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Forex Market: July 31 2008 GoForexTrade.com

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Good morning and welcome to Thursday’s trading session. Let’s start with the news.

Japan has improved the negative outlook a couple of shades in housing starts this morning.

The european market so far has seen Switzerland’s Consumer Price Index monthlies beat the consensus, but remains in negative territory at -0.4%

England has also negative numbers for their Nationwide House Price Index, which was released at -1.7%.

Europe has quite a few things going on today for them. We are still waiting for Germany’s Unemployment change numbers, Europe’s Unemployment Rate, Consumer Price Index flash estimates, and Italy’s Preliminary Consumer Price Index.

In the US market, we have a ton of news items to cover, first we have a pair of heavy hitters in Canada and the United States, releasing their Gross Domestic Product. Then the USA takes the rest of the cake with Advance GDP price index, Employment Cost Index, Unemployment Claims, Chicago’s Business Barometer, and Natural Gas Storage.

Also look for some words from Us Treasury Secretary Henry Paulson. I wonder what he will say!

Capping the Asian Market, we have pair from Australia, first being the Manufacturing end of the Purchasing Managers Indices, and We will get inflation numbers from TDMI.

SITE NEWS!!!

For the last couple of weeks, instead of posting 3-4 posts a day, I have only done one post a day. Honestly I do not like doing a one post a day, and I think it is really killing the integrity of the site.

As of next week, we will return to doing market reports for European Markets, American Markets, and Asian Markets. We will be doing three posts a day, One before Europe’s Market Open, Another Before The US’s open, and last but definitely not least, Asia’s report before Sydney’s open!!!

Thank you again, and TRADE ON!!!

Thomas Howell
GoForexTrade.com

Forex Market July 30th 2008

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Good Morning and get ready for another wonderful trading session!

Europe’s market is a bit quiet, and Oil is shooting down fast! Maybe the SUV set would be more than happy to pump gas once again? Who knows!

With Europe’s Market, we are looking at Europe’s Consumer Confidence Levels and Switzerland’s Leading Index.

The American Market is a bit busier with a few items. First, we start with the ADP Nonfarm Employment Change. ADP is a third party payroll company that does the payroll for many large and small corporations and businesses in the USA.

Then another heavy bag for the US is crude oil inventories. If we can get through this reading, I know that we will have cheaper oil later on today for September delivery.

Canada will have numbers today around 8:30EDT for their Raw Materials Price Index and Industrial Product Price Index.

After a late night tea session announcing the GfK Consumer Confidence in England, We have a busy asian session in store.

First, Japan will put out there Manufacturing PMI. Their last number was 46. Later on we will see Average Cash Earnings as well.

Australia will release three things for later on: Look for Retail Sales Monthlies, Trade Balance, and Private Sector Credit Monthlies.

New Zealand tops the end of the Forex Day with Business Confidence Levels!!!!

Have an awesome day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

Forex Market July 29th 2008

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Good morning, and welcome to tuesday’s Forex Session! Another fine day chock full of opportunities exist for those who want to make some cold hard cash with currency trading.

Let’s start with the european market…

Europe: Germany sometime today will release the Preliminary Consumer Price Index, which is expected to be .5%. Switzerland will release a consumption indicator.

England will have a trio of events, two of them for their mortgage report. The mortgage report consists of reading last month’s mortgage approvals, and then Net Individual loan numbers. Then the CBI will release their Distributive Trades Realized statement.

In America, we will see Standard and Poors with their Housing Price Index, which covers the changes in house products in 20 metropolitan areas. Then we will see the Consumer Confidence Index.

Capping today’s news, in the Asian Market, Japan will have their Preliminary Industrial Production Monthlies, and Australia will have Monthly Building Approvals.

There is the news! TRADE ON!!!! MAKE SOME PIPS!

Tell me your success stories in trading forex! I do like to hear them! And also questions on comments as well! I had a trader ask me about Gas Prices, and I gave my two cents on the issue! Keep throwing them at me!

Have a great trading session!
Tom Howell
GoForexTrade.com

Forex Market July 28th 2008

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Hello, and welcome to another awesome Forex Market Week! Are you ready to make some good pips this week? Let’s get into the news from Asia’s market, and then talk about the rest of the day.

For starters, Oil is just a bit over $123 at writing.

New Zealand has released their trade balance, which was at a deficit at -.22 Billion, but surpassed consensus’s bid at -.4 Billion. Way to go!

