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Calculating FOREX Profits and Losses 2008-02-09 06:38:00 FOREX currencies are traded in much smaller divisions than cash. Whereas the smallest division in US cash is the penny ($0.01), US currency can be traded on the FOREX in divisions of $0.0001. This smallest division is called the pip (short for Price Interest Point - sometimes just called 'points'). Since currencies are traded in large lots of (say) $100,000 - small movements in value can generate substantial profits and losses. In a lot of US$100,000 one pip is worth $10 so an increase in 40 pips (4/10 of one cent) can generate a profit or loss of $400.Currencies are traded in lots of various sizes. The standard lot is 100,000 units of the base currency. A unit is the currency name e.g. one unit of US dollars is the dollar. So a standard lot of US currency is worth $100,000. FOREX trades can have lots of various sizes - a mini lot is 10,000 units, but the most trades are done using standard lots.Various currencies have different sized pips. The US dollar is expressed in pips of 0.000 ...

Euro Stocks Lower as Pharmas and Banks Sink 2008-02-08 07:53:00 European stocks slipped into territory Friday afternoon, tracking U.S. futures and with declining pharmaceuticals and banks dragging on the major indexes.U.S. stock index futures lost their positive bias, with fears of a U.S. recession returning to the market.In Asia, many investors were away for the Lunar New Year. Japan fell 1.4 percent in a quiet session and Australia finished 1.1 percent higher, in thin volumes.GlaxoSmithKline was one of the lead losers on the FTSE-100, with declines of 2.9 percent, as the London-listed drug maker was downgraded by Fitch Ratings after it warned on 2008 earnings Thursday. Sanofi-Aventis and Merck were also lower.Fears over the health of the U.S. economy and the spreading of the credit crunch still remained a key concern, with some analysts saying any recovery is likely to be short-lived. 'The fundamental themes are still there, still a lack of confidence in economic figures and also increasingly in the corporate figures, with the likes of Glaxo,' ...

Forex - Canadian dollar strengthens vs US dollar after strong employment data 02/08/2008 2008-02-08 07:48:00 LONDON (Thomson Financial) - The Canadian dollar strengthened against the US dollar following a strong set of employment data, which dampened hopes for a large interest rate cut at the Bank of Canada's next meeting in March. Statistics Canada said jobs rose by 46,000 in January, boosting the employment rate to a record high of 63.8 pct. This brought the unemployment rate down to 5.8 pct from 5.9 pct in December, confounding Thomson IFR Markets' consensus expectation for a rise to 6.0 pct. "The probability of the BoC doing a 50 basis point cut has dropped significantly," said James Vola at Thomson IFR Markets. "The economy has had another monster print for employment and wages are rising, and the BoC does not seem likely to add to much fuel to the economy's fire." At 12.49 pm, the US dollar had weakened to 1.0018 cad, from 1.0074 cad prior to the data. ...

Oil higher on Nigeria supply disruptions and cold US weather 2008-02-08 07:40:00 LONDON (Thomson Financial) - Oil was up in London as supply disruptions in Nigeria and colder weather in the US gave prices a boost. "On Thursday, Royal Dutch Shell announced that it was halting 130,000 bpd of production in Nigeria due to pipeline leaks," said analysts at Barclays Capital. "In addition, US weather forecasts indicated that temperatures in the North East would fall below normal next week leading to speculation that US demand would rise in response." They cautioned however that gains have been capped by fears of a looming recession in the US and seasonally lower demand in Q2 of the year, which could yet see prices move further away from the highs. At 12.38 pm, New York's WTI crude for March delivery was up 59 cents at 88.70 usd per barrel. Yesterday, prices dipped as low as 86.24 usd following a massive rise in US crude stocks the previous day, and lingering recession fears. In London, Brent crude for March delivery was up 58 cents at 89.09 usd per barrel. Shel ...

forex earnings Week of 2/4/2008 thru 2/8/2008 2008-02-08 07:28:00 Monday, February 04, 2008 Economic 7:30am Jan Challenger Job Cuts (last –18.7% y/y) 10:00am Dec Factory Orders (last 1.5%) Events 11:20am Fed's Kroszner speaks on mortgage regulation in Las Vegas.1:15pm US Treasury's Solomon & Swagel hold briefing on 2009 budgetplan. Credit Suisse Energy Summit, Gartner Business Process ManagementSummit, Annual Meeting of the American Academy of Dermatology. TradesEx-dividend: XLNX $0.12, CTAS $0.46, ZION $0.43, FO, $0.42, HAR $0.013. Earnings Before the Open: AHCI, ADM, BEAV, CLX, FCTR, HUM, IR, NTE, NNN, PTIE, PMI, PCH, TPP, WEN. After the Close: ASEI, APC, AUDC, AXS, BMI, EFX, FEIC, HAIN, ILMN, LVS, LNC, MTW, NTCT, NUAN, OPNT, OMI, PKY, PRE, PPS, PWAV, PFG, RMBS, RCII, SVVS, SCUR, SIGI, SGTL, SIRF, SOHU, SPF, SNCR, TNB, TMA, TZIX, VASC, WGL, YUM. Tuesday, February 05, 2008 Economic 10:00am Jan ISM Business Non Manufacturing (last 54.4) Events 10:00am Treasury Secretary ...

