, is the second largest in the history of biotech.

It reduces the likelihood of Sanofi perform other operations on this scale in the coming months.

"When you spend $ 20 billion, it really calls the strategy (...). The transactions of one or two billion, it does not have the flexibility of the group, but 20 billion, it prevents us from making other transactions "said Sanofi CEO, Chris Viehbacher Monday in an interview on BFM radio business.

"Clearly, Genzyme was a gamble (...). Sanofi fundamentals still very strong and had the means. From time to time, we must take some risks to build a future, " he added.

At 11:53, the Sanofi fell by 0.16% to 50.20 euros in a market capitalization of 65.8 billion euros. The stock gained 5% since the beginning of the year, after losing 13% in 2010.
 

Tunindex closing on a decline of 1.2%

Tunindex, in the stock market of Tunis (BVMT),ended this at 4 394.79 points, registering a decline of 1.20% against a slight increase 0.99% the previous week.

According to the site of the BVMT,In terms of trade, the volume of transactions on the Stock Exchange has increased to $ 24 million dinars after the exchange of 2 million 151 thousand shares against 15 million dinars last week.

Since the beginning of 2011, Tunindex, fell 14.04% against an increase of 9.47% over the same period of 2010.

Despite this aspect of trade, the liquidity ratio declined from 62.10% to 50.11% and the ratio of satisfaction (decreased by 69.69% to 65.09%.

The review of changes in quoted shares reached values ​​higher than 13, against 37 declines.

The largest gains accrue to the shares of the following companies: Insurance ASTREE who won 12.5% ​​to 71.930 Dt, Tunisia Milk took 7.14% to 4.8 Dt and SOTRAPIL (transport company of hydrocarbons by pipelines) rose of 4.14% to 11.560 Dt.

The boss of Ford has earned $ 26.5 million in 2010

The Director General of Ford Alan Mulally received a remuneration of $ 26.5 million (18.6 million euros) last year, an increase of 48%.

Alan Mulally, who has taken the lead of U.S. carmaker in 2006, is regarded as the man who righted the group and had no recourse to public funds during the crisis, unlike its competitors General Motors and Chrysler Affiliated group.

The UAW auto union president Bob King said last week that Alan Mulally's pay was "scandalous" and "morally wrong" while some workers receive 15 dollars per hour (10.50 euros).

As for the group's chairman, Bill Ford, its earnings rose 57% to $ 26.4 million, including a salary of $ 4.8 million.

Ford posted a net profit of $ 6.6 billion in 2010

Carrefour Capital & Blue spring pressure from Knight Vinke

The management of Carrefour and the two major shareholders of the distributor, the funds Colony and Groupe Arnault, will face the pressures of a newcomer, the American Knight Vinke, which opposed the proposed division of the French group.

Knight Vinke, which owns more than 1% stake in Carrefour, objecting to the proposed division of a subsidiary part of the land (Carrefour Property) and all of the subsidiary hard discount (Dia) of the second global distributor .

"We confirm to talk to major shareholders of Carrefour to gather their opinions about the projects recently announced by Carrefour, "said on Wednesday a spokesman for the fund.
When questioned, Carrefour declined to comment.

"Looking at the history of Knight Vinke, we see that it has had some success when he tried to influence the strategy groups in which he had entered, "said one analyst who requested anonymity.

The U.S. activist fund has revealed its participation hold just one week after the announcement of a proposed division of Carrefour badly received by investors.


To counter the plans of Carrefour, he must, according to calculations by analysts to convince approximately 25% of Group shareholders, assuming that about 75% of voters are represented on average an extraordinary general meeting and that must obtain a third of the votes to roll over the project.

The meeting will be held Carrefour June 21

FUND ACTIVE IN OTHER BUSINESS

Knight Vinke has a tactic to acquire small investments in large groups and then persuade the shareholders to change the strategy of the company.

He has already put pressure on the banking group HSBC and has contributed to the split and the IPO of Suez Environment to facilitate the merger between GDF and Suez.

After two successive profit warning, the number two worldwide distribution behind the American Wal Mart was for months under pressure from Blue Capital, the structure involving the two major shareholders of the group, the fund Colony and Arnault group, holding family Bernard Arnault, CEO of LVMH (who own 14% of capital and more than 20% of voting rights), to outsource value.

The special dividends paid to shareholders the opportunity to reach the split, according to Carrefour, 4.09 billion euros.

Shareholders of the Group since March 2007, Groupe Arnault and Colony have acquired their interest at an average price estimated at approximately 47 euros per share, a level still well above the current share price, and which is added the cost of debt incurred to finance their participation.

The proposed IPO of 25% of Carrefour Property and all of Dia, announced March 2, was punished by the market. Investors are questioning the merits of an operation intended by the principal shareholders and the flexibilities available to the group to complete its turnaround plan.

The title deals with Carrefour to 31.7 euros on Wednesday at the Paris Stock Exchange, registering an increase of 2.4% since the beginning of the year for a market capitalization of 21.5 billion euros. Since the announcement of the proposed split, the stock has dropped 9.6%.

Closing Wall Street: Nasdaq 0.96% 0.67% Dow Jones

Wall Street displayed up on Tuesday, despite an indicator of U.S consumer confidence from the Conference Board and a disappointing S & P / Case-Shiller home prices decline. In the news business, Apollo, McCormick or Lennar announced their accounts today. The DJIA took 0.67% closing at 12,279 points, while the Nasdaq gained 0.96% to 2757 pts.

The index of U.S consumer confidence measured by the Conference Board stood at 63.4 in March 2011, 64.9 cons of consensus among economists and 72 in February (revised from 70.4). After a peak of three years enrolled last month, this indicator of morale of the Americans then resumed the downward path.

Consumers in the United States are most concerned about rising gasoline prices and supply and stagnant wages. According to economist Lynn Franco of The Conference Board, this decline in confidence in March would probably impact the expenditure decisions.

Standard & Poor's released its latest survey on house prices in the United States. The S & P / Case-Shiller index that assesses residential property prices in 20 major U.S. metropolitan areas fell as expected by 3.1% year over year in January 2011, in line with the consensus of economists. It down 1% excluding seasonal adjustments from December, reflecting the sixth consecutive month of decline.

Prices fell in 19 of the 20 study areas in January compared to December. Only Washington is progressing on the month.

James Bullard, president of the St. Louis Fed speaking today, said that the issue of normalization of U.S. monetary policy would be a key issue this year. For Bullard, monetary policy should keep accommodative in the U.S., but the Fed could not wait for complete healing of all current risks (Europe, Middle East, North Africa, Japan, U.S. tax) to raise a Part of its flexibility. The greenback has temporarily benefited from these ads.

Dennis Lockhart, who heads the Atlanta Fed, had expressed confidence yesterday about the U.S. economic recovery, expected "strong". The manager said he was satisfied with the current monetary policy and does not really concerned about inflation, as revenue growth remains very modest about it. While short-term measures of inflation have accelerated in recent months, Lockhart remained upright in his boots and thinks that this will not last.
 

