This afternoon, we have gotten word from BOE Governor Mervyn King that Britons will lose some purchasing power and have a very, very rough year ahead, as having that disposable income is going to slowly dissapear.
So what is in store for tonight?
First, we are looking at Japan’s All Industries Index Monthlies will be read (look for magic number .3%)
Then the reserve Bank of Australia will release a Statement shortly thereafter.
TRADE ON! See you at the euro open!
Good afternoon!
Got only two things to mention for the afternoon report… So I will keep this one short and sweet.
Crude Oil Inventories…
It looks like everybody is using less oil in the US. We had only a decline of 1.2 million barrels, instead of a decline of 2 million barrels. Unfortunately, Oil is not picking up the message and dropping as much. The New York Mercantile Index is actually fluctuating up and down. Light Sweet Crude is at 135.61…
Then we have a speech from BOE Governor Mervyn King that will take place around a half an hour from now. I will cover the details on the Asian Market Report in a few hours from now!
TRADE ON!
Thomas Howell
Editor
GoForexTrade.com
Good morning my trading Americans! How did ya sleep? Sleep well? No?
Today is not really a busy news day, but let’s recap everything we have seen in the European Markets so far.
England’s Monetary Policy Committee’s Meeting Minutes showed that the committee voted 8-1 to hold the rates that their current number. Also, the Confederation of British Industries Monthly Industrial Indicators gets a 1%.
Switzerlands’ Credit Suisse/ZEW June economic indices drops to minus 63.8.
US Market News…
Canada has just releasted the Leading Indicator monthlies, and it remains right on expectation at .2% over previous levels of 0.0%!
In about an hour, we will get Crude Oil Inventories, and the magic number is -1.5 Million barrels. SUV and Tank owners cross your fingers!
and after the US lunchtime, Bank of England Governor Mervyn King will have a podium piece! Let’s see what the King is up to today!
There is your news for the US market open. I will be reporting the midday a bit later for today, between 1300-1400 -4GMT. the Asian Market Open will be at the regular time of course!
TRADE ON!
Thomas Howell
Editor
www.GoForexTrade.com
Good morning traders! Ready to get some pips moving in the right direction? I know I am all for a great trade or two. Let’s break down some news.
First, recapping the asian market, a brief report…
So, the Bank of Japan (BOJ) released the minutes to their latest thoughts on Monetary Policy. Due to a stir crazy market on currencies and commodities, it has tied the hands of japanese economy, and really cannot give a clear signal to go either way in the rates for the BOJ.
In Australia, the Westpac Melbourne Insttitute released their monthly leading index to a number of .4%.
For the european news end of things today, nothing is going to be reported until at least a couple of hours from now. We will be waiting for Monetary Policy Committee Meeting Minutes and a bit later on, Confederation of British Industry - Industrial Trends Orders from England. Switzerland will release their ZEW expectations.
Have an awesome day trading the euro session! See you in several hours for the US market open!
TRADE ON!
Tom Howell
GoForexTrade.com
RSS
Follow GoForexTrade.com On Twitter!
Filed under: Asian Open/North American Close News by Thomas Howell