Go Forex Trade!

Good morning and welcome to another trading day! Are you making some serious pips out there? If you are great! If you are not at the time, just keep persistant and keep on educating yourself, you will get there in due time!!!

over the last couple of days I have received a few comments from loyal site visitors who expressed their experiences here at GoForexTrade.com. I do greatly thank you for the input and keep the comments coming! And again, thank you for visiting my site!!!

How about we get to some news on the Forex front, shall we?

Today will be a busy day and and we are looking at some heavy hitters. First, France will have numbers on Consumer Spending. This is compared on a month to month basis.

Italy will have the numbers for retail sales. This is also a monthly index which shows the fluctuation in retail purchasing.

England will have a few news reports coming out this morning around a couple hours from now. One of the heavy hitters we will mention is the Meeting Minutes from the Monetary Policy Committee. The minutes have a huge importance because it could mean a change in interest rate, banking regulations or another major issue in banking. At the same time, the British Bank Association will have their number for Mortgage Approvals.

Europe will then release their Industrial New Orders then England will cap out the European Market News with the Confederation of British Industrie’s Industrial Trends Orders.

In the US Market, we have a couple of heavy hitters to talk about. Canada first off, will release Their Core Commodity Consumer Price Index, then their regular Consumer Price Index.

The USA will then post Crude Oil Inventories. This will slightly affect the dollar compared to crude oil prices. Expect this one to be a bit high on inventories, which might drop the price of crude even lower! Maybe we can drive the SUV once again eh?

Then the US has this so called “Beige Book.” What is the deal with this? Well, the Beige Book is a compilation of data of the economic status and situations of the 12 Fed Districts in the US. This is usually done about a couple of weeks before Bernanke and the Boys get together over a few drinks, a couple of testimonies to congress and such, and determine if there is a need a for a change in bank rate.

For the Asian Market, We have a big bad heavy hitter in New Zealand with the Cash Rates being unveiled in Auckland around market open. Expectation is to keep the rate at it’s current level of 8.25%. Expect a statement shortly thereafter by the Monetary Policy Committees.

And in Japan, look for their Trade Balance to be released!

Again, to my fellow traders in the Forex Market, and also site visitors who are just visiting to see us..
THANK YOU FOR YOUR PATRONAGE!!!!

Have a great day, and as always…
TRADE ON!!!

Thomas Howell
GoForexTrade.com

Good morning!

Are you ready to make some serious pips?

Let’s talk about today’s trading news, shall we?
First, we will see Switzerland’s Trade Balance. The magic number is 1.62 Billion. To Conclude the European major news, we will see words from Bank of England’s Mervyn King along with Sir John Gieve, which he will be speaking to the Parliament’s Treasury Committee in London about banking reform.

In the US Market, we will see Treasury Secretary Henry Paulson at the New York Public Library speaking about reforms in the banking industry.

Also, we will hear words from Fed Member Plosser, speaking not about the cheesesteak index of course (Philadelphia Fed Governor Plosser we are speaking about here), but rather we will hear words at a Philadelphia Business Journal Luncheon. Philadelphia Business Journal, is a prominent local Philly newspaper that deals with all things business.

We will also get numbers later for the House Price Index Monthlies and Richmond Manufacturing Index.

Canada will release their Core and Regular Retail Sales this morning.

Later on when the Asian session opens up, Australia will release their Consumer Price Index, ad Trimmed Mean Consumer Price Index. The “Trimmed Mean” means that this CPI will exclude some of the most volatile items and commodities.

Have a great day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

Good morning and welcome to the trading week! Monday is a very quiet day obviously, so we are going to use just one post to cover everything here instead of spreading ourselves thin. We would rather have blog posts that are full of information and engaging, instead of having a small blog post for quiet days like today.

The three BIG events we will have today in the Forex Market:
1815 GMT
Switzerland will release their Product Price Index.
1500 GMT
United States - Leading Index
0050 GMT 7/22/08
Japan will release the All Industries Activity Index Monthlies.

Yeah, it is going to be a quiet one for sure, but maybe you should take this opportunity and take a look at a new site we have just unveiled. Well, ok, not really that new, but it is a cool site that I revamped and reincarnated as a blog site.

ILiveInSuccess.com is the site, and we will have alot of non-forex things, from weight loss, to the semi-soon-to-be-famous Ferraris of the week, and product reviews to make life more fun and productive, not to mention more predictive sales incomes???

Good morning and welcome to another day of trading! Overnight, we seen Crude Oil take a small hike to a tad over $130 per barrel. Does this signify that this sellout of the Crude was only a profit taking session born on notice of the US relieving drilling bans, or is this just a slight buying session by scalp traders with large contracts? The session should test our theories and show us the true direction by the end of the US market.