The he earthquake in Japan will cost over 100 million euros to Axa

The earthquake and tsunami that struck Japan on March 11 should represent a cost of hundreds of millions of euros for Axa, said Sunday the CEO of French insurance group, Henri de Castries.

He said that the estimation of the exposure of Axa in Japan was difficult to make for now since we don't know yet the exact number of victims, that could exceed 20,000 dead.

"The risk we're still trying to figure (...) We believe that this should cost us a little more than a hundred million euros before taxes in terms of casualties and injuries and about a few tens of millions of euros in industrial risks, "he said.

Axa has 8,000 employees and nearly five million customers in Japan, said the CEO.

For now, the insurance company is focused "on what we can do for clients who have suffered found in support and comfort that we can give them reasons to leave. "

"This is a huge disaster, probably the greatest natural disaster ever recorded, " said Henri de Castries.

He said the total cost of the damage is much higher than the 1999 storms on European coasts and Hurricane Katrina in the United States. "The numbers which circulate for Japan is of the order of 200 to 250 billion dollars" of damage, he added.
 

The 20 mistakes not to commit in stock exchange!

What is the main difference between a novice and an experienced trader?
Only one, but sized: the experience.
The trader has already committed enough mistakes in his career, unlike novices.
To prepare the reader to the mistakes he may commit in the management of its wallet we have listed below a set of mistakes that you will make but that is certainly good to know to avoid excessive setbacks.
in stock exchange, it is not to avoid mistakes but to limit the consequences.

Error No. 1: Do not set sales targets
To reduce the psychological impact of your decisions when reselling your shares, it is necessary to set goals of sales as well in losses than gains.
These objectives may be modified the appropriate case .
Error No. 2: Yielding to euphoria or panic
The stock exchange is a matter of composure. Do not invest in a title under pretext that it rises.
The summer of 1998 was marked by an influx of orders on the New Market because of DSK contracts. Forgotten values ​​climbed several tens of% per day. Once the blow fell, the price of these Values has collapsed.
Similarly, the values ​​of the New Economy has successfully completed an unprecedented stock market performance in the first months of 2000. But the excesses have been corrected by other excesses.
Do not forget that professionals will tend to sell during periods of strong increases.
Error # 3: To believe that you have a supernatural power
It will happen at one time or another to have an unusual opportunity. Your ten to fifteen or twenty past operations have been successful in a very short space. Over this state of grace come quickly, the faster it will  fall. At each new blow winner, you will tend to increase the amount of your holdings and the same token your risk. Be aware that a beginner or experienced trader can not be right 100%.
The key is to know unwinding his position when it has been recognized to be wrong.
Error No. 4: Lose the value of money
It may happen in some specific cases that you temporarily lose the value of money. This situation is dangerous because it leads you to take risks more generally with great returns that are not always what you.
 (To be continued ... )

THE 24 GOLDEN RULES FOR SUCCESS IN EXCHANGE

Foreword

Whatever your level of knowledge about financial markets,Whatever your experience in the Exchange, it is always useful to review your goals and their achievement.
Do you sometimes feel that bad luck follows you? What the market wants you personnellemnt and takes pleasure in ,you choose the wrong value at the wrong time? Are you planning to give up these enormous profits that you tend to arms to help you slip through your fingers?
Before making this choice, think!
The only purpose of this post is to give you all that in mind
you already know (or have already known!) on the strategy and basic rules of  stock market investing.
Take time to read and reread this article, follow its advice,
Choose your strategy and make one of theme .

THE 24 GOLDEN RULES FOR SUCCESS IN EXCHANGE

To be a winner in the markets, the trader must have strict rules and must follow them.

1. Divide its capital,
Never risk more than a tenth of its capital on a share.
2. Use command "stop-loss" (stop sale).
Take into account the "noise" and the market volatility.
3. Do not make overtrading.
The number of locations must take into account a large gap in the market.
4. Do not let a gain become a loss.
It's hard to accept psychologically that a winning value can
change in trend. When one stock drops you shoud stop selling : Danger!

5. Do not go against the trend. (Buy when it drops or sell when it rises)
We find the rules of DOW. Everybody knows it , but we forget it very quickly, we thought to be smarter than the market.
Big mistake: we must always follow the market, solution: It falls  I sell, it's  up I buy.
6. At a doubt leave the market.
Do not stay in a market that is not understood.
7. Treat active shares.
Interact with liquid markets (many shares sold all days) with one matching easy. (Skip the orders to the bank by phone, not by mail).8. Do not put all your capital on a single value, a single sector, a single market.
Capital management: at least 5 lines (5 shares) and 10 lines maximum.
9. Do not limit your orders, pay the market price.
10. Do not close a position without reason.
11. Put money aside for emergencies.
Do not reinvest all your profits (keep 30% to pay taxes for the stock exchange!). The market you look to regain some of your winnings.
12. Do not buy just to cash a dividend.

13. Not to make a medium to decrease (the more it decrease more I take).
One of the best ways to go against the trend and pay dearly. The ruin.
14. Do not act out of impatience to enter or exit.
The cure for self-discipline. Be patient!
15. Avoid small gains and large losses.
Cut rapidly the losses (sell as soon as you lose a little) and let the profits run (when we win we do not sell but they put a stop sell at 20% below the current price (Ex : an action of $20  Stop selling to 16) if the stock drops too much the action will be automatically sold by the bank) while the behavior of human nature is inclined to do the opposite. The cure for self-discipline.
16. Never cancel a stop loss (stop-sale).
It was initially set at the maximum loss, we must stick to it.

17. Go in the direction of the trend. Follow the "trend following".
The market is always right.
18. Do not enter and exit the market too often.
The costs have been quick to eat the profits.
19. Do not buy just because the prices are low.
If the price are low, find the reason? There is one (box sick, she will lose money). The action can always drop to 0!
20. Before buying more, wait for the break of resistance (phase 2).
Consider that this is a new operation taken after a new signal. Phase system:
Phase 1: energy storage, a battle between buyer and seller do not buy!

Phase 2: victory of buyers, you must but and put a stop sell (or stop loss) just below the price of purchase and follow! 

Phase 3: indecision between buyers and sellers, it looks like Phase 1 ... danger!
Phase 4: Fall! Never buy at this stage! Never!   wait  Phase 1 and break up to create a phase 2!
Conclusion: Only buy in phase 2 and ell in phase 3 = insured income.

21. How to choose values ​​before building the pyramids (see 20).
Avoid making inverted pyramids. (Reverse: the more it decrease more I take = assured destruction!)

22. Treat each value separately. Gains of a value are not  the losses of another.
23. Do not change your mind without good reason.
Follow the plan with the confidence that you set. Emotional discipline is essential.
24. Do not increase your bets after a period of earnings. The market tries to take what he gave you.

China is betting on a weaker dollar

Assouplissment monetary policies implemented in the developed economies will have an upward pressure on the raw materials and will weigh on the dollar this year, said Friday the central bank.

