Good evening to the US market, and Good morning to everybody on the other side of the big pond.

So how did the North American Market fare today?
In Canada, Building permits were up 14.5%! They got a great deal of building out there and talk about Ivey. The Ivey PMI indices have a nice positive number at 62.5 over the 58.8 expectation.

So, The United States had a nice day, despite getting a few upped by the EURO. Less folks were filing unemployment claims over last month, which means with less people on the dole(sp?), the job outlook looks a bit stronger in an optimistic anticipation of Tomorrow’s job report. Natural Gas supplies are up as well, to 105Billion Cubic feet, over the previous levels of 87Billion Cubic Feet.

Also in Us news, The Retail Sector become stronger. The Dow has also punched up 200 to end at 12.604. But I tell you, the ECB really out did the dollar after Trichet expressed his opinion on raising rates to try to curtail looming inflation. Sweet Crude, also went for the joy ride as well, increasing 4 dollars on the NY Mercantile Exchange.

Oh! I almost forgot! Our cheesesteak loving, Philadelphia pretzel eating Fed Guy Charles Plosser has stated a few words about lending and risk taking.

Ok, so we got the US/Canada News out, so let’s concentrate on the Asian session, shall we?

On Tonight’s Schedule, we have Construction Purchasing Manager Index Numbers coming in less than two hours from now.

That is all for news. Talk to you later around the Euro open!

TRADE ON!
www.GoForexTrade.com

Follow GoForexTrade.com On Twitter!

Leave a Reply