Good morning fellow traders on the other side of the Long Pond!

Let’s cover a couple of things that happened in the Us market this afternoon.

We finally got the numbers for the National Association of Home Builders, and it sadly fell a point below expectation.

Let’s get a couple of majors numbers and a read on sweet crude shall we?

Light Sweet Crude: This one hurts, as we see prices increase to near $140. Ouch! Still thinking about driving that SUV?
EURUSD 1.5467
USDJPY 1.0822
GBPUSD 1.9631
USDCAD 1.0242
AUDUSD 0.9403
USDCHF 1.0451

So, what is the deal with the asian market for this evening?
JAPAN: Tertiary Industry Activity Index monthlies are coming out, and look for .5% to be the magic number here.

AUSTRALIA: Reserve Bank of Australia promises to have some awesome minutes. Hmm, Monetary Policy eh?

And otherwise it will be quiet, and besides any bankers playing with the market, you will be able to hear a pin drop on the news end of things.

Have an awesome night and TRADE ON!

Thomas Howell
www.GoForexTrade.com

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Good afternoon! How has trading been for you so far?

Let me throw down a quick lunchtime report for ya!

Canada’s New Motor Vehicle Sales have declined 2.6% from previous months which is a trend of decline for it’s third month. The principal cause is theorized at lower sales in the western provinces of Canada.

USA NEWS:
The Empire State Business Conditions Index has came in more negative then expectation. At -8.7, The index has been in a negative trend for a fifth straight month.

TIC Net Long Term Transactions have taken a nice boost well over the $63 Billion expectation to $115.1 Billion.

We are still waiting for the National Association of Homebuilders numbers which are due in about 30 minutes.

So, what did Uncle Ben say about Health Care?
Oh yeah! Fed King Ben Bernanke had a podium piece in congress today sqwaking about the price of health care and how it is going to rise exponentially over the short term. While on the lectern, Uncle Ben did not make a mention of Monetary Policy or our worsening Economy.

See ya this afternoon!

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Good morning my fellow American Traders! And to those trading in the europe session, how are ya doing? Getting some hardcore pips over there?

So, for those fellow European traders… How did your trading day do so far?

Well, over in the land of Helvetica, (Switzerland for the geographically challenged), Current/Previous year sales fell a staggered 9.4%. Is anybody buying Watches and swiss army knives still? Cmon! Buy some up and help Switzerland with their retail! lolZ (check out them swiss army usb drives, they are cool!)

We also had Core and Regular Consumer Price Index reading from the Eurozone. Core CPI rose 1.7%, and CPI rose 3.7%. Nice!

So what is going on stateside today for the Americans?
Well, over to Canada first, the US’s “hat”, we will be shortly getting numbers for New Motor Vehicle Sales. This is a monthly indice.

Back to the US, we have a few news items…
First, we have the Empire State Business Conditions Index. This measures the general business conditions of manufacturers in New York State, the empire state! Why does this have a great deal of heavy bearing. Well, New York City is in the state of New York (duh!) and New York City handles a great share of US and international business (double duh!)

Then we will get a number on Net Long Term Transactions. Think about holding a stock, bond, or other security over a year, that sums it up there!

Also, we are getting a podium piece from Fed King Ben Bernanke as well. This time, the venue will be in congress, and the theme will be centered around health care issues.

Then after lunch, look for the National Association of Home Builders releasing their Housing Market Index. This one will promise to be a nail biter folks!!!

See you at lunchtime!

TRADE ON!
Thomas Howelll
editor
GoForexTrade.com

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Good morning! How is everybody doing this fine morning! Waking up to some tea and scones, or some sausage and coffee, or whatever your traditional breakfast is (Mine is caffeine with a side of caffeine.)

The only things we had going on in the previous session in Asia, was the Manufacturing Sales Quarterlies in New Zealand. The NZD takes a nice boost from hearing a positive 3.7% and volume being up .2%! Now that is the some news to start this week!

And the Bank of England decided to sneak one with their late night tea with a Quarterly Bulletin! They had to get the word out with how the inflation issue has racked the economy, and revise monetary policy and rate expectations.

So what is going on this morning? Not a whole heck of a lot in the news room. In a little bit, in Switzerland, we will see numbers on Annual Retail Sales.

900GMT: We will see the Eurozone’s Core Consumer Price Index, and the regular Consumer Price Index, which are current numbers compared to previous year.

That is all for now, and I will see everybody in a few hours for the US market report. There is quite a bit going on if you want another nap and want to perhaps trade the US session instead.

TRADE ON!
Tom Howell
GoForexTrade.com

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