The Popular Bank of China also alarmed the crisis of European sovereign debt could, in its worse. "We expect a continued recovery and we believe that the foundations of the recovery will be stronger, " she says in her report.

If she is concerned about the situation in the euro area, China's central bank said the dollar could slide further as the single currency due to low interest rates and deficits.

The exchange rate Euro U.S dollar (EUR / USD), up 0.7% Thursday to 1,418$ / €

The exchange rate euro dollar (EUR / USD) was up 0.7% on Thursday to finish at $ 1,418 for 1 €.

During the session, the exchange rate of EUR / USD rose from a high of U.S 1,421$ for 1 euro and a low of 1,406$ for 1 EUR.

This Friday, there will be in the euro area the IFO survey in Germany (March, consensus on 110.5 points), the GFK survey on consumer confidence in Germany (April, consensus 5.8 points), the monetary aggregate M3 (February, consensus +1.7% yoy). In the U.S, there will stat as the third estimate of GDP (Q4 2010, no change expected by the consensus) and the final publication of the survey of consumer confidence of the Univ. Michigan (March 68 consensus points). It will also address four central banker.

S&P lowers rating of Portugal

A few hours after Fitch, it was the turn of his counterpart Standard & Poor's to reduce by two notches, from "A-" to "BBB", the Portuguese sovereign rating. Fitch had worn for his "A +" to "A-". The short-term rating remains at "A-2". The notes still under review with negative implications.

This decision follows resignation of the Prime Minister of Portugal, Jose Socrates, after that his austerity plan had been rejected by the parliament. "We think that the political uncertainty which results could encumber the market's confidence and the ability to refinance the country, " the agency said.

Moreover, S & P has not ruled out lowering again the note of Portugal, this time a notch, starting next week, depending on the ultimate size of future bailout of the euro zone, the MES (European mechanism for stability).

Wall Street : still in progression

Wall Street displayed a marked increase on Thursday night ,two hours before closing, stimulated by the accounts considered satisfactory of Micron, Red Hat or even Talbots, and while waiting those of Oracle and Accenture in the technology sector. Portuguese political crisis does not seem disturbing the investors.In the Statistics side, the latest weekly figures for employment in the United States continue to reassure, but the durable goods orders came out disappointing. Finally, operators are always very attentive to developments in Libya and Japan. Crude oil prices remain at high levels on $ 105 a barrel on the Nymex. The DJIA is gaining 0.51% to 12,147 pts, and the Nasdaq is 1.04% at 2,726 points.

The US Labor Department announced that the new weekly registrations in unemployed ,on a rhythm adjusted for seasonal variations, fell by 5,000 for the week closed on March 19, to $ 382,000. A figure in line with expectations since the Bloomberg consensus was counting on 383,000 new claims.

The he average reached 385,250 in four weeks for the period ended March 19. A figure of 1,500 fold compared to the previous week.

Unemployment compensation in the week closed March 12 reached 3%, unchanged from the previous week. The number of unemployed receiving benefits during the same period totaled 3,721,000, down 2,000 from the previous week and the lowest since September 2008.

According to the U.S Department of Commerce on Thursday, new orders for durable goods in the U.S for February 2011 were established in unexpected decline of 0.9% compared to the previous month and down 0.6% excluding transportation . The consensus was +1.2% for controls global and +2.1% excluding transportation. For January, however, growth is revised up to +3.6% for global commands (-3% excluding transportation).

Orders of February totaled $ 200 billion. Shipments, meanwhile, were up 0.3% to $ 203.2 billion. Inventories rose 0.9%.

Values of The Day

Jabil Circuit (+11%), the subcontractor of production in technology, reported for its second fiscal quarter 2011 a net income of $ 55.4 million and 0.25 cents per share, on revenues of $ 3.9 billion. Over the same period a year earlier, profit was stood at $ 29.8 million and 14 cents per share, for $ 3 billion of revenue. Excluding items, adjusted earnings represented 55 cents per share. The consensus was 51 cents EPS and 3.92 billion dollars in sales. The Group aims for the third quarter EPS between 55 and 59 cents on revenues ranging from 4.1 to $ 4.2 billion.

Discover Financial (5%), Group of Illinois Actor in the market for credit cards, has announced its first quarter ended February 2011, a net income of $ 459 million and 84 cents a share, against a loss of $ 122 million last year. The consensus was 60 cents per share. Sales volumes have increased from 7% to $ 24 billion. Discover has also finalized the acquisition of Student Loan in the Credit student during the quarter.

Cintas (+6%), the American leader of uniforms, realized the third fiscal quarter revenue by a growth to $ 938 million, against $ 908 million a year earlier. The EPS was 41 cents represented a net profit of $ 59 million, compared to 32 cents earnings per share and $ 49 million loss a year earlier. The consensus was 36 cents EPS and $ 908 million in sales. For 2011, the Group expects revenues of 3.75 to 3.77 billion dollars, for bpa from 1.6 to 1.63 U.S dollars. The estimates in 2011 are also higher than expectations.

General Mills (-2%), Food Group in Minneapolis, announced its third quarter in 2011 accounts. The income have increased from 2% to 3.65 billion dollars, for an operating profit of $ 668 million up 10%. The diluted EPS reached 59 cents. The adjusted EPS has represented 56 cents and up 14% from last year. Volumes rose 2% compared to the same quarter last year. For in 2011, the sales growth is expected between 1 and 4% for an adjusted EPS ranging from 2.46 to $ 2.48 (+7% to +8%).

Colgate-Palmolive (stable), one of the giants in consumer products, today announced the acquisition of programmed Sanex, personal care brand of Unilever Plc, for $ 940 million in cash. Colgate has also agreed to the sale of its detergents to Columbia for $ 215 million in the same Unilever. The American Group expects from the operation a positive impact of around 4% on the profit for the year.

Bank of America (-3%), the Charlotte bank wanted its quarterly dividend increase slightly, faces the Opposition from the Fed. Thus, the American Central Bank has refused the "modest increase" of the dividend desired in the second half of in 2011. BofA will have to review its plans for capital to seek permission of the increase.

Wall Street : back up despite the housing figures

Wall Street, very volatile today, returns slightly in the green, despite the poor sales figures for new housing in the United States and a new surge in oil prices toward $ 106 a barrel on the Nymex. Traders still attentive to developments in the situation in Libya and the nuclear crisis in Japan. The DJIA returned 0.46% at 12,074 points, while the Nasdaq is 0.29% to 2692 pts.

According to the U.S. Department of Commerce on Wednesday, sales of new homes in the United States in February 2011 have been established in the seasonally adjusted rhythm of 250,000 units, a sharp decline of 17% over the reviewed in January level 301,000 and down 28% compared to 347 thousand in February 2010.

The median sales price was $ 202,100. It has plunged by 13.9% in February, a record, while the buyers find better deals in the old (median price $ 156,100).

