Today, I have decided to combine the midday and the afternoon for the US market.

So… What did we miss?
Newswise, the United States had Pending Home Sales go up 6.3%, well over expectation of .5%.

So what did Trichet, and Geithner say (condensed version)?
Trichet: Do not look for a huge rate increase;
Geithner: Stated that the Bear Stearns merger was the best viable plan for the troubled company.

So You waited for Apple too I guess!
Yep, Coming from the WWDC for Apple, we are looking at a July 11 release date for the new iPhone 3G. This iPhone will not only have a faster data capability, but also a longer life battery, GPS capabilities, independent application support, AND! (drumroll please!) the price will be cut down to $199 for the 8gig model and $299 for the 16gig model.

So, what is on the for the news tonight?
Tonight, we have a couple of news items from England. The RICS House price balance, which monitors the average sale prices of housing in England, and BRC Retail Sales numbers as well.

In Japan, Core Machinery Order Monthlies are due out. At the end of their session, expect also a number on Machine Tool Orders. This is an annual index.

Uncle Ben Bernanke will have a couple of fine words to say on his podium piece tonight! Will it be anything to help the dollar in it’s recent nosedive?

Australia will see numbers from NAB’s Business Confidence Index and a report on Monthly Home Loan numbers.

Ok folks, wish you the best of luck with trading and make some money!!!
TRADE ON!

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Good morning my fellow Americans. How did ya’s sleep? Had a hell of a week to recover from, with oil and stock woes all across the board, hopefully this week will be better for you.

Japan, we forgot to mention, Had an index for Economy Watchers. This is Japan’s Index for the service sector, and has fell shy of expectation at 32.1 under 34.5.

How did Europe do so far in their session?
Looks like Germany is shipping more goods out then taking in to the amount of 18.7 Billion. Not Bad! Sentix Consumer Confidence came in at a way high number at 5.2 over the expected 3.0. In England, the PPI Input came in at 3.8%, well over the 2.6% expectation and the Output was 1.6% over .8%.

So far so good for europe, but a great deal of news will happen later on in the day, with a couple of anouncements being after the market close.

As we are writing, the numbers for Canada’s Housing Starts are coming out. This number is 221K, which is just over expectation of 220K.

Activity in the USA For Today:
The news items you need to watch out for today, is in about a couple of hours from now, you have Pending Home Sales and later today you have NY fed cheif Geithner talking as well as Bernanke, but he doesn’t appear until later tonight.

Meanwhile on the other side of the pond…
We will have Swiss National Bank Chairman Jean Pierre Roth speaking shortly, and around lunchtime in the states/later this afternoon in europe, another Jean speaks, Jean Claude Trichet from the Central European Bank.

Everybody have a good morning trading. Make some serious pips! TRADE ON!

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Good morning my fellow Europeans!!!!

How was that weekend? Have some fun! Eat an awesome full breakfast this morning with coffee and get energized to get down to some awesome forex trading. Let’s check out the news, shall we?

First, let’s see what happened over the long pond first…

Australia had an extended weekend, but Japan had a few news items to share…
Leading index falling just short of expectation at 92.8 compared to 93. But the Annual Money supply & M2 has stayed on forecast at 2%.

EUROPE NEWS!!!!
As of right now, Switzerland is doing the unemployment numbers, and as of writing, the rate remains at 2.5%, which is right on expectation. Wow, I think the US has a thing or two to learn here! lol.

Related Crosses:
USDCHF: 1.0208
GBPCHF: 2.0090
EURCHF: 1.6109

In a few minutes, we will get the German trade balance. This will signify if Germany is having a trade surplus or deficit. Shortly thereafter, Sentix will release the numbers on Investment Confidence.

Related Crosses:
EURUSD: 1.5782
EURJPY: 165.99
EURAUD: 1.6403

How is good ol’ Britain doing this fine morning!
How about a lovely spot of tea before we go on here! Thank you! And here is what’s going on with the Pound!

Well, first off, in a couple of hours we will get PPI input and PPI output numbers. This is the numbers for the purchase of raw materials that manufacturers purchase to make goods. And the latter number is for the sale of goods to the public or private sectors.

Couple more tidbits concerning europe, with a speech from Swiss National Bank Chief Roth speaking , of course Jean Claude Trichet getting his piece in a bit later, and of course England getting to stay for late night munchies and tea with RICS house price and BRC Retail Sales numbers.

More on this on our 1200GMT report for the US market open.

TRADE ON!

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