So let’s go over the asian market shall we? It was only a few major news report through the session…

In Australia, The Import Price Index Quarterly failed to impress at 1.4%, under the consensus of 2.1%

The meeting of the Bank of Japan’s Monetary Policy Meeting Minutes resembles a similar tune to many monetary committees throughout the globe: Slowing economy, slowing consumption, Rising Energy Prices, and Inflation Fears. Another mention about the situation is, that Bonds have felt the pessimism and dropped along with the optimism. BOJ governor Masaaki Shirakawa has repeated the tone and warned about inflation and slowing growth on the Economy.

Ok, Time for the news in the European Market Session:

We are looking around 600 GMT for Germany’s Producer Price Index Monthlies.

Around  800 GMT a trio of English reports will come out. First we will hear Monetary Policy Committee Member Sir Johnathan Gieve. then at 830 GMT, we will hear both the M4 Money Supply and Public Sector Net Borrowing, a fairly light impact news item.

To cap off the European Market News, The Eurozone-13 will release their numbers for Trade Balance!

See you for the US Market Open. There will only be two items on the news, and it’s O Canada on this one!

TRADE ON!!!

Thomas Howell

GoForexTrade.com

Wow! What an amazing US session we had! Oil is just dropping faster than the pounds on “The Biggest Loser!” Crude Oil on the New York Mercantile EXchange has dropped down to $129.29. Keep drilling offshore and if we see prices go down to 30-40 a Barrel, I have a reason to buy a Hummer H2 in Gunmetal Grey! (Actually, I would much rather prefer a BMW X6 50i, the Hummer H2 was for effect only.)

So, how did the US Market do? Let’s roll out the numbers for you right here!!!
Building Permits are UP! 1.09 Million over .96 Million
Housing Starts are UP! 1.07 Million over .96 Million
Unemployment Claims DOWN! 366K instead of 380K!
Natural Gas Storage Cubes UP! a STAGGERING 104 Billion Cubes instead of 88 Billion on consensus. Now THAT’s what I call AWESOME! now Natural Gas will fall in price!!!

Of course we have some negative news as well. The Cheesesteak (Philadelphia Fed Manufacturing Index drops 16.3)

Tighter mortgage rules and looking further into mortgage broker compensation were the subject matter with Randy Krosner a Governor from the Federal Reserve.

Let’s not forget Canada…
Bank of Canada Mark Carney has stated in his latest podium piece, that the economy seems robust, and that Canada is doing very well with monetary policy. In the report, it is noted that Canada’s Inflation will peak due to soaring energy prices in 2009. Hopefully soaring energy prices not for long though! Start Drilling offshore NOW! heh

So what is going on for tonight?
Japan has a couple reports for today’s session. Masaaki Shirakawa will be speaking in several hours at Tokyo’s Research Institute of Japan. Look for any clues for monetary policy and also keep in mind that the BOJ’s Monetary Policy Minutes for this month’s meeting will be due out several hours before Shirakawa’s speech.

Australia will release their quarterly Import Price Index in a couple of hours.

TRADE ON! See you at the european market session!

Thomas Howell
GoForexTrade.com

Good morning and welcome to another market session in the US! Are you ready for another action packed, news filled trading session?

The European session brought a couple of numbers this morning. Switzerland’s ZEW Expectations have actually slumped a bit past consensus at -76.9 and the Italian Trade Balance has well outshone itself with having a trade deficit of only .06 Billion! Wow! Pasta, Cured Meats, Wine, Ferraris and other good delicacies are doing well for them I see!

So what is in store for the US Market Session for today?

First stop, is Canada with Foreign Securities Purchases. Later on in the morning, Canada will release some notes from the Bank of Canada’s stance on Monetary Policy and even BOC Governor Mark Carney will even have a few words!

Ok, now back in the US, and we will have a couple of housing related heavy hitters this morning. Building Permits and Housing Starts start the morning, then we will have a number on unemployment claims.

We will have some words from Federal Open Market Committee Member Randall Krosner, most likely regarding monetary policy and opinion on interest rates.

1400 GMT will welcome the cheesesteak index (Sorry, I couldn’t help it, it was the philadelphia thing again!!!) The Philadelphia Fed Manufacturing Index will be released. 30 minutes later, look for the Natural Gas Storage numbers, and look for the magic number of 88 Billion Cubes (Cubic Feet, as in Natural Gas Measurement.)

That is what is going on with the US Market Today! we have a ton of news here, and I hope you get some serious pips along the way!!!

TRADE ON!

Thomas Howell

Goforextrade.com

P.S. And if you are struggling to get those pips, maybe you would be interested in an automated trading system such as the forex funnel. The Forex Funnel has been proven to bring in at least 6 figures a year while you just look and stare at the screen. Check out the Forex Funnel at ForexFunnel.Info

Good morning and welcome to another trading day! Rejoicing after the sharp decline of Crude Oil? is the big oil suppliers shaking in their boots? Is the overall world economy going to improve! What to do! What to do!