Shanghai rebounds strongly to lead Asian rally 2008-02-04 13:29:00 HONG KONG (MarketWatch) -- Shanghai-listed shares rebounded strongly Monday to lead a regionwide rally, after the Chinese market regulator approved the launch of two new stock funds for the first time in several months, triggering heavy buying in beaten-down resource stocks such as Jiangxi Copper Co. and PetroChina Co.Most other Asian markets were cheered by a higher close on Wall Street, with Japanese stocks rising sharply as shares of Yahoo Japan (4689) and its largest shareholder Softbank Corp. (9984) paced gains after Microsoft Corp. launched a $44.6 billion bid to acquire the Japanese Internet company's parent Yahoo on Friday.Australian shares got a lift from miners after Alcoa Inc. and Aluminum Corp. of China, or Chinalco, jointly acquired a 12% stake in Rio Tinto (RIO)(RTP), raising hopes the duo may block BHP Billiton's attempts to acquire Rio.However, banking shares such as National Bank of Australia reversed intraday highs after Moody's Investors Service placed A$83 billio ...

Shanghai rebounds strongly to lead Asian rally 2008-02-04 13:29:00 HONG KONG (MarketWatch) -- Shanghai-listed shares rebounded strongly Monday to lead a regionwide rally, after the Chinese market regulator approved the launch of two new stock funds for the first time in several months, triggering heavy buying in beaten-down resource stocks such as Jiangxi Copper Co. and PetroChina Co.Most other Asian markets were cheered by a higher close on Wall Street, with Japanese stocks rising sharply as shares of Yahoo Japan (4689) and its largest shareholder Softbank Corp. (9984) paced gains after Microsoft Corp. launched a $44.6 billion bid to acquire the Japanese Internet company's parent Yahoo on Friday.Australian shares got a lift from miners after Alcoa Inc. and Aluminum Corp. of China, or Chinalco, jointly acquired a 12% stake in Rio Tinto (RIO)(RTP), raising hopes the duo may block BHP Billiton's attempts to acquire Rio.However, banking shares such as National Bank of Australia reversed intraday highs after Moody's Investors Service placed A$83 billio ...

Ryanair profit declines 27% outlook Airline warns that fiscal 2008 profit could fall as much as 50% 2008-02-04 13:18:00 LONDON (MarketWatch) -- Shares of Ryanair Holdings Plc declined 12% on Monday as Europe's largest low-cost airline reported a 27% drop in adjusted third-quarter profit because of lower ticket prices, and warned that higher fuel prices and weaker consumer spending could cut next year's profit by as much as 50%. Third-quarter net income at the budget carrier slipped to 47.2 million euros from 47.7 million euros a year earlier. Excluding a one-time gain of 12 million euros from the disposal of aircraft, adjusted profit fell 27% to 35 million euros. Passenger traffic rose 16% to 12.4 million. Sales climbed 16% to 569 million euros as a 30% increase in ancillary revenue offset a 4% drop in yields, also known as ticket prices. Ancillary revenue includes revenue from food sold on the plane, luggage charges and commissions on auto rentals and hotels booked through Ryanair's (RYA)(RYAAY) Web site. The airline said it's on track to meet its ancillary sales target of 20% of revenue over the ...

Ryanair profit declines 27% outlook Airline warns that fiscal 2008 profit could fall as much as 50% 2008-02-04 13:18:00 LONDON (MarketWatch) -- Shares of Ryanair Holdings Plc declined 12% on Monday as Europe's largest low-cost airline reported a 27% drop in adjusted third-quarter profit because of lower ticket prices, and warned that higher fuel prices and weaker consumer spending could cut next year's profit by as much as 50%. Third-quarter net income at the budget carrier slipped to 47.2 million euros from 47.7 million euros a year earlier. Excluding a one-time gain of 12 million euros from the disposal of aircraft, adjusted profit fell 27% to 35 million euros. Passenger traffic rose 16% to 12.4 million. Sales climbed 16% to 569 million euros as a 30% increase in ancillary revenue offset a 4% drop in yields, also known as ticket prices. Ancillary revenue includes revenue from food sold on the plane, luggage charges and commissions on auto rentals and hotels booked through Ryanair's (RYA)(RYAAY) Web site. The airline said it's on track to meet its ancillary sales target of 20% of revenue over the ...