The stock was 186,000 units, representing 8.9 months of supply.

The consensus was 291,000 units in February 2011. Sales in January 2011 were previously estimated at 284,000.

According to the latest weekly report released by the American Department of Energy, commercial stocks of crude, excluding the strategic reserve have increased for the week ended March 18, 2011, by 2.1 million barrels to 352.8 million barrels. The consensus expected a rise of 1.6 million barrels.

Gasoline stocks have now declined by 5.3 million barrels when the consensus expected a decline of 1.8 million barrels. Finally, stocks of distillate products (diesel and heating oil) remained unchanged when the consensus expected a decline of 1.3 million barrels.

Values of the day

Dollar Thrifty (+3.1%), the American actor of the rent of cars, has raised its 2011 financial estimates due to costs contained. Adjusted EBITDA is now estimated between 235 and 260 million over the current year, an increase of $ 60 million compared to the previous range. According to the Group, the conditions remained strong in early.

Jefferies (-0.2%), the Wall Street firm, posted a Q1 profit of $ 87 million and 42 cents per share, against $ 72 million One year earlier. The consensus was 36 cents. Revenue was totaled $ 758 million, against $ 580 million a year earlier on the same period. The title is stabilizing after a rebound early in the day.

Delta Air Lines (-1.8%) said that the devastating earthquake and tsunami in Japan will have a net impact estimated between $ 250 million and $ 400 million. The Atlanta-based carrier said it will reduce its seating capacity to Japan from 15% to 20% through May to reflect an expected decline in short-term demand for travel to the archipelago. Delta has already suspended its services to Haneda Airport in Tokyo.

Apple (+0,6%) entend défendre sa marque déposée "App Store", désignant sa boutique d'applications en ligne pour appareils mobiles. La firme à la pomme a ainsi porté plainte contre Amazon, qui lance son propre "App Store". Déjà contesté par Microsoft, le terme "App Store", qui peut être interprété comme "Apple Store" mais aussi "Application Store", a été utilisé par le distributeur en ligne pour baptiser son site d'applications Android, le système d'exploitation pour mobiles de Google, concurrent frontal de l'iPhone d'Apple. Exaspéré, Apple a donc déposé une plainte le 18 mars auprès d'un tribunal californien pour contrefaçon de marque et concurrence déloyale... La firme de Cupertino, qui a déposé la marque "App Store" depuis 2008, demande à la justice d'interdire à Amazon d'utiliser ce terme et réclame des dommages et intérêts.

Research In Motion (+0.4%), the Canadian leader in mobile devices, announced today that his Tablet is highly anticipated , the BlackBerry playbook, should be available from April 19 in the network of U.S Best Buy ,q and Best Buy Mobile stores in the entry price of 499$. The momentum from North America will also be followed by Future Shop stores in Canada. The camera wi-fi will be launched in three versions 16, 32 and 64 GB for 499$ to 699$.

Walgreen (-6.6%), the American pharmaceutical chain, has announced the results of its second fiscal quarter. Over the period, the group recorded a net profit of 739 million dollars or 80 cents a share, against a profit of $ 669 million or BPA of 68 cents a year earlier. Sales climbed from 8.9% to 18.5 billion dollars (+4.1% organically). The consensus is for EPS of 80 cents on revenue of $ 18.39 billion.

Carnival (-4.5%), the leader of the cruise, based in Florida, has unveiled the accounts of its first quarter 2011. Over the period, the company recorded a profit of $ 152 million or 19 cents a share, against a profit of $ 175 million or EPS of 22 cents a year earlier. Revenues climbed from $ 3.2 billion to 3.4 billion dollars. The consensus is for EPS of 19 cents. The group now aims for 2011 EPS between 2.55 and $ 2.65, against a former ranging from 2.90 to 3.1 U.S. dollars. Expected sales are up 2.5 to 3.5% against 3-4% previously.

BJ's Wholesale (+5%), the American distributor, signed a confidentiality agreement with the private equity firm Leonard Green & Partners LP, Agreement that allows Leonard to study the accounts of BJ's in order to a possible financial transaction for BJ's out of the coast. Leonard Green already owns more than 9% stake of the chain.

Wall Street ends lower

NEW YORK (Reuters) - Wall Street ended down Tuesday, putting a term to three sessions of gains, but the potential downside appears limited to the extent that investors have adopted a defensive strategy.

In light of preliminary data, the volume of trade was also the lowest since the beginning of the year.

The market volatility is also declining, with an index of the CBOE, which yielded 2.23%, after surging in response to the natural disaster in Japan.

This seems to show that investors have become a little less feverish when discussing the events in Japan, the Middle East and North Africa.

The increase in temperature around the core of the reactor No. 1 at the Fukushima plant raises the anxiety of the Japanese authorities, Despite some signs of improvement in the situation in other ways.

The forces of Colonel Muammar Gaddafi on Tuesday attacked two towns in western of Libya, killing dozens of people, while insurgents in the east appears to be stalling.

The Dow Jones lost 17.90 points (0.15%) to 12,018.63. The S & P 500 dropped 4.61 points (0.36%) to 1293.77. The Nasdaq Composite yields 8.22 points (0.31%) to 2683.87.

"There is a relative calm in the market, investors ripen their next choice even if we navigates to the given number of uncertainties, " said Jeffrey Davis (Lee Munder Capital Group).

He added that the various crises have prompted investors to put on the defensive attitude that could hinder any further downward movement. "Most investors are pretty safe now and I feel that the VIX will likely continue to fall back gradually. "

According to a report of EPFR Global ,flows of investment funds "have taken a 180 degree turn to the defensive at mid-March "

To the values​​, Walgreen has lost 6.6%. The first U.S. drugstore chain reported on predictions, the state government agencies subsidizing less medication because of deteriorating in public finances.

Unlike the video rental company Netflix has gained 4%, driven by a increase in the recommendation of Credit Suisse to "neutral"to "outperform. ".

Mergers and acquisitions have supported Wall Street

NEW YORK (Reuters) - The trend was to purchas in Wall Street on Monday ,the investors welcomed the announcement of the sale of T-Mobile USA to AT&T by Deutsche Telekom for $ 39 billion,the largest merger-acquisition since the beginning of the year.

AT&T finished up 1.14% to 26.26 dollars after the announcement of the sale of T-Mobile USA in the American group Deutsche Telekom. In its wake, Verizon earned 0.75% to 71.96 dollars.

"The agreement with AT&T is only part of the table. The other part, it is encouraging information from Japan and the fact that the situation does not get worse in Africa," commented Gail Dudack of Dudack Research.

If the prospects of the Japanese economy have nothing gleaming in the short term, the hope of easing the nuclear crisis and the words of Warren Buffet, who believe that Japanese equities are attractive, have supported the trend.

The Dow Jones gained 1.50% or 178.01 points to 12,036.53 points and the Standard & Poor's 500 index 1.50% or 19.18 points to 1298.38 points. The Nasdaq Composite Index has advanced by 1.83% or 48.42 points to 2692.09 points.