Let’s cover some news from the Asian News Session and some from the US one as well!

United States:
Crude Oil Watch: $134.90 a Barrel on the Electronically trading New York Mercantile Exchange!
National Home Builders Association’s housing Market Index has decreased from 18 to 16.

The Federal Open Market Committee Minutes were primarily composed about all things interest rates. A few members of the FOMC are in full support of increasing interest rates, to stem off inflation worries. Also in the report, was their expectation of inflation reaching a moderation point sometime next year.

This morning, in the European Market Session, we are looking at only a couple reports and a very busy day in the US market. around 800 GMT, we will have numbers from Italy pertaining to Trade Balance, and Switzerland will have ZEW (way too long to pronounce, lol!) Expectations at 900 GMT.

I have at least ten releases to talk about in the US Market session later on today.

Have a good one and TRADE ON!!!

Also do not forget that we have a newsletter list now! ! !

Good morning! Making any serious pips on Bernanke’s Comments, or any of the other bastions of Forex News on the dollar today?

Let’s cover the european session and then we will discuss the US markets.

Today we had Consumer Price Index numbers read from Germany, France and the EU. Germany’s Final CPI was at .3%, France’s CPI was at .4%, and Europes Core Commodities CPI was 1.8% while the regular CPI was at 4%, all increases.

Switzerland had nearly doubled their expectation on their Retail sales outlook on a gain of 7.4% from this time last year! Wow! Only if the US could pull such a feat!

England also had their jobs report come out as well this morning. The Claimant Count Change, is basically unemployment claims, and they had increased 15,500 claims, over 10K on consensus. The average earning index did not disappoint at 3.8% as well as the unemployment rate did go down a bit at 5.2% compared to the previous 5.3%.

So what is happening in the US Session?
A LOT! Canada starts off the bell with Manufacturing Shipments, which came in 2.7%, up from 2.1% on last month.

The US market has a ton of news to get through, about 9 major events. The US also released their Consumer Price Index today. The core Commodities CPI increased at .3% while the regular CPI was up at 1.1%

One of the big newsies today, the Treasury International Capital Net Long Term Securities had barely reached it’s mark today. At a consensus bet of 70 billion, the index only reached 67 Billion, from a previous month’s estimate of 111.9 billion. This index accounts for those who have made securities investments that mature in excess of a year or more.

Us Industrial Production is at .5% and the Capacity Utilization Rate is 79.9%. The Capacity Utilization Rate is based on the percentage of production that is averaged out by the production capabilities of utility companies, metal mines, and manufacturers.

Then here comes the sweet! Sweet Crude Oil inventories UP! Three Million Barrels. Add that to an news equation with the US looking to drill offshore, and my friend, the oil bubble will burst!!! Sweet Crude at time of writing is now around $134. SUV owners once again rejoice!!!

reports yet to watch out for:
The National Asociation of Homebuilders will have an index around 1700 GMT, and at 1800 GMT, the FOMC Meeting Minutes will be shared.

Podium Pieces:
We are still waiting for Englands’ Monetary Policy Committee member Spencer Dale speak, but we do have some wordage from Ben Bernanke. Ben made a few words on the nature of the US’s two government backed mortgage giants Freddie Mac and Fannie Mae. Ben states that these companies are not on the brink nor any danger of failing, as they are holding their water, but they are having a difficult circumstance raising any further funds. Both firms hold and guarantee more than five Trillion dollars of notes.

Wow! Can I have some of that! just kidding!

Have a great afternoon and TRADE ON!!!

Thomas Howell
GoForexTrade.com

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Good morning and welcome to another great trading session in the European Market. Today is a guarantee for some hardcore business on the money side of things.

In the asian trading session, Japan released their tertiary industry activity index monthlies, and reported a decline of -.2%.

Australia had a pair of reports that came out, First being Westpac Melbourne’s Leading Index, which released a flat 0.0%. Then Glenn Stevens from the Australian Reserve Bank had commented on the possibility of keeping inflation at a low, despite slower growth and a high interest rate.

For the European Market, a busy one indeed, not as busy as the US Market, but it will have some heavy hitters today!

Europe’s Events:
600 GMT:
Germany will release it’s Final Consumer Price Index Monthlies, and 45 minutes later we will see France release their Consumer Price Index Monthlies.

1715 GMT:
Switzerland will put previous years comparisons in Retail Sales up to public…

1830 GMT:
England will have a trio of events going on, starting with a Claimant count Change, with a magic number of 10K. Also look for an Average Earnings Index and Unemployment Rate. Think of this as the “Jobs Report” For England.

Then at 1900 GMT, we will see europe with two more major news reports: The Annual Consumer Price Index and the Core Commodities Annual Consumer Price Index…

Have a great trading session! The US Market will be responsible for 11 news events, including a few very heavy hitting issues! see you then!!!

TRADE ON!!!
Thomas Howell
GoForexTrade.com