Good morning/afternoon/evening/night! How is the world of currency trading treating you so far today? Making some serious pips in the wonderfully volatile market that we have been experiencing? Cool! Now let’s get to the news, shall we?

Well, first, let’s get some wordage from Mishkin and Paulson, who both had podium pieces earlier today:

FOMC Governor Frederic Mishkin, has uttered words about risks in inflation expectations, and that the Federal Reserve wants to curb any possible expectation that might arise.

Meanwhile, Us Treasury Secretary Henry Paulson, had squawked about the state of the economy, and that the end of housing prices falling are not coming to an end anytime soon. For those foreclosure investors and real estate speculators, you are still going to see some bargains in the coming months. To homesellers, I only hope the best of luck as the real estate market is still in for the hellride of it’s life.

So, let’s skip the horror stories and let’s get on to the news stories for the asian market!

Australia breaks the news silence tonight with the Services purchasing Manager’s Index tonight. This is an indicator of Buying agents and purchasing managers of services companies and buying raw materials to augment the services that they provide to the public and private sectors.

Also Australia is going to release a Trade balance number as well. This will be the indicator of which Australia is exporting more or less than what they are importing. If you ever heard of “trade deficit”, that means that the country is exporting less than they are importing.

New Zealand then takes the news end of things, and the ANZ, a leading banking authority in New Zealand, will release a commodity price index, which will cover any fluctutations in the price of several major commodities. This will indicate if there is any level of inflation.

That is all for today’s Asian Market Open, See you at the European Market Open! TRADE ON!!!

Thomas Howell
GoForexTrade.com

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Hello! sleep well? are on your way to trading in some time for some massive pips?

Let’s get to some news.

Europe Central Bank President Jean Claude Trichet has spoken to a panel in Paris about Financial Policies for lending institutions. There was not a mention on Monetary Policy.

in England Construction Purchasing Managers sank to 38.8, below the 43.1 expectation and Housing Equity Withdrawals have only garnered up 5 Billion, just .4 Billion under expectation.

Back to Europe, The PPI has increased 1.2%, well over the .9% forecast and the .9% previous level.

Here is some news that has already happened….
In the US Market, a sweet and sour day indeed has happened: Challenger Job Cuts from previous year is at 46.7%.

The big bad ADP Nonfarm Employment Change had taken a hard fall on job losses with -79,000 job losses. wow!

In positive news, the Us Factory Orders have increased .6% over last month, doing well over forecast numbers of .4% compared to the previous month’s 1.3%.

Crude Oil did take a stab back and inventories were 2 Million barrels in the hole. The current price is still hovering around $142. Ole Slorer has two more days to make good on his prediction of $150! I wish him the best of luck, but prepare to fend yourself off from Millions of SUV Drivers who are just going to be angry at his words.

We will have words from Treasury Secretary Paulson and FOMC’s Mishkin in the afternoon report.

TRADE ON!!!

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Good morning european Traders! Good Afternoon and Evening to my fellow traders in Asian Markets!!!

Results from the Asian Market:
Japan’s Monetary Base has increased .4% over same time previous year.
In Australia, Building Approvals have reached a decline of -6.5% from last month. The expected forecast was -3.3%. But in positive news, Australia’s Retail Sales have increased .7% over previous month’s sales.

Europe Market….
In Paris, ECB President Jean Claude Trichet will have some words to flow at the 5th edition of the Rencontres Financières Internationales. Look for some clues on Monetary Policy and anything else that will potentially affect the Euro and it’s competing currency crosses.

England is due for Construction Purchasing Managers numbers and then Housing Equity Withdrawals.
Then Europe will have their PPI Monthlies.

So far, that is the european market for today. The US Market promises to be a busy day. Crude Oil is at $142.30. Let’s see what the day brings!

TRADE ON!!!

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