The record AT & T / T-Mobile has obscured the release by the National Association of Realtors figures disappointing on the front of the property. The federation of Realtors announced that sales of existing homes decreased in February by 9.6%, a much larger decline than the 4% expected by consensus.

The action of the jeweler Tiffany jumped 5.11% to 60.22 dollars in the wake of the publication by a group with a net profit up to 31.1% to 181.2 million euros in the fourth quarter 2010 and forecasts growth encouraging.

Citigroup announced Monday its intention to reduce the number of shares outstanding and reinstate the dividend, which represents a new step in the recovery of the bank which had been closed due to bankruptcy during the global financial crisis.

In the opinion of many observers, the reverse stock split was essentially an objective psychological and it has not impressed the markets since the title was ended down 1.33% to 4.44 dollars.

Closure of Wall Street: Nasdaq 1.83% Dow Jones +1.5%

Wall Street was progressing clearly on Monday with the news of fusions and acquisitions, particularly the deal AT & T / T-Mobile. The operators does not become alarmed over the nuclear crisis in Japan. The offensive line in Libya by Western forces in turn stimulated crude prices toward $ 102 a barrel on the Nymex U.S.. The DJIA climbed by 1.5% closing at 12,037 points, while the Nasdaq jumped 1.83% to 2692 pts.

According to the American National Association of Realtors on Monday, sales of existing homes in the U.S. for February 2011 have settled in the seasonal variations adjusted rhythm of 4.88 million units, down 9.6% delivered compared to 5.40 million in January 2011 and declining 2.8% compared to February 2010. The consensus was to 5.15 million units in February, after 5.36 million originally estimated in January.

Lawrence Yun, NAR economist, expects a recovery of irregular market, while the accessibility conditions remain favorable to believe. He said sales are limited by tight credit and a significant level of contract cancellations. Yun does not panic and see that the level of sales is still higher by 26% cyclical low last July.

The national median sales price for all types of existing homes in February was $ 156,100, declining 5.2% compared to February 2010. Distress sales have represented 39% of the total last month after 37% in January. The level of cash transactions reached 33% in February, a record.

AT&T buys T-Mobile USA for about $ 39 billion

NEW YORK (Reuters) - AT &T announced on Sunday the acquisition of T-Mobile USA with Deutsche Telekom for about $ 39 billion (27.5 billion euros) as part of a transaction in cash and stock.

This transaction, approved by the boards of both companies, will give birth to a new mobile phone giant in the U.S as it brought together two of the four largest actors in the country.

The cash portion of the transaction represents $ 25 billion, to be funded by new credit lines and existing cash.

AT&T adds that the right to increase the cash component of $ 4.1 billion.

Deutsche Telekom will receive shares of AT&T representing approximately 8% stake of U.S telecom operator and a representative of the German group will become part of the board of AT&T.

This may increase the cash element of its transaction subject to the participation of Deutsche Telekom remains above 5%.

The transaction should be finalized within 12 months and AT&T added that it would be accretive to its earnings per share during the third year following the completion.

AT&T also said that on a pro forma basis, the purchase of T-Mobile was to take the turnover of the mobile operations of AT & T's $ 58.5 billion to nearly $ 80 billion.

The fourth quarter 2010, sales of the first mobile operator in the U.S., Verizon Wireless, a joint venture between Verizon Communications and Vodafone, was 26.4 billion.

Deutsche Telekom said on his part that the proceeds of the sale of T-Mobile USA reduce its debt by some 13 billion euros, down 13%.

The German group also he would use five billion euros from the sale of T-Mobile USA to buy back shares.

Wall Street shaken, remains concentrated on Japan and the Arab world

The New York Stock Exchange, shaken by the nuclear crisis that developed in Japan after the earthquake and further violence in the Arab world, will remain suspended next week to the international actuality.

The market is at a critical juncture: we have so many people who think that the fall in U.S markets was too strong that people who fear further negative consequences for the global economy of what is happening in Japan and Middle East, "said Michael James, of Wedbush Morgan Securities.

In the previous week, the Dow Jones lost 1.54%, closing Friday at 11,858.52 points.

The Nasdaq dropped 2.65% to 2643.67 points, and the expanded Standard & Poor's index's 1.92% to 1279.21 points.

The Dow Jones enchained three straight sessions of decline, which brought him Wednesday to its lowest level since Dec. 31, before rebounding on Thursday and Friday.

"If we think that we have at the same time a nuclear disaster, a dramatical sunami in the third world economy, the revolution in the Arabic world, and that the debt crisis in Europe is not being resolved, it is remarkable that the market is as strong, "notes Volokhine Gregori, of Meeschaert New York.

Investors have kept their eyes riveted on the Fukushima nuclear plant, where the dramatic events have succeeded.

This weekend, the authorities seem to have managed to avoid the worst. But for experts, the risk of significant radioactive releases stayed elevated Friday.

"It was a disaster but this is not the cataclysm, " observes Volokhine Gregori, which recognizes that market participants have difficulty in assessing the economic impact of the earthquake. "

The upheaval in the Arab world, sidelined earlier this week, then returned in force, when the UN passed a resolution authorizing the use force against the Libyan regime, which declared a cease-fire.

Demonstrations have also been quelled in Bahrain and Yemen.

"As a total lack of visibility, we can not handle events on a daily basis when you're an institutional investor, so it fails to act. This leaves the field open to those who do not worry invest long term and who just want to enjoy the positive and negative movements, "says Mr. Volokhine.

The economic statistics stayed largely positive in the United States. However, the acceleration of inflation has been confirmed.

The central bank has held that recovery was based on grounds "stronger" than before, while maintaining its monetary policy very accommodative.

Next week will be especially marked by real numbers: sales of existing homes on Monday and nine on Wednesday. On Thursday, investors react to orders for durable goods, then Friday at a new estimate of U.S. growth in the fourth quarter of 2010 and the index of consumer confidence.

News :18/03/11

Standard & Poor's downgraded two notches, from "A-" to "BBB", the sovereign rating of the Kingdom of Bahrain and its short-term rating of 'A-2 "to"A-3 ", while maintaining its oversight with negative implications. This will penalizes the deteriorating of political climate and economical of country.

Gameloft wins 3.2% to 4.48 euros in Paris sitting on the market, with the support of Natixis, we learn about the market. The office has raised its opinion on the purchase, paying 4.50 to € 4.80 its price target

PSB Industries: Strong earnings growth

PSB Industries has achieved in 2010 a turnover of 228.55 million euros (+25.1% over the year and +23.3% at constant exchange rates). Operating profit reached 20.04 million, representing 8.8% of sales to go back to its pre-crisis levels. Over the period, the net investment have risen to 17.6 ME while the level of cash flow has reduced the net debt to 71.8 ME.

The net income after minority interests is established to 10.61 ME (4.54 M in 2009). There is strong growth of 133.4%.

