Earlier this week the Apple brand, Apple has introduced new products through a conference, the purpose of this was to reassure investors because since the iPhone 5 was launched in 2012, during the Apple value (
eToro $ AAPL) continues to dive, we see a decrease of 38% in the space of three quarters, in addition to this another thing that was never seen in 10 years in the first quarter of this year
been declining profits of the group, so Apple holds its against attack and wants to reverse the course of action.


Two new operating systems were presented:


The Mavericks OSX computers

The iOS 7 for smartphones


There was also the announcement of two new machines:


A new MacBook Air


For many fans of the brand this conference was a total disappointment.

There has been no announcement on the possible release of a new iPhone or an iWatch (a iTélévision seemed to be expected by the market).

Apple company does not seem to have responded to the expected by the public, it can be interpreted as a lack of ambition in the face of competition is becoming increasingly fierce, we are talking about Samsung for example that in March with
the release of its Galaxy S4 confirmed its leading position.


Faced with this lack of innovation and competition that continues to grow, Apple seems to know a loss of power but as we saw yesterday in our article "The right time to invest on the Facebook action?
"The world's largest groups often fall after being defeated in battle and it would not be surprising that Apple innovates very soon which would boost the share price could rise again to
pleased investors.


Do you think you can start buying Apple stock?

We remind you that it is now possible to make trading stocks like Apple or Facebook, as well as six other titles (Amazon, eBay, Google, Microsoft, Yahoo, Zynga) which will soon add 50 new shares in the broker
eToro.
A new Mac Pro

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The Court of Auditors has again pinned the government keeping its deficit reduction targets , both for 2013 and even 2014.Jean- Marc Ayrault has now announced that 14 billion euros will be punctured in expenses related to the Finance Act 2014.Unemployment is at its highest, the recession is declared, will again tackle the deficit would it not dangerous now ?
Growth forecasts downward
The government expects 2014 growth of 1.2%, however, this prediction seems mindless with respect to the current trend.
The Court of Auditors more about predicting the OECD is based, ie an increase of 0.7%.
Originally scheduled to 2.9%, the deficit in 2014 would then amount to 3.5%.
France has committed against its European partners to reduce its public deficit to 3% of GDP, the government has until 2015 to achieve and sustain this effort.
However, besides that Spain will achieve a deficit of 6.5% of GDP in 2013, there is a two-speed Europe.
The Court of Auditors is blind
Despite corrections in growth forecasts, the Court of Auditors gives a fairly encouraging the policy of the Government portrait and stresses that the executive following the right path.
Indeed, so far the government has mainly relied on higher taxes for the year 2013 it will be an effort of 2 percentage points of GDP to be asked, and in 2014 it will be 1 point.
By cons, in 2014 the government will not feel nearly as spending about 80% of the effort will be focused on reducing public spending.

The Court of Auditors requests the Government to carry on spending "braking with immediate effect."
The measures proposed by the Court of Auditors are dangerous, including the freezing of the index of civil servants (already decided by the government), in the indexing of pensions or family allowances.
Are also covered housing assistance, or unemployment benefits.
François Hollande himself mentioned that the number of officials was not an adjustment variable, so it will be private sector employees, and the unemployed who will be most affected.
These are measures that discriminate depletion recovery of consumption and therefore growth.
You should know what the goal is, deficit reduction, or resumption of growth?

Of the 150 pages that make up the report provided by the Court of Auditors, we note the presence of only one page (115 for the curious) evoking the multipliers.
And moreover, this is a comparison between the spending multiplier and revenue.
Estimates of these multipliers are less than 0.5, which are certainly poor estimates.
To understand what is a multiplier, take an example, the expenditure.
If I lower the costs of the order of 1 percent of GDP, and GDP decreased by 1 point, this means that my multiplier is 1.
By cons, if again, I reduced spending a point, and GDP decreased by two points, it means that my multiplier is 2.
In our case, with a multiplier less than 0.5, it means that if spending is reduced by a certain amount, the impact on GDP will be at least two times lower.

The estimated multiplier in an open economy like ours is very difficult economy, yet it is above the government or the Court of Auditors base their estimates of growth or deficit.
But in periods of deflation marked by a recession or stagnation, is empirically known that the multipliers are very strong.
And that is the tragedy, because the Court of Auditors underestimates, therefore promotes austerity measures.
The government operates these measures are expected to low pressure growth since the multipliers are estimated to be low, and in the end it is the recession, and we wonder why it is always wrong.
An IMF report says himself that Keynesian multipliers are strong in Western countries today.
And even, we could benefit from these high multipliers to boost growth while there is still time.

In conclusion, the policy advocated by the Court of Accounts is probably based on erroneous estimates.
And especially since even erroneous, the Court of Auditors does not even seem that worry multipliers why we systematically observe negative differences between the estimates and achievements deficits.

