Europe Market Open 7/1/08 GoForexTrade.com
June 30, 2008 by Thomas Howell /

Good morning, and welcome to a new day of trading forex!!!

Reviewing last night’s asian market, we have a few news events to cap off…
Australia’s Manufacturing PMI has fallen 4.2 points from 51.2 to 47.0.

Japan’s Tankan Index for Manufacturer’s and Services did excellent! The Manufacturer’s had scored 5 over 3 on forecast, and the Services Index did 10 over 8. The sweet of course identifies the sour with Average Cash Earnings only improving .2%, way under expectations of .7%

We are still waiting for the Cash Rate, and a Rate Statement from the Reserve Bank of Australia if the rate does change. We will cover this later on.

Let’s cover the wonderfully busy day that the euro will have…
Right out of the gate we are going to have in the Eurozone, German Retail Sales, and England will have a number on Nationwide House Price Monthlies.

Switzerland will then have the SVME Purchasing Manager’s index. Look for a number over 50.

Europe will then shortly thereafter release Germany’s Unemployment Changes (Look for -15) and Manufacturing PMI (Look for 49.1).

Then England is up to the stage with their Manufacturing PMI. Finally, to cap off the news, Europe will release their E-13 unemployment statistics later on.

Have a great one, and TRADE ON!!!


Filed under: Asian Wrap Cap/ European Open News by Thomas Howell


One Response to “Europe Market Open 7/1/08 GoForexTrade.com”

  1. Ronny Rabe says:
    July 24, 2008 at 5:53 pm

    Please keep these excellent posts coming.

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