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Folks, sorry about the non-post for this morning. I will recap everything from the European market and what has happened so far in the North American Market.

EUROPE RECAP:
Services PMI:
Services were dead on for the Eurozone, but the England Services PMI fell short of touching expectation. Over the last day, the Pound has been getting the stuff kicked out of it by the greenback.

Retail Monthlies:
Europe fell short of their forecast for monthly retail sales, but this news didn’t pull a Bernanke and throw them a couple cents to the red. Just a few pulls and pushes from other world currencies. The dollar is entangled in a sideways fistfight to get their lose value back.

England did 1.8% on the BRC index, and handing a couple of pences to the dollar.

HOW is the USA doing? Seems like things are somewhat turning around!
Challenger Job cuts went up 45.6 from 27.4 over the last year, but what the heck! Who cares when the Sweet Oil we use to power up things such as CSX freight Trains with blaring horns that bother you at 2 am and the gunmetal gray Hummer H1 that takes 5 gallons to the mile just dropped a few more dollars a barrel! Crude oil inventories fell by 4.8 million barrels, but what do you know! Everybody is now driving them fancy hybrids, so who is going to need all of that oil!

The Sweet stuff went down to $122.15 a Barrel for July Delivery.

So, for everything else, for once in a freaking while, The US seems to have all around good news.
The Services sector index, Private Sector Jobs, Overall productivity are all in positive standing. This is a rarity when the US market can have a day without an ‘Oh Shit’ moment.

In about the neighborhood of 2 hours from the time of writing, good ol’ Uncle Ben Bernanke is going to have one of his podium chats again, and this time, Let’s hope it repeats the positive effect of yesterday’s trading.

YOUR Combined Market Cap! TRADE ON!

Thomas Howell
www.GoForexTrade.com