Good evening Americans, Good morning my fellow traders in Asia. And for the europeans,, you are probably fast asleep with alarms set for the Euro/British market!

Well, To follow the US wrap cap today is like following the “Good News ” section of the newspaper, that is, if there was a good news section.

Services, Private Sector and Productivity was a beaming ray of happiness along with an under supply of Oil demand, making for a decent trade day. While the Dollar holds strong on the EURO’s attempt to advance, it surely is kicking the value out of the Pound.

Ok, so what did Bernanke Say?
Good Ol’ USA Fed King Ben Bernanke stated (at a freaking Harvard Commencement Speech of all places,) that we will never see inflation as bad as we experienced in the 70’s. Well, first of all, I have never experienced that, since I was born in 1980. Honestly, For those who have experience price gouging at all levels, and have lived through the 70’s, he feels for you! lol!

OIL:
Oil has slimmed down a tad more from my last report a few hours ago. It is now valued at $122.12.

So, How is the Asian Market Looking TONIGHT!
Tonight folks, we have a few news events on the on deck here, but New Zealand is not waiting or anybody. Right out of the Asian trading gate, New Zealand’s Reserve Bank, the RBZ will put out their Monetary Policy. Kinda like what Ben Bernanke does for the US, but for New Zealand! Then, not in the same breath, but the same meeting I am absolutely sure they will spew a number for interest rates as well.

Australia: What’s on the plate mate?
Well, Down under is serving up the Trade Balance Numbers. This is a comparison of goods coming into the country versus goods coming out of the country. Look for a deficit of 1.7 Billion.

Other than that, it will be a quiet night, unless someone decides to pull some stupid crap. Who knows what multi-billion dollar bankers have up their sleeve!

Have an awesome trading night. I am going to get some sleep, to get ready for the European Market.
TRADE ON!

Tom Howell
www.GoForexTrade.com

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Folks, sorry about the non-post for this morning. I will recap everything from the European market and what has happened so far in the North American Market.

EUROPE RECAP:
Services PMI:
Services were dead on for the Eurozone, but the England Services PMI fell short of touching expectation. Over the last day, the Pound has been getting the stuff kicked out of it by the greenback.

Retail Monthlies:
Europe fell short of their forecast for monthly retail sales, but this news didn’t pull a Bernanke and throw them a couple cents to the red. Just a few pulls and pushes from other world currencies. The dollar is entangled in a sideways fistfight to get their lose value back.

England did 1.8% on the BRC index, and handing a couple of pences to the dollar.

HOW is the USA doing? Seems like things are somewhat turning around!
Challenger Job cuts went up 45.6 from 27.4 over the last year, but what the heck! Who cares when the Sweet Oil we use to power up things such as CSX freight Trains with blaring horns that bother you at 2 am and the gunmetal gray Hummer H1 that takes 5 gallons to the mile just dropped a few more dollars a barrel! Crude oil inventories fell by 4.8 million barrels, but what do you know! Everybody is now driving them fancy hybrids, so who is going to need all of that oil!

The Sweet stuff went down to $122.15 a Barrel for July Delivery.

So, for everything else, for once in a freaking while, The US seems to have all around good news.
The Services sector index, Private Sector Jobs, Overall productivity are all in positive standing. This is a rarity when the US market can have a day without an ‘Oh Shit’ moment.

In about the neighborhood of 2 hours from the time of writing, good ol’ Uncle Ben Bernanke is going to have one of his podium chats again, and this time, Let’s hope it repeats the positive effect of yesterday’s trading.

YOUR Combined Market Cap! TRADE ON!

Thomas Howell
www.GoForexTrade.com

Follow GoForexTrade.com On Twitter!

Good Morning my Fellow Europeans! Did ya sleep well?

Before we get into the wonderful world of all things trading in europe, let’s Wrap Cap the asian session, shall we?

Right at the end of yesterday’s US market, the numbers for US automaker sales came out. The numbers were just a shave off of expectation, but not hawkish considering GM is closing 4 plants and talking about cutting the Hummers Loose. Oh heck, the BMW X6 looks better IMHO anyway.

Grab Your Late Night Tea Lad!
England decided to do the late night thing and put out their Consumer Confidence Index. Actually they didn’t do bad at all! Above expectation and dandy, but when it came to the US Dollar, the Pound got pounded a bit and now is resting around 1.9580.

Australia is not doing half bad, maybe not bad at all!
The numbers for GDP and Services PMI were nice. Matter in fact it kept the Aussie Dollar out of trouble, and keep the momentum on gaining on the Euro.

And lest we not forget the Kiwi’s!
New Zealand of course as mentioned earlier had there ANZ numbers, which was 1% to the good despite fears that Alan Bollard’s uptight refusal to cut rates might land them into recessionville. Not good!

Today is going to be another wonderful day in the world of currency trading! Keep that smile!!! it works every freaking time!!!

SO what is going on today? Find out HERE!
Well in Europe Today, we have ECB President Trichet speaking as usual. Both England and Europe have their Services PMI numbers due out today, expect the England numbers to be a heavy hitter. Expect also retail sales numbers to come out as well, with Europe doing their monthlies and England doing the annual BRC quotas.

The Folks from the Organization for Economic Cooperation and Development will squak a bit about how what their honest opinion is on the World Market in a few hours time.

In the Good ol’ US of A, we happen to have one that will have the Annual Challenger Job Cuts sneak a number or two before our North America pre-market report. Shortly thereafter, but just falling in the next report (oh heck, I’ll say it anyway, lol) is the ADP Non Farm Employment Changes. This should have a nice pre-market kick in either direction today.

Ok Folks, There is your EURO/England pre-market! Enjoy and…..
TRADE ON!

www.GoForexTrade.com

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