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Europe Market Open 7/1/08 GoForexTrade.com

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Good morning, and welcome to a new day of trading forex!!!

Reviewing last night’s asian market, we have a few news events to cap off…
Australia’s Manufacturing PMI has fallen 4.2 points from 51.2 to 47.0.

Japan’s Tankan Index for Manufacturer’s and Services did excellent! The Manufacturer’s had scored 5 over 3 on forecast, and the Services Index did 10 over 8. The sweet of course identifies the sour with Average Cash Earnings only improving .2%, way under expectations of .7%

We are still waiting for the Cash Rate, and a Rate Statement from the Reserve Bank of Australia if the rate does change. We will cover this later on.

Let’s cover the wonderfully busy day that the euro will have…
Right out of the gate we are going to have in the Eurozone, German Retail Sales, and England will have a number on Nationwide House Price Monthlies.

Switzerland will then have the SVME Purchasing Manager’s index. Look for a number over 50.

Europe will then shortly thereafter release Germany’s Unemployment Changes (Look for -15) and Manufacturing PMI (Look for 49.1).

Then England is up to the stage with their Manufacturing PMI. Finally, to cap off the news, Europe will release their E-13 unemployment statistics later on.

Have a great one, and TRADE ON!!!

Asian Market Open: 7/1/08 GoForexTrade.com

Posted by

Good morning/afternoon/evening/whatever time of day!

So, Oil is still ringing in high over $143 a barrel, and a mixed day in trading. Canadian GDP came in good, and so did the US’s Chicago PMI.

So, what is on tap with the upcoming asian market?

Australia has a few numbers coming out tonight. Shortly, we will see the Index for Purchasing Managers in the Manufacturing Sector, then later on we will get word on the Cash Rate, and Reserve Bank of Australia make a Statement if the cash rates does make a change. And right around close, we will see the annual index on commodities.

Japan will see two very important numbers from the Tankan Indexes that cover Manufacturer’s and Services. A while afterwards look for the Annual Average Cash Earnings.

See you at the Euro Open!
TRADE ON!!!

US Market Open: 6/30/08 GoForexTrade.com

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Good morning and thank you for stopping by GoForexTrade.com!

Let’s get to the news…

First, covering the european market, we noticed that England was not having such a nice day. The Services Quarterlies were right at the line, but Mortgage approvals and Net Lending for Individuals have taken a bitter decline. Mortgage Approvals declined by 10K applications, and Net Lending went down 1.6 Billion.

Both the european and Italian Consumer Price Index numbers came back to the good.

The US Market News So Far…
Canada’s GDP has done right to the tune of +.4% over an expectation of .3%

In 15 minutes from now we should be getting the Chicao Purchasing Manager’s Index numbers in. Stay tuned for the late afternoon report today. We will cover today’s activity, and report the Asian Session.

TRADE ON!!!

European Market Open: 6/30/08 GoForexTrade.com

Posted by

Good morning! Ready for another great week of Forex trading? Back from vacation, a strong urge to come back and make this blog as successful as possible, and give you some news, reviews, and the like!

Let’s cover what has happened in the Asian Market so far!

Japan - Manufacturer’s Purchases have decreased slightly at 46.5. Housing Starts have taken a huge decline from same date last year numbers. A decline to the tune of -6.5% over the expectation of -3.7%.

New Zealand - Building Consents (Also Called Permits in other countries,) declined from previous numbers. Permits went down -42.3%. Business Confidence took an improvement of -38.6 from -49.7.

Australia - TD Melbourne Institute stats that inflation has increased .2% from last month, and Private Sector Credit has remained dead on target expectation.

England - Consumer Confidence was not there with their late night numbers late last night. -34 was read instead of the Forecasted -34, shadowing over the previous number of -29. Looks like nobody is buying in England…

EUROPE NEWS FOR TODAY!!!
Just a few to mention for today… Looks like everything will start in a few hours, so grab a nice breakfast to start your week and then come back for a few news reports.

England will output number for their quarterly services index, Mortgage Approvals, and Monthly Net Lending to Individuals.

Europe a bit later on will release Same year results for Consumer Price Index. This is an inflation indicator because it will note over previous year at this time, if any core fluctuations have been occuring. Italy will also release monthly preliminary CPI numbers.

Ok, there is your Europe News… Canada has their monthly GDP later on, and the US has their Chicago PMI index as well. We will talk more about them and the results of the european session in a while.

TRADE ON!

Asian Market Open: 6/30/08 GoForexTrade.com

Posted by

Good evening!

Back from an interesting last few days, and a weekend camping trip with family, I am ready to give the news thing a serious go once again!

How was your weekend? Did you take a rest at all or did you spend time with friends and family? Most importantly, did you have fun?

Well, let’s get to some forex business…

of course by week’s end the dollar really took a serious nose dive, sending the euro well over 1.57, and with the yen, well below 106. Oil had also hit a new record level at $143, just $7 shy of Ole Slorer’s $150 prediction for the 4th of july weekend.

NEWS FOR TODAY’S SESSION:
New Zealand has numbers from Monthly Building Consents (Permits), and Business Confidence.

Great Britain is doing the late night thing once again with their Consumer Confidence number. Look for -31 as the magic number.

In Japan, we will see numbers from Purchasing Managers in Manufacturing.

