Asian Market Open: 6/24/08 GoForexTrade.com | Go Forex Trade

Asian Market Open: 6/24/08 GoForexTrade.com
June 23, 2008 by Thomas Howell /

Amazing!

Tonight in the asian Forex Market, there are no major news reports to talk about! This market open will not go untyped though! Let’s talk about today’s market first and then a major announcement!

The Euro’s Brutal Beating - With just about all the PMI’s except Germany’s Service PMI shit-tanking, and both of Germany’s Ifo numbers looking as bad. Don’t fear, the 150 pip dive has somewhat recovered. you could thank the US market’s sensitivity to Oil for that one!

Oil - Despite Saudi Arabia’s growing defiance against OPEC’s position in not increasing oil production levels, the sweet, SUV sucking commodity took an upswing to the tune of $137 a barrel!

Ok, enough of the depress reality that we swallow and make pips with! Let’s talk about a major announcement.

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