Japan stocks rise on Microsoft factor 2008-02-04 13:06:00 Shares in Softbank soared as much as 16% and Yahoo Japan was untraded due to a flood of buy orders on Monday in Tokyo, on hopes a potential Microsoft acquisition of Yahoo would boost the Japanese firms’ competitiveness, reports Reuters. Microsoft’s $44.6bn bid for Yahoo announced Friday was priced at $31 per share - a 62% premium to Yahoo Inc’s Thursday close. Internet and mobile phone service company Softbank owns 3.9% of Yahoo Inc in terms of voting rights. Yahoo Japan is owned 41% by Softbank and 33% by Yahoo Inc. The deal, if realised, would be highly positive for Yahoo Japan, said one analyst, as Microsoft’s financial prowess and technological expertise would help Yahoo Inc and Yahoo Japan compete better with Google in internet search services. Meanwhile, a weekend report in the Nikkei business newspaper said that a Microsoft acquisition of Yahoo Inc would likely result in an alliance among Microsoft, Softbank and Yahoo Japan. ... Microsoft

Japan stocks rise on Microsoft factor 2008-02-04 13:06:00 Shares in Softbank soared as much as 16% and Yahoo Japan was untraded due to a flood of buy orders on Monday in Tokyo, on hopes a potential Microsoft acquisition of Yahoo would boost the Japanese firms’ competitiveness, reports Reuters. Microsoft’s $44.6bn bid for Yahoo announced Friday was priced at $31 per share - a 62% premium to Yahoo Inc’s Thursday close. Internet and mobile phone service company Softbank owns 3.9% of Yahoo Inc in terms of voting rights. Yahoo Japan is owned 41% by Softbank and 33% by Yahoo Inc. The deal, if realised, would be highly positive for Yahoo Japan, said one analyst, as Microsoft’s financial prowess and technological expertise would help Yahoo Inc and Yahoo Japan compete better with Google in internet search services. Meanwhile, a weekend report in the Nikkei business newspaper said that a Microsoft acquisition of Yahoo Inc would likely result in an alliance among Microsoft, Softbank and Yahoo Japan. ... Microsoft

Microsoft + Yahoo = Microsoft - $44.6 billion 2008-02-04 12:59:00 NEW YORK (Reuters) - Microsoft Corp (MSFT.O: Quote) has made an unsolicited offer to buy Yahoo Inc (YHOO.O: Quote) for $44.6 billion in cash and stock, seeking to join forces against Google Inc (GOOG.O: Quote) in what would be the biggest Internet deal since the Time Warner-AOL merger.In its boldest-ever acquisition move, Microsoft said on Friday it offered $31 per share for Yahoo, or a 62 percent premium over the Internet media company's closing stock price on Nasdaq Thursday.Yahoo, whose shares jumped to $30.75 in premarket trading, said it would evaluate the bid.Microsoft shares, which have a market capitalization of about $300 billion, fell 6 percent to $30.78. ... Microsoft  Yahoo

Microsoft + Yahoo = Microsoft - $44.6 billion 2008-02-04 12:59:00 NEW YORK (Reuters) - Microsoft Corp (MSFT.O: Quote) has made an unsolicited offer to buy Yahoo Inc (YHOO.O: Quote) for $44.6 billion in cash and stock, seeking to join forces against Google Inc (GOOG.O: Quote) in what would be the biggest Internet deal since the Time Warner-AOL merger.In its boldest-ever acquisition move, Microsoft said on Friday it offered $31 per share for Yahoo, or a 62 percent premium over the Internet media company's closing stock price on Nasdaq Thursday.Yahoo, whose shares jumped to $30.75 in premarket trading, said it would evaluate the bid.Microsoft shares, which have a market capitalization of about $300 billion, fell 6 percent to $30.78. ... Microsoft  Yahoo

World Economic Update 2008-02-04 12:46:00 The International Monetary Fund (IMF) has again cut its forecast for world economic growth and is bracing for more bad news in rich and poor countries, even as it stopped short of using the word "recession" on Tuesday (WASHINGTON). This year, the global economy will post its weakest performance in five years, the global economic watchdog said in an update to its semi-annual World Economic Outlook report. The warning comes days after IMF managing director Dominique Strauss-Kahn broke with tradition and asked governments to spend more - even at the cost of increasing budget deficits, which the agency normally considers a cardinal sin - to stimulate their economies. Strauss-Kahn cited the severity of the unfolding downturn. Growth in 2008 likely will slow to 4.1%, from 4.9% in 2007. Last October, it predicted 4.4% growth for 2008. This would be the worst performance since 2003, when the world economy grew by 3.6%, according to the IMF. "The overall balance of risks to the global growth ou ...

World Economic Update 2008-02-04 12:46:00 The International Monetary Fund (IMF) has again cut its forecast for world economic growth and is bracing for more bad news in rich and poor countries, even as it stopped short of using the word "recession" on Tuesday (WASHINGTON). This year, the global economy will post its weakest performance in five years, the global economic watchdog said in an update to its semi-annual World Economic Outlook report. The warning comes days after IMF managing director Dominique Strauss-Kahn broke with tradition and asked governments to spend more - even at the cost of increasing budget deficits, which the agency normally considers a cardinal sin - to stimulate their economies. Strauss-Kahn cited the severity of the unfolding downturn. Growth in 2008 likely will slow to 4.1%, from 4.9% in 2007. Last October, it predicted 4.4% growth for 2008. This would be the worst performance since 2003, when the world economy grew by 3.6%, according to the IMF. "The overall balance of risks to the global growth ou ...