Sorry about not posting this morning. I am still getting used to the schedule for blogging 4+ articles a day and I will have it down and pat within a couple of days.

I will give you a quick rundown on today’s market activity.

European Market Wrap Cap:

Manufacturing Indices:
Everybody for some reason has read their numbers in manufacturing today. Europe was right on the ball, while England was just short under the target.

The Mortgage Market has definitely taken a slide:
Now there is a super obvious indication that the world credit markets have taken a plunge. We are seeing a sharp decline in mortgage approvals(58,000) and non mortgage loans(7.3Billion compared to 7.8Billion previously).

The Manufacturing indices from the US have came back in well positive form, but despite this the Euro has taken a sharp upturn, and is looking to make a recovery. Construction spending has gone down .2% over the last month.

And that is your market wrap cap. Be back at 4 to cover Asia.

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Thomas Howell
www.goforextrade.com

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