Today, I have decided to combine the midday and the afternoon for the US market.

So… What did we miss?
Newswise, the United States had Pending Home Sales go up 6.3%, well over expectation of .5%.

So what did Trichet, and Geithner say (condensed version)?
Trichet: Do not look for a huge rate increase;
Geithner: Stated that the Bear Stearns merger was the best viable plan for the troubled company.

So You waited for Apple too I guess!
Yep, Coming from the WWDC for Apple, we are looking at a July 11 release date for the new iPhone 3G. This iPhone will not only have a faster data capability, but also a longer life battery, GPS capabilities, independent application support, AND! (drumroll please!) the price will be cut down to $199 for the 8gig model and $299 for the 16gig model.

So, what is on the for the news tonight?
Tonight, we have a couple of news items from England. The RICS House price balance, which monitors the average sale prices of housing in England, and BRC Retail Sales numbers as well.

In Japan, Core Machinery Order Monthlies are due out. At the end of their session, expect also a number on Machine Tool Orders. This is an annual index.

Uncle Ben Bernanke will have a couple of fine words to say on his podium piece tonight! Will it be anything to help the dollar in it’s recent nosedive?

Australia will see numbers from NAB’s Business Confidence Index and a report on Monthly Home Loan numbers.

Ok folks, wish you the best of luck with trading and make some money!!!
TRADE ON!

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