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Good Morning my Fellow Europeans! Did ya sleep well?

Before we get into the wonderful world of all things trading in europe, let’s Wrap Cap the asian session, shall we?

Right at the end of yesterday’s US market, the numbers for US automaker sales came out. The numbers were just a shave off of expectation, but not hawkish considering GM is closing 4 plants and talking about cutting the Hummers Loose. Oh heck, the BMW X6 looks better IMHO anyway.

Grab Your Late Night Tea Lad!
England decided to do the late night thing and put out their Consumer Confidence Index. Actually they didn’t do bad at all! Above expectation and dandy, but when it came to the US Dollar, the Pound got pounded a bit and now is resting around 1.9580.

Australia is not doing half bad, maybe not bad at all!
The numbers for GDP and Services PMI were nice. Matter in fact it kept the Aussie Dollar out of trouble, and keep the momentum on gaining on the Euro.

And lest we not forget the Kiwi’s!
New Zealand of course as mentioned earlier had there ANZ numbers, which was 1% to the good despite fears that Alan Bollard’s uptight refusal to cut rates might land them into recessionville. Not good!

Today is going to be another wonderful day in the world of currency trading! Keep that smile!!! it works every freaking time!!!

SO what is going on today? Find out HERE!
Well in Europe Today, we have ECB President Trichet speaking as usual. Both England and Europe have their Services PMI numbers due out today, expect the England numbers to be a heavy hitter. Expect also retail sales numbers to come out as well, with Europe doing their monthlies and England doing the annual BRC quotas.

The Folks from the Organization for Economic Cooperation and Development will squak a bit about how what their honest opinion is on the World Market in a few hours time.

In the Good ol’ US of A, we happen to have one that will have the Annual Challenger Job Cuts sneak a number or two before our North America pre-market report. Shortly thereafter, but just falling in the next report (oh heck, I’ll say it anyway, lol) is the ADP Non Farm Employment Changes. This should have a nice pre-market kick in either direction today.

Ok Folks, There is your EURO/England pre-market! Enjoy and…..
TRADE ON!

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