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Forex 26 / 06: U.S. quarterly GDP ( final)

This morning one of the few notable announcements will be a British news, Governor Mervyn King of the Bank of England will hold a press conference at which he would discuss the financial stability report of the central bank.

The speeches are part of important announcements for currency traders and usually attract a lot of attention, this is due to the important role that international central banks (BoE, ECB, FED, ....) take they are actors
keys in the global economic system.

Mark Carney will succeed the current governor Mervyn King at the beginning of next week, the last speech of Governor King could then be symbolic and have a slightly greater impact than his previous speeches.

The attention of market participants who yesterday was focused mainly to the United States should still remain this afternoon, although we have less data yesterday the final release of U.S. gross domestic product (GDP) should be closely
observed.

The growth figure is expected to remain at 2.4% for the first quarter of 2013 but traders may seek an even better performance in this case could result in a greater impact on American currency pairs and indices.


Finally one of the other ads that appeal to commodity traders is the U.S. oil inventory.

Oil or Oil is an asset that is responsive enough to the release of the statistics on the fundamental analysis strongly influences the chart of this instrument which is why we advise traders to look at those numbers are today '
Today expected to decrease.

In fact a few days ago we spotted an investment opportunity in the oil compared to the current situation in Kurdistan.

The only limit for traders who want to work this asset is only a few forex brokers include it in their assets, this is the case eToro or FxPro example.

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Forex 28/ 06: Michigan Consumer Sentiment (USA)

Japanese economic data released last night were encouraging, the industriellenous production showed sustained at a much faster rate than what was initially expected improvement (2% instead of 0.2%).

The figure of the price index (CPI) in particular provided a stimulus to the economy and the Japanese currency since it remains below 0.2%.


The U.S. economy is also in a good cycle, overall we can note that the U.S. economic data this week have been quite positive, for example the weekly unemployment claims published in Thursday were
full compliance with the expectations of traders and what was expected by analysts, they are even placed below the 350,000 applicants for aid for unemployed (346,000), the decline in unemployment is a positive sign for the economy
.

Personal income or figures related to real estate sales as pending home have also been growing and we have shown a marked net increase of 6.7% compared to the last figures published in previous months and instead
of 1% growth that were scheduled for this month.

These good figures indicate that the U.S. economy continues to improve in the second quarter and shows no sign of weakness for the moment at the entrance of the third quarter.   While the attention of traders is likely to turn to the United States once again today with the release of figures Michigan consumer sentiment should we show a slight improvement (change from index 82,
7 to 83.1) and reflecting the growing activity of American consumers and optimism we also have some news earlier this morning on the European side which remains relatively low importance such as the Italian CPI or CPI
German.

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Alpari integrates its Neteller payment

While some brokers looking to integrate a module deposit and withdrawal of money as deBitcoin other diversified practice their deposit options and withdrawal money transfer systems with more traditional funds.This is also the case that the broker Alpari announced that its customers can now use the method of payment for Neteller approvisonner their trading account and make withdrawals from their earnings .
The electronic payment
If you still do not know what Neteller know that this is simply an electronic portfolio (online portfolio) for leave money, then transfer to other online accounts of this type to
bank accounts, to sites of trading binary options, paris sports or other ...
but also pay for purchases via the Internet.

One alternative is similar to Neteller / Moneybookers Skrill portfolio.


Compared to more conventional modes of payment such as bank transfer, online portfolios have several advantages, such as the speed of silver deposits are processed immediately, the speed of withdrawals that are usually done within 24 hours.

The broker Alpari proposes to use this payment solution, deposits and cash withdrawals will be processed within three hours, the broker promises that aims to treat all requests for payment in the fastest time possible.


Other forex brokers and binary options brokers allow you to use Neteller, Moneybookers / Skrill or Paypal service in the same line as is the case for example for eToro, or FxPro encoreIronFX.

What are the costs?

Deposits made through Neteller which can often be slightly taxed in most sites offering this service will be offered free at Alpari during the first two months following the launch of this new offering.

Once these past two months Alpari officially announce the percentage charged on deposits, but after we checked with an official representative of the broker we knew it should be around 2.5%, but Alpari aims to
to this free service.


Compared to other forex brokers these conditions are particularly favorable, another interesting case of broker providing this service is the number one in social trading is that eToro does not apply any surcharge for deposits, withdrawals are meanwhile
subject to variable costs from $ 5 to $ 25 depending on the maximum amount of money withdrawn.


Of all the payment options offered by Alpari to date, Neteller seems to be the best, it is also one of the two fastest options for depositing money (the other option is the map
bank).