Australia also has a couple of news events as well. TD Melbourne Institute will have their numbers for Inflation, and we will get a number on Private Sector Credit.

Folks, it is great to be back after a crazy last few days. Again I am sorry for not posting!

TRADE ON!!!!
Tom Howell
editor
www.goforextrade.com

Will resume market caps as of Sunday Night/Monday Morning’s Australia Market Open!

Posted by

Folks,

Due to the insane last couple of days of workload outside of forex, and meetings, etc, I have not had a luxury of posting the market caps.

I apologize for those who have been faithfully visiting my site for news on a daily basis. I know you have not seen any new material in a few days, and wondering what is going on…

We will be back on next week. I am taking the weekend off, so this week we will not have a Trader Tech Segment, which will resume next weekend.

Again,
Thank you for visiting goforextrade.com. We are NOTHING but a lump of code with words without your patronage and support!

Tom Howell
GoForexTrade.com

Europe Market Open: 6/25/08 GoForexTrade.com

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Good morning! How did you sleep?

Looks like Japan had some news from the Asian Market. CSPI was up .1% from a year ago. The really good thing for Japan, was the Trade balance, which was reported well over expectation at .64 Trillion!!!

OIL: Crude stayed around $137 for the Asian Market.

So, what is in store with the European Market this morning???

A few things are going on actually. In Italy, look for numbers in Monthly Retail Sales. The magic number for retail sales is .3%. A couple hours from now, ECB President Jean Claude Trichet will be speaking (actually testify) at the quarterly hearing before the Committee of Economic and Monetary Affairs of the European Parliament, in Bruxelles (Brussels for the geographically challenged.) Try to sniff for some news on monetary policy and interest rates.

Europe will also release numbers for Monthly Industrial Orders. They are expecting a .5% decline in the reporting numbers.

Then over in England, The Confederation of British Industry will have the Distributive Trades Realized measurement, which will ask retail corporate executives their opinion and forecast in the retail sector. This is a heavy hitter for GDP, and consumer spending.

See you later on! TRADE ON!

Asian Market Open: 6/25/08 GoForexTrade.com

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Good morning, afternoon, evening, and night!

After a small rally in the US stock market, it decided to go back into the red. The drop in consumer confidence took it claws and dragged all of the us indexes down a bit. It owned the Dow to a sum of -34.93 to 11,807.

Crude Oil, the stuff that powers everything, and makes plastic bags for convenience stores, has elevated to $137.10.

The only two new news events that are going on at the Asian Session, are from Japan. We are going to see their Trade Balance numbers, and Corporate Services Price Index. The CSPI will actually cover any fluctuations in the price of services purchased by corporations.

See you at the European Session! TRADE ON!!!

US Midday Report: 6/24/08 GoForexTrade.com

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Wow! The dollar has had it’s day the barrel. A day after the Euro got the crap beaten out of it, the US takes it turn getting punched with bad news!

German Consumer Confidence Took a bad turn, rating at 3.9, not reaching the 4.6 expectation. The British and Swiss had their consumer numbers slightly decline as well. The effects of a slowed economy is being felt, even in europe!!!

On the flipside, the French Consumer Spending has increased 2%! The Land of DeGaulle, Stereolab, Damn good wine, and even better food, has done awesome!

US News: Let the ass handing begin!
Home prices didn’t decline as bad as they thought it would. But did that stop the euro from taking back yesterday and sunday? Um NO!

Consumer Confidence, House Price Index, and Richmond’s Fed Index had taken a not so surprisingly apparent beating, sending the euro back to it’s happy place and then some!

So. should I even talk about crude oil at this time? Heck, we will get out the numbers anyway!!!
WHOAH! It is stable at 136.72 at time of writing. And the Dow 30 is up! Seems like the stock traders were not phased from all of this bad news…

Ask them stock traders to trade where the real drama, and life and death battle of currency supremacy lies, THE FOREX MARKET!!!! Start an account with Forex Meta, and qualify for an $100 bonus! Check them out here! and tell them Tom from GoForexTrade.com sent ya!

Euro Market Open: 6/24/08 GoForexTrade.com

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Good morning! Getting ready to recover from such a sourly unblissful day of the Euro being owned???

Well, hopefully today things will be a bit different. And maybe more pips your way? Even if you capitalized on the loss of the Euro, good stuff! The goal here is to make money no matter which way a currency is going!

So this morning, we have four reports.
The first one starts right at the EURO market open, which is Germany’s Consumer Confidence. Anxiously waiting to find out what direction spending has gone. Look for a magic number of 4.6.

France is not deviating that much from the sector, as they are going to look at the monthly Consumer Spending numbers. Measure all sectors where people spend money, and weigh it against previous months, and see for an increase or a decrease.

We also have in the land of Helvetica, The Consumption Indicator. Printed out by Recently under fire Swiss Bank UBS, It is like France’s Consumer Spending Numbers.

England, a bit after their market opens, we are going to get some number from the British Banker’s Association, where they will release Mortgage Approvals. I wonder how this will pan out, even with a high concern of the tightening credit markets. I do not think it will be optimistic, but you know the market works in mysterious ways, and you really do not know. That is why we speculate on risk! That is what investing is all about!!!!

Another great day to be had here! In the US market we have a few good things going on as well too! See you later on with the US Market open!

TRADE ON!!!

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