European Market Open: 6/30/08 GoForexTrade.com
June 30, 2008 by Thomas Howell /

Good morning! Ready for another great week of Forex trading? Back from vacation, a strong urge to come back and make this blog as successful as possible, and give you some news, reviews, and the like!

Let’s cover what has happened in the Asian Market so far!

Japan - Manufacturer’s Purchases have decreased slightly at 46.5. Housing Starts have taken a huge decline from same date last year numbers. A decline to the tune of -6.5% over the expectation of -3.7%.

New Zealand - Building Consents (Also Called Permits in other countries,) declined from previous numbers. Permits went down -42.3%. Business Confidence took an improvement of -38.6 from -49.7.

Australia - TD Melbourne Institute stats that inflation has increased .2% from last month, and Private Sector Credit has remained dead on target expectation.

England - Consumer Confidence was not there with their late night numbers late last night. -34 was read instead of the Forecasted -34, shadowing over the previous number of -29. Looks like nobody is buying in England…

EUROPE NEWS FOR TODAY!!!
Just a few to mention for today… Looks like everything will start in a few hours, so grab a nice breakfast to start your week and then come back for a few news reports.

England will output number for their quarterly services index, Mortgage Approvals, and Monthly Net Lending to Individuals.

Europe a bit later on will release Same year results for Consumer Price Index. This is an inflation indicator because it will note over previous year at this time, if any core fluctuations have been occuring. Italy will also release monthly preliminary CPI numbers.

Ok, there is your Europe News… Canada has their monthly GDP later on, and the US has their Chicago PMI index as well. We will talk more about them and the results of the european session in a while.

TRADE ON!




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