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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