Good Afternoon American Traders!!! And good morning to my fellow asian traders as well!

So how did your trading day work for you?

This afternoon, The Treasury’s Henry Paulson spoke about what has improved in the economy and what are still a looming concern. Paulson said despite how well the housing correction and stimulus package has done for the economy, we still have issues with energy prices,and other commodities.

Then Donald Kohn had his chance to speak. Kohn discussed the vast improvement of the capital positions of primary dealers, in the current US economic crisis.

Then across the short pond, England’s Monetary Policy Committe Deputy Governor Sir John Gieve had spoken at the North East Chamber of Commerce Dinner, in Durham. Gieve spoke about how the recent activity in the English economy has been the most challenging economy that the MPC has ever faced.

The asian market tonight will be two news releases, and nothing as insane as the last couple of days in the US and European Markets.

First, we have a Visitor Arrivals number from New Zealand. It is interesting why tourism plays a huge role in Auckland, but from what I have read, 10% of the GDP and 10% of the employment is Tourism based! Now that is pretty high! Only if we could get the tourism numbers that high in the US! lol!!!

Late night Poutine and Molson Lager award goes to Bank of Canada Governor Mark Carney, He is due to deliver a speech on Commodities and Monetary Policies at Haskayne Business School in Calgary.

Have a good evening and see you at the euro open!
TRADE ON!

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Good morning folks, how is the trading this fine morning?

Let’s get right down to the trading news.

But first, let’s cover what has happened from the US and European Markets so far….
EUROPE!
Switzerland: The land of Helvetica had quite a few news numbers that came out earlier today…
Trade Balance is looking very good, with an increase of 1.87 Billion Swiss Francs. Good Stuff!
Also they decided to keep the Libor rate at 2.75%, and Jean Pierre Roth discussed earlier today that the economy is going to see a slight downturn in 2009, and opines about a possible rate hike to offset any inflation worries.

England: Two to the good and one to the bad here today. Retail Sales increase dramatically at 3.5% and Public Sector Net Borrowing shot up 2 Billion over expectation, which the number was 11 Billion over 9 Billion. The only pessimistic thing we have here for poundage, was the M4 Money supply, which just feel a teenzy weenzy smidgen of a percent of a point off!

E-13 (That is the Eurozone!)
Italian Unemployment Rate: 6.5%! fell from 6.2% where there was possible speculation that the rate could of dropped to 6% but went the other way another .3%.

Oh Canada!
Canada came out with their Consumer Price Index Numbers today, the Core CPI remained unchanged, while the CPI came out .4% higher than the previous month. Wholesale Sales doubled from previous months to increase at 1.4%! That is just amazing! What bad economy is going on? Oh, wait a minute, this isn’t the United States Report, duh!

United States!
So what do we have here! Unemployment claims had declined a bit from previous statments, but fell under expectations that we were going to have even less claims! Ok, euro, time to pull out the currency steamrollers!

Grosser and the Cheesesteak and soft pretzel Squadron at Philadelphia’s Division of the Fed Cited a negative 17.1 on the Manufacturing Index. More Cheesesteaks NOW! j/k

Two other numbers to report for right now: We have an increase of 0.1% on the Leading Index Monthlies, and Natural Gas Storage fell under the 61 Billion Cubes expectation with 57 Billion Cubes.

After lunch we should hear some words of sage advice from Treasury Secretary Paulson, and then we will have FOMC’s Kohn a couple hours after that.

Also for the post market in England, Sir John Gieve will talk about the Monetary Policy situation.

TRADE ON!

Thomas Howell
www.GoForexTrade.com

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Good morning my fellow europeans! How is everything so far? Ready for another fun day of trading? Looks like we have PLENTY of news events on our plate today. So get yourself a tea and a biscuit and let’s get to some serious trading, shall we?

First, let’s point out the news from the previous Asian Market…
in Japan, the monthly All Industries Activity Index has improved to the key of 0.8%, over the 0.3% expectation. We are still anticipating some words from the Bank of Japan governor Masaaki Shirakawa.

NOW the European Session:
SWITZERLAND(CHF)
Right off of the bat here, we have a Trade Balance number coming from Zurich (CHF). I will go into detail in the US market open a few hours from now.

A bit later on, Switzerland will also see numbers from the Libor Rate. Assessments on the Monetary Policy, and a Press Conference from the Swiss National Bank will shortly follow thereafter.

EUROPE(EUR)
Look for Italian Unemployment Numbers. the magic number is 6.0%

ENGLAND(GBP)
England has a few things on the forex news plate this morning, starting with Monthly Retail Sales numbers, then a number on Monthly M4 Money Supplies and Public Sector Net Borrowing. Later after Market Close, we will have Monetary Policy Committee Sir John Gieve speak about the obvious.

Folks, it will be a busy day, no matter which side of the Atlantic you are on. A busy European Market Session, and a Busy American Market Session, with Leading Indices, Unemployment here and there, Wholesale Sales, Natural Gas Stores, ETC. Stay tuned to the one, the only GOFOREXTRADE.COM!

TRADE ON!!
Thomas Howell
editor
GoForexTrade.com

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