The growth for fiscal 2011 is expected on a level "closer to 5% with a target operating margin in line with that of 2010. "

After two years of lower dividends in the context of economic crisis, the Board of Directors will propose to the General Meeting of 26 May 2011 a dividend of 1.45 euro per share, or nearly 6% yield over current of 24.5 euros. A down payment of 0.65 Euro per share already paid January 28, 2011 under the dividend. A remaining 0.8 Euro remains to be collected.

Turnover 1st quarter 2011 will be published April 12, 2011.

Wall Street ended down but notes a surge late in the session

Wall Street closed lower Tuesday, penalized by a clear return of risk aversion caused by the situation in Japan where it excludes more nuclear disaster of great magnitude.

The decrease in New York markets, however, was limited compared to those observed in Europe and especially in Asia, investors are confident saying that the U.S. economy will not be permanently affected by the consequences of the earthquake in Japan.

The Dow Jones lost 1.15%, 137.74 points to 11,855.42, the S & P 500 index fund managers, dropped 14.52 points, 1.12% to 1281.87 while the Nasdaq, heavily weighted technology has yielded 33.64 points, 1.25% to 2667.33.

The S & P is not far from the threshold of resistance to 1257, its closing level in late 2010.

Investors have also welcomed the decision without much surprise to the Fed to keep the Fed funds target between zero and 0.25%. They appreciated the statement that the economy is accelerating the benefits to employment.

"At present time, it should not be prolonged disruptions and the effect should not exceed the short term the United States, " Justice Jim McDonald of Northern Trust Global Investments.

"Certainly the prospects of nuclear accidents are scary, but otherwise, the nuclear issue will have limited impacts on U.S. stocks and is the most likely scenario."

The values​​, General Electric, which has partnered with Japan's Hitachi Nuclear finished down 1.55% to 19.61 dollars, while Shaw Group, part of a consortium building nuclear reactors has lost 2 , 1% to 34.14 dollars.

The Bank of Japan releases funds for the North-East

The Bank of Japan announced Sunday that it provided a total of 55 billion yen (490 million euros) to 13 financial institutions in the Northeast since the day before to help them to cope with withdrawal requests after the earthquake on Friday.

"The BoJ will continue to do his utmost to ensure financial market stability and mutual funds through measures such as provision of liquidity, " she said in a statement, adding that all its services normally open Monday.

The Dow Jones gained 0.47%, the Nasdaq takes 0.54%

The New York Stock Exchange finished up 0.47% on Friday supported by the energy sector, the earthquake that shook Japan has devastated the refining capacity of the Japanese archipelago.

The Dow Jones industrial 30 gained points to 12,041.22 56.61. The S & P-500, larger has taken 8.97 points, or 0.69%, to 1304.08.

The Nasdaq Composite Index advanced 14.59 points for his side (0.54%) to 2715.61.

For the week, the Dow lost 1%, the S & P has assigned 1.3% and the Nasdaq dropped 2.5%.

These data may vary even slightly.

Closing Wall Street: Nasdaq -0.51%, Dow Jones -0.01%

Wall Street still hesitant on Wednesday, with a barrel of crude near to $ 104 on the Nymex, which tended to weigh on the indices. On the economic front in the U.S., inventories and wholesale sales for January 2011 stood out in advance. DJIA finally yielded 0.01% to 12,213 pts, while the Nasdaq gave up 0.51% to 2752 pts.

According to the U.S. Commerce Department on Wednesday, stocks of wholesalers in the United States for January 2011 increased 1.1% compared to the previous month, against 0.9% consensus and 1.3% growth in December 2010 (revised 1%). Stocks totaled 436.9 billion dollar from January , an increase of 11.9% compared to January 2010.

Wholesale sales, for their part have appreciated by 3.4% compared to the previous month to 387 billion dollars, and jumped by 15.4% compared to January 2010.

According to the latest weekly report released by the U.S. Department of Energy, commercial stocks of crude, excluding the strategic reserve have increased for the week ended March 4, 2011, 2.5 million barrels to 348.9 million barrels. The consensus expected a rise of 0.4 million barrels.

Gasoline stocks have now declined by 5.5 million barrels when the consensus expected a decline of 1.5 million barrels. Finally, stocks of distillates (diesel and heating oil) fell by 4 million barrels when the consensus expected a decline of 0.6 million barrels.

Yesterday evening, the American side had finally affirmed an increase due to a banking sector led by Bank of America and rumors of mergers and acquisitions for example Sprint Nextel ... Wednesday, operators will follow in particular the case Texas Instruments, according to estimates adjusted the semiconductors Group . Dynegy has in turn created great excitement by preventing the risk of a Chapter 11.

VALUES OF THE DAY

AIG (-1%) announced that it had repaid $ 6.9 billion to the Treasury with the funds received from the sale of its stake in MetLife. The insurer still has $ 11.3 billion to the Treasury. With this payment, the Treasury has now recovered 70% of the 411 billion dollars distributed under the Troubled Asset Relief Program (TARP).

Texas Instruments (-3%), the Dallas firm has adjusted its earnings forecast for the first quarter of fiscal 2011. The management is now targeting EPS between 56 cents and 60 against précédentte a range between 54 and 62 cents. Revenues are now expected between $ 3.34 billion and 3.48 billion dollars against a previous range going from 3.27 to 3.55 billion dollars.

Navistar (4%), Illinois firm that produces commercial and military vehicles, has achieved in the first fiscal quarter ended in late January in a loss of $ 6 million and 8 cents per share, against a profit of $ 19 million a year before. The adjusted EPS was 16 cents. Revenues totaled $ 2.74 billion $ 2.81 billion against $. The consensus was 24 cents EPS and $ 2.9 billion in billings. The Group expects adjusted EPS a year from $ 5 to $ 6 per share.

Dynegy (-3%), the U.S. utility group, said that he could be forced to register under Chapter 11 protection in U.S. bankruptcy law, if he failed to honor its debt repayments from here to the 3rd or 4th quarter. The Group is currently trying to amend or to restructure its existing credit facility of $ 1.8 billion. The Group believes that it may be necessary to opt for the protection of Chapter 11 of bankruptcy code.

Boeing (stable) has informed Air Canada that the delivery of the five first 787 Dreamliner, originally scheduled for the second quarter of 2013, will now take place in the fourth quarter of 2013 and first quarter of 2014. This represents a delay of about five to seven months from the original schedule, says the Canadian company. Boeing said it continues to assess the delivery schedule of the remaining 32 firm orders of 787 for Air Canada, and it will transmit this information to Air Canada as they become available.

American Eagle (+5%), the American retailer of clothing for "teenagers" has announced its fourth fiscal quarter net income improved to $ 87 million and 44 cents per share, against $ 59 million and 28 cents per share, a year before . Revenues on the quarter ended January totaled $ 916 million, against $ 956 million. The 1st quarter of EPS expected between 13 and 17 cents. Q1 sales are hoped for the best stable constant store, or down to -3%. After edging past the consensus Q4, the Group therefore delivers forecasts T1 close to expectations. Finally, the chief executive Jim O'Donnell will bow out at 70.