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The App Store broker FXCM

 

The store FXCM was already in line for about a year but this service has never really been popular .This may be about to change asFXCM now enables developers to actively participate in this shop but customers have free applications that normally appear to be paying .
Sell ​​Your Products

If you are a developer, you are inspired and you create applications compatible with one of the platforms of the broker you can submit them to FXCM Apps.

Developer requests are reviewed by teams of broker who will firstly examine whether the application in question or may not contain bugs to fix, if it is compatible with one of the platforms that are offered to customers
(ie MT4 Trading Station, NinjaTrader and standalone apps).
This small review process can take up to two weeks.

Developers must necessarily accompany their application with a detailed description of the product they offer so that customers interested in it know what they are considering buying.


In case the application (indicator, expert advisor, script or add-on) is approved by the carrier and added to the store, developers are encouraged to promote their product on their own.

The broker FXCM may also choose to put some of the products back and make himself the promotion if they are likely to attract a large number of traders and generate revenue.

Besides talking about income, developers will receive 80% of sales and the remaining 20% ​​will go to FXCM as a commission.


This fee is charged by the broker since it allows developers to sell their products meet a wide clientele of all traders of the broker (approximately 200,000 active traders) but also because the broker will take care of correct and
refine the application and create an executable file that will be hosted on its own servers.

The developer may itself determine the prices of its products, but it must be approved by FXCM, which will ensure that the request is reasonable.
Get apps
The store FXCM has about 80 applications for the moment that the unit price is between 0 and $ 500 , they are all reserved for customers that must have an account tradingFXCM for access .Note also that in the same genre broker FxPro also offers similar resources to those of FXCM clients through a free library for MT4 trading robots and cTrader .
In addition, a special promotion was set up at FXCM , customers depositing at least $ 5,000 in their trading account will get back 6 applications worth $ 300 as a gift.Also note that by opening a trading account with the broker FXCM you can also benefit decertains benefits , such as a refund of your spreads up to 40 % , but also Forexagone Guarantee .

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How much gold does it fall ?

  The price of gold had depreciated sharply a few weeks ago , then a lull , and now falling back with a vengeance .Compared to the highest in September, this is a decrease of 28 % in total.Now it depends on whether this decline may continue, or whether it represents a cyclical adjustment .

The main actors

The first are the physical gold buyers and arranging for commercial and non-financial.
Including jewelry, but especially now in the computer and high technology, since gold is an excellent conductor.
Although the jewelery industry and luxury, often exploiting gold are doing quite well, it is primarily the Asian industrial demand has a future in the weighing of the actors.

Alternatively, there are those who hold gold in financial or speculative purposes.
There are including central banks, when selling their gold stocks tend to seriously impact the course.
But these are one-off events, and a priori they do not explain the sharp drop, including the sale of Cyprus gold is negligible.
In addition, another cause is found to be disinflation, gold is traditionally a tool of conservation value and therefore a safe haven against inflation.
However, in recent months, prices tend to increase more slowly, this is called deflation, this is also the case in France.
So at this point, it is clear that a number of investors are not interested in gold, and thus in favor of selling profitable assets.
On the other hand, investors seem to anticipate a decline in inflation in the United States, indeed the policy of the Federal Reserve QE3 coming to an end, it allows for time artificially maintain a level of inflation,
judgment should therefore promote the sale of gold for the reason mentioned above.
Moreover, a Bloomberg survey indicates that many traders never have been bearish on gold for 3 years now.

Asian demand for media

As we mentioned just before, a significant share of the market held by physical gold consumers.
While others place more often on gold "paper" from financial product tracing the price of gold (ETF ...).
The price of gold has remained high for several years, a decline is unexpected for Chinese producers have seen their margins shrink as prices increased.
But now, the price decreases strongly, manufacturers are therefore waiting for a continuation of the decline to buy heavily at the lower levels, and store, while enjoying a great margin.
However, production is dependent on the demand from Western countries, even if the demand for new technology is strong, maintaining the European stagnation would not be profitable in gold.
But anyway, gold has good fundamentals on the physical plane.

The runoff of gold by central banks.

European central banks have not yet really is at this level, if not France having sold 500 tons of gold a few years ago (one sixth of the Reserve Bank of France anyway).
However, the euro area has full the largest gold reserve in the world, more than 10 000 tonnes.
And Italy has nearly 2,500 tons of gold, about as much as France, she could to ease the burden of its debt to withdraw a portion of its gold as the price of gold n '
not too down.
It is therefore necessary to carefully monitor the movements of European national banks could liquidate some of their reserves ...

In conclusion, for the time being, it appears that the downward trend continues.
Indeed, inflation risks appear to be seriously diminished, and even through clearly expansionary monetary measures, prices have thought very moderately.
Now, it is more towards disinflation and deflation may be in the absence of stimulus.
But do not forget that gold is a refuge, a relic as Keynes described so well, if e deflationary crisis, it could be as much as the course is highly appreciated if not better.

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