Australia had a couple of items on the list for yesterday, first being some words spoken from Reserve Bank Assistant Governor Dr. Guy Debelle. The podium piece was at a conventon about debt, something some of us for sure know first hand!

The second item that was on the docket was the National Australian Bank’s Quarterly Business Confidence has dropped to twice it’s previous number at -8.

Going into the European Market, we have German Consumer Confidence, which is coming in at a decline at 2.1 previously at 3.6.

The Us Market is just about quiet, but we will be expecting some word from Federal Open Market Committee member Frederic Mishkin.

The Asian Market Session later on will be the busy one here, starting with New Zealand’s Monthly Building Consents, (These are Building Permits actually, to eliminate Confusion.)

Japan has a trio of events happening. Starting with overall household spending over last year in comparison. Also look for Retail Sales, and the Unemployment Rate.

Australia comes on the map to close out the news with the Leading Index Monthlies.

Have an awesome day of trading, and TRADE ON!

Forex Backlash: Just Another Autopilot Forex Trading System?

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Recently I just looked into Forex Trading Manual’s Forex Backlash System.

The Forex Backlash system is a mechanical trading system, which features two parts:
A theory section on what forex is all about. It covers all of the bases in the Forex Genre and is a great startup guide for those who are looking to get into forex trading. So, by the end of reading the first book, you would able to to know the absolute basics, to get around the terminology and know how to read charts and “talk” forex with other traders and such.

The second part, is a mechanical trading system, which is an easy to implement and let go type system for Metatrader 4 Trading Systems. The system eliminates almost all need to do technical analysis, but I would still recommend highly that you know what is going on in forex, just in case you need to “pull out” of a trade (i.e. news blowout.)

What might seem like a con, but honestly a pro in my book, is that you have to learn how to use this system. Unlike the other systems that I have reviewed and looked at before, This is one system that involves you to configure it.

If you want to check out the Forex Backlash, check it out here! ForexBacklash

Forex Market July 25th 2008

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Good morning and welcome to the weekend!

Let’s get to the news and then get to the weekend!!!

In Europe…
Germany will release numbers from their Import Price Index. This is a monthly index. At the time of writing, this number was already released at 1.5%, over the consensus of 1.0%.

In about an hour from now, we are looking at the M3 Money Supply.

England has a couple of news items as well…
The Gross Domestic Product, which is a heavy hitter and we will see the Preliminary Quarterly Gross Domestic Product this morning. Then one more quarterly index with Services.

United States…
Big Hitters today with the Durable Goods and the Core Orders for Durable Goods Orders. We will also see numbers from New Home Sales, another big hitter, and Consumer Sentiment and Inflation Expectations numbers from the University of Michigan.

Oil: Crude managed to slip up a bit at $125.89, from yesterday’s $124.00.

Have an awesome weekend folks and remember to TRADE ON!!!!

Thomas Howell
GoForexTrade.com

Forex Market Session July 24th 2008

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Good morning and welcome to another busy, fun filled day in the Forex Markets!

Europe has a ton of news today and yes, about 80% of the news will be Purchasing Managers Indexes.

Look for Purchasing Managers Indexes, both on the Service and Manufacturing End From France around 800 GMT, then 30 minutes later in Germany, and at 900 GMT for Europe’s total PMI.

Around 900 GMT, we will get a number from Germany’s Information and Forschung Index, for Business Climates and Business Expectations. Then Europe’s Current Account will be released, expect the magic number to be -.5 Billion.

930 GMT will see numbers from England’s Retail Sales Month to Month.

The US market will see a few heavy hitters at 830 am EDT, starting with Unemployment Claims. We are looking at a slight increase in claims. Fast forward to 1000 am EDT, we will get to see numbers for Existing Home Sales, a speech from New York State FOMC Member Tim Geithner, and Natural Gas Storage, which the consensus is looking at 83 Billion Cubes.

England will have a word or two from Monetary Policy Committee Member Richard Bean around the Close of the London Market.

Japan has the news for the Asian Market Session, with Tokyo’s very own Consumer Price Index Annuals, and then a Consumer Price Index Annual for the Whole Country of Japan. Then wait 20 minutes and the Corporate Services Price Index will be public.

There is the news to look out for today. Wish you the best of luck and make another fine day of trading happen!!!!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

P.S. Please check out my other blog, which we started earlier this week. http://www.iliveinsuccess.com is the new blog and I am very hopeful that you will like the content. We don’t talk much about forex in there, but what we talk about, is other fine money making opportunities and lifestyle quality modifications. So if you want a blog that challenges you and makes you want to aim for higher, please check out www.iliveinsuccess.com

Forex Market Session July 23rd 2008

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Good morning and welcome to another trading day! Are you making some serious pips out there? If you are great! If you are not at the time, just keep persistant and keep on educating yourself, you will get there in due time!!!

over the last couple of days I have received a few comments from loyal site visitors who expressed their experiences here at GoForexTrade.com. I do greatly thank you for the input and keep the comments coming! And again, thank you for visiting my site!!!