Orbital Sciences (+6%). The U.S. Department of Defense announced it had awarded a contract for production and analysis on $ 1.1 billion to the Group Orbital Sciences. This contract is valid until 2018.

Tonight on Wall Street

Here are the U.S performance of Frenchpublicly traded stocks in New York tonight, closing on the Nasdaq and New York Stock Exchange:

Alcatel-Lucent -0.7%
France Telecom 0.3%
Sanofi-Aventis -0.5%
STMicroelectronics +2.9%
Technicolor -0.9%
Total -0.4%
Veolia Environment 1%
CGG Veritas -0.2%
ArcelorMittal -0.6%

Bank of America: No acquisitions program by CEO

Bank of America could have relatively high costs over the next two years, whereas the bank is confronted with a heavy losses on hypothecary loans. "We are Always face high costs, " has said Brian Moynihan , CEO of BoA, during the first investor day hosted by the institution since 2007. The results of the bank should nevertheless be normalized in 2012-2013, while its various subsidiaries were resumed more or less rapidly, he added.

In addition, Bank of America do not expect to increase its assets in the next five years and must be more restrained in its spending. B. Moynihan also said he was not interested in buying a European bank.

A discourse that seems to appreciate the investors while the value rises over 4% in recent trading on Wall Street

Values to follow the U.S markets

NEW YORK (Reuters) - The values in follow on Monday on Wall Street.

* STARBUCKS plans to carry out acquisitions in the next 12 to 18 months to develop its business, announces Director General Howard Schultz in an interview with the Wall Street Journal.

* NASDAQ OMX - The London Stock Exchange (LSE) plans to seize the U.S. stock operator, reports the Sunday Times, a month after announcing the proposed merger between the British establishment and the operator of the Stock Exchange Toronto.

* Engine Alliance, a joint venture of General Electric and Pratt & Whitney, a subsidiary of United Technologies, has been selected by Etihad Airways, based in Abu Dhabi, to power its future fleet of Airbus 380, as part of a command $ 1.5 billion.

Currencies: the dollar is suffering from rising oil prices.

Penalized mechanically by rising oil prices, the dollar gave up ground against the other major currencies.

As well, the euro surpassed the $ 1.40, more than 1.402 dollar, the greenback dropped to about 82 yen against the Japanese currency. The euro is trading a little over 115 yen.

'Oil prices have again increased strongly Friday,a barrel reachs in New York levels not seen since September 2008 as violence continued in Libya, especially in the oil ports of the east,' said a manager Barclays Exchange.

He stated that the courses have soared from about $ 18 (over 21%) over the last two weeks and reached 104.60 dollars Friday in plenary, the highest level since September 29, 2008.

Beyond the effect of oil, the euro-dollar is influenced by expectations of tighter monetary policy in the euro area, which approach from the ECB meeting on Thursday.

If the key rate was kept to a low of 1%, ECB President Jean-Claude Trichet has paved the way for a future increase to offset inflationary pressures, which could increase even occur as early as next month.

In contrast, the Fed seems reluctant to challenge its quantitative easing program (QE), despite the last employment report that confirms the dynamism of the labor market in the United States and hostility displayed by several members of the central bank to maintain a policy too accommodative.

The euro fell slightly against the pound sterling at 0.859 pound, but advance against the Swiss franc to 1.298 Swiss francs.

The FTSE 100 ahead by 0.4% at midday

LONDON (Dow Jones) - The FTSE 100 ahead by 0.4% to 6013.67 points on Monday at midday. Intertek, which accounts for 4.9%, still leads the index after the publication of its results and the announcement of an acquisition. It is followed by Burberry, which jumped by 3.7% due to supply rival LVMH on Bulgari. Fresnillo earns 2.5% thanks to rising gold prices. The increase in crude prices and concerns related to the situation in Libya, however, continue to influence on investor sentiment. Will Hedden, of IG Index, said it is very difficult to anticipate significant further progress in equity markets when such uncertainties persist with respect to crude prices and Libya. No major economic indicator is expected on Monday in the U.S..

Oil prices have finished by a strongly increase

NEW YORK (Reuters) - Oil prices have finished higher Friday, the markets fear of adverse supply shocks with the intensification of fighting In Lybia .

On the New York Mercantile Exchange, crude for April delivery ended at 104.42 dollars a barrel, up 2.51 dollars or 2.46%, its highest level since September 26, 2008 where it had closed at 106.89 dollars.

For the week, the U.S. light crude has won 6.54 dollars or 6.7%. He won 13.5% or $ 11.68 the previous week.

In London, Brent crude for April delivery ended at 115.97 dollars a barrel, up $ 1.18, or 1.03%. For the week, Brent crude gained 3.83 dollars or 3.42%. The previous week, Brent crude surged $ 9.62, or 9.38%.

Investors are also worried about a contagion of unrest in Saudi Arabia, where demonstrations of Shiites took place in the East.

Wall Street finish by a decreasing with oil prices

NEW YORK (Reuters) - U.S stocks has finished by a decrease Friday, affected by the higher oil prices due to the escalation of violence in Libya.

The Dow Jones index has assigned 0.72% or 88.32 points to 12,169.88 points while the Standard & Poor's 500 lost 0.74% or 9.82 points to 1321.15 points. The Nasdaq lost 0.5%, or 14.07 points to 2784.67 points.

For the week, the Dow is up 0.3%, the S & P 0.1% and Nasdaq 0.1%.

The strong rise in oil parallel to to the escalation of violence in Libya has erased the positive effect of U.S employment figures slightly exceeded expectations.

Expected to 185,000, the number of jobs created in February stood at 192,000 and the unemployment rate fell from 9% to 8.9%. But many investors had bet on a rise even higher in job creations, given other positive data on employment published in the week.

These expectations had allowed Wall Street to finish strongly increase Thursday. Friday's figures have proved broadly in line with expectations, investors are again focused on rising in oil prices and the insurgency in Libya.

Among the values related to consumption, those of the construction have been particularly neglected. The Index PHLX Residential Housing yielded 1.29%.

The chip maker Marvell Technology has plunged 11.5% to 16.13 dollars. The Group expects this quarter to a decline in sales.

The banking also declined. The KBW index of the sector has assigned 1.5%.

On the side increases, Wal-Mart won 0.11% to 52.07 dollars. The giant retailer announced Thursday it had raised its dividend by more than 20% to $ 1.46 per share.

The equipment supplier of oil Dresser-Rand won 5.26% to 53.05 dollars. The group announced on the point of buying the Spanish manufacturer of diesel engines Grupo Guascor for an enterprise value of 500 million euros.

The supplier of communications networks Juniper Networks has taken 0.8% to 44.11 dollars after saying that he planned a jump of 60% of its market opportunities over the next three years.
 

The automated trading

Definition:
The automated trading has existed since the 80s. It is a practice commonly used by major banks and investment funds consisting of stock orders passing through a robot that scans the market with algorithms.
It is a typical of Forex, encouraged by low investment costs and the high liquidity of the market (lets  buy and sell quickly).

Gradually, the automated trading becomes more democratic, although individuals will never take advantage of all the technological benefits of financial firms.


The strengths:
The automated trading brings great advantages compared to traditional trading:
- Robots analyze multiple charts simultaneously and place orders anytime ,day and night.
- Robots do not make the mistake of inattention.
- The robots perform complex calculations in a record time.
- The robots allow scalping.

How can I learn more?
Metatrader trading platform is the most used and most accessible to install robots (called Expert Advisor). Metatrader is offered by most Forex brokers.

These robots must be programmed in MQL4, a proprietary programming language specially developed and very flexible. They may for example be based on historical prices and technical indicators.

Brockers

A broker is a company responsible of placing client orders on an exchange. So is a Dealer (intermediary) specializes in the forex market.

Because of the high potential profitability of the brokerage activities, their number has exploded, but a twenties of them stand out and monopolize 90% of the individuals market.
A real regulation was put in place over recent years. The brokers are controlled by financial authorities credible. They can not use such money deposits to cover their internal costs.

Brokers allow traders to provide a trading platform, where they place their orders. These platforms are available on mobile phone by connecting to a secure web page, or by installing a software on the computer.
Usually there aren't investment expenses: the broker receives a portion of each spread. The spread is the difference between purchase price and the sale. These Commissions are extremely low (of the order of 0.0002% of the amount of the order) compared to those performed on other exchanges.

It coexists two types of brokers.
The Market Makers are widespread, offer fixed spreads and ensure prices. Some of are very playful, other techniques the contrary. Most of them have a dealing desk that allows them to vary the way against the trader's positions until a certain limit.
Despite their relatively poor reputation, some take their game by offering honest and reliable services to investors.
The ECN ,highly acclaimed and often reserved for experts, pass client orders directly on the market and in an anonymous way. Investment expenses are generally higher, but in counterparty, prices are identical certified to those  market. The automated trading is always allowed.

In general, the minimum deposit amount authorized is between 100 € to 250 €. Sometimes 1 € is sufficient, some require several thousand euros. Brokers still offer customer service reachable at any time. The withdrawals of funds are from 1 to 5 days (verifying the identity of the client).

Currency

Each currency is represented by a symbol of 3 letters EUR for Euro, USD for U.S. dollars, Japanese yen JPY, ...

Currencies are always traded in pairs, it is not possible to buy or sell one currency alone.
For example the EUR / USD is the price of the euro against the dollar. If the EUR / USD rises, it means that the euro has been appreciated against the dollar. And conversely if the EUR / USD decrease.

It usually displays the evolution of the course in a chart. A graph follows the prize value over time.

Currencies are taking or losing value depending on the economical conditions in countries (deterioration -> decrease and Improvement -> increase). The monetary policy plays also an important role in their scoring: a policy of inflationary type (massive impression of new notes and general rise of prices and wages) will be a strong downward impact of one currency compared to another.

The dollar is far the most traded currency.
The most missing currency is the  Chinese yuan, because  authorities refused his free trade to maintain it at an abnormally low (dumping of imports)

Currency     Symbol
ARS           Argentine Peso
GRD          Greek drachma
PLN           Polish Zloty
AUD          Australian Dollar
HKD          Hong Kong Dollar
SEK           Swedish Krona
BRL           Brazilian Real
HUF          Hungarian forint
SGD          Singapore Dollar
CAD         Canadian Dollar
ILS            Israeli Shekel
SKK         Slovak Koruna
CHF          Swiss Franc
INR           Indian Rupee
THB          Thai Baht
CZK         Czech Koruna
JPY           Japanese Yen
TRY         Turkish Lira
DKK        Danish Krone
MXN        Mexican Peso
USD         U.S Dollar
EEK          Estonian Kroon
MYR         Malaysian Ringgit
ZAR          South African Rand
EUR          Euro
NOK        Norwegian Krone
GBP          Pound Sterling English
NZD         New Zealand Dollar

What does the Forex mean?

 Forex a contraction of Foreign Exchange, refers to the foreign exchange market, also called foreign exchange market or FX. With a volume of 3000 billion euro traded each day, it is by far the largest financial market worldwide. It's exist since 1971. Investors buy or sell currencies. These currencies are traded in pairs, for example Euro / US dollar, British pound / Japanese yen ..

Stakeholders:
Financial institutions are heavily involved with the enormous flow on the Forex placed for various reasons. Large private groups such as banks and pension funds, invest them in purposes only speculative.
Businesses use the Forex to overcome a possible price fluctuations (currency swap). Indeed, if for example a French company received an order in dollars, it will have any interest in what the dollar does not decrease relative to the euro. Through a system of complex forex investment, it 's then provides the stability of its income.
Individuals (retail) only put very little money compared to previous companies. But thanks to the democratization of forex brokers (intermediaries that connect the trader at the market), their share of investment is growing.

Advantages:
The forex market is a highly speculative. Various tools (analysis, indicators, economic news) give traders the ways to establish various investment strategies.
The vast market liquidity can place orders quickly, with minimal expense. In addition, automatic trading (robotic traders) is widely used.

Opening hours:
Forex is opened from Monday 0:00 to Friday  23:30 French time.


Trading:
Forex courses, like grants, are evolving according to the economic environment. The aim here is also to anticipate the trends to grow its capital.
Prices fluctuate according to established patterns. It is also possible to rely partially or only on technical analysis.
Brokers can simulate investments in real time through the demo accounts.

Daily Market Analysis - 02/03/2011

The session on Wall Street was closed yesterday by the strong price falls after the price of oil is again approached $ 100 a barrel. At the end of session, the Dow Jones index, which increased by 2.8% in February, slipped from 1.4% to 12,057 points. The index of the SP500, which was completed in February increased by 3.3%, fell from 1.6% to 1306 points while the Nasdaq, which rose 3% last month, lost 1.6% to 2737 points.

Decreases were noted during this morning's awards in Asia for the first time in four days, after the price of oil has risen above $ 100 following concerns that the disturbances in North Africa and the Middle East will lead to a further decrease of oil supplies. In addition, the Tokyo Stock Exchange down 2.1% of, Seoul down 0.7% and Hong Kong stock exchange fall by 1.8%. The price of oil contracts come to an end of April increased by 0.5% in the rate of 100.1 dollars per barrel in electronic session of the commodities exchange in New York.

In the area of macro research institute announced yesterday that the ISM index of activity of the production sector in the United States has increased in the month of February to 61.4 points - its highest rate since the month of May 2004, this compared to 60.8 points the previous month. The forecast of economists spoke of a more moderate increase of the index at 61 points. In addition, the U.S. Department of Commerce announced that construction costs in the United States had declined in January to 0.7% after falling 1.6% in December. The forecast of economists spoke of a more moderate decline of 0.4%.