How about we get to some news on the Forex front, shall we?

Today will be a busy day and and we are looking at some heavy hitters. First, France will have numbers on Consumer Spending. This is compared on a month to month basis.

Italy will have the numbers for retail sales. This is also a monthly index which shows the fluctuation in retail purchasing.

England will have a few news reports coming out this morning around a couple hours from now. One of the heavy hitters we will mention is the Meeting Minutes from the Monetary Policy Committee. The minutes have a huge importance because it could mean a change in interest rate, banking regulations or another major issue in banking. At the same time, the British Bank Association will have their number for Mortgage Approvals.

Europe will then release their Industrial New Orders then England will cap out the European Market News with the Confederation of British Industrie’s Industrial Trends Orders.

In the US Market, we have a couple of heavy hitters to talk about. Canada first off, will release Their Core Commodity Consumer Price Index, then their regular Consumer Price Index.

The USA will then post Crude Oil Inventories. This will slightly affect the dollar compared to crude oil prices. Expect this one to be a bit high on inventories, which might drop the price of crude even lower! Maybe we can drive the SUV once again eh?

Then the US has this so called “Beige Book.” What is the deal with this? Well, the Beige Book is a compilation of data of the economic status and situations of the 12 Fed Districts in the US. This is usually done about a couple of weeks before Bernanke and the Boys get together over a few drinks, a couple of testimonies to congress and such, and determine if there is a need a for a change in bank rate.

For the Asian Market, We have a big bad heavy hitter in New Zealand with the Cash Rates being unveiled in Auckland around market open. Expectation is to keep the rate at it’s current level of 8.25%. Expect a statement shortly thereafter by the Monetary Policy Committees.

And in Japan, look for their Trade Balance to be released!

Again, to my fellow traders in the Forex Market, and also site visitors who are just visiting to see us..
THANK YOU FOR YOUR PATRONAGE!!!!

Have a great day, and as always…
TRADE ON!!!

Thomas Howell
GoForexTrade.com

Forex Market: July 22rd 2008

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Good morning!

Are you ready to make some serious pips?

Let’s talk about today’s trading news, shall we?
First, we will see Switzerland’s Trade Balance. The magic number is 1.62 Billion. To Conclude the European major news, we will see words from Bank of England’s Mervyn King along with Sir John Gieve, which he will be speaking to the Parliament’s Treasury Committee in London about banking reform.

In the US Market, we will see Treasury Secretary Henry Paulson at the New York Public Library speaking about reforms in the banking industry.

Also, we will hear words from Fed Member Plosser, speaking not about the cheesesteak index of course (Philadelphia Fed Governor Plosser we are speaking about here), but rather we will hear words at a Philadelphia Business Journal Luncheon. Philadelphia Business Journal, is a prominent local Philly newspaper that deals with all things business.

We will also get numbers later for the House Price Index Monthlies and Richmond Manufacturing Index.

Canada will release their Core and Regular Retail Sales this morning.

Later on when the Asian session opens up, Australia will release their Consumer Price Index, ad Trimmed Mean Consumer Price Index. The “Trimmed Mean” means that this CPI will exclude some of the most volatile items and commodities.

Have a great day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

Forex Market Session: July 21st 2008

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Good morning and welcome to the trading week! Monday is a very quiet day obviously, so we are going to use just one post to cover everything here instead of spreading ourselves thin. We would rather have blog posts that are full of information and engaging, instead of having a small blog post for quiet days like today.

The three BIG events we will have today in the Forex Market:
1815 GMT
Switzerland will release their Product Price Index.
1500 GMT
United States - Leading Index
0050 GMT 7/22/08
Japan will release the All Industries Activity Index Monthlies.

Yeah, it is going to be a quiet one for sure, but maybe you should take this opportunity and take a look at a new site we have just unveiled. Well, ok, not really that new, but it is a cool site that I revamped and reincarnated as a blog site.

ILiveInSuccess.com is the site, and we will have alot of non-forex things, from weight loss, to the semi-soon-to-be-famous Ferraris of the week, and product reviews to make life more fun and productive, not to mention more predictive sales incomes???

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