Hello! Wow, it was a hectic day for me, and had to step out for a bit, so I apologize for the combined Asian Market and European Market report.

Here we go!

Let’s post the the summary for the Bank of Canada business outlook survey. The consensus is looking at a 36% approval of expectation that we will see inflation to be above 3%, while the consensus expectation of the Bank’s target range in inflation, has decreased from 80% to 63%.

The numbers so far in the Asian Markets…

New Zealand’s Business Confidence has remained unchanged with the number -63. Japan’s Money supply has increased to the neighborhood of 2.3%.

Australia’s National Australian Bank has put a -9 in front for Business Confidence.

We are still waiting for news from Japan’s Economy Watchers Current Index.

At 830 GMT, England will have the House Pricing Index numbers from the Department for Communities and Local Government, or the DCLG. This monitors the changes in home prices, which are financed by HBOS, and no that is not a premium cable channel either! The magic number is 3.2%

Ok folks, Another session, another day, Not much news in Europe regarding forex today.

Come back for the US report!

TRADE ON!

Thomas Howell
GoForexTrade.com

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Good morning! Welcome to another great day of great forex trading!!!

Let’s recap the news from the earlier part of the European Session…
Right out of the gate, Switzerland released numbers for their unemployment rate, which remains unchanged..

EUROZONE
Sentix Investor Confidence took a huge blow at a -9.3, compared to a consensus of 2.5. OUCH!
German Industrial Production also took a nasty hit at -2.4%.

England
Industrial Production is down -.8%, as well as Manufacturing Production at -.5%
We also have the NIESR GDP Estimate, which was guesstimated at .2%

Out of all of the negative news, Canada’s Building permits have increased 1.1%!!! I knew we had to have some good news on this report somewhere! lol

We are still waiting on news from the Bank of Canada’s business outlook survey.

Oh, and here is some more good news for the US readers: Speculation from the G8 Meeting in Hokkaido Japan, will look more positive for the dollar, and eventually a cheaper gallon of gas!

Join us for the Asian Market Open this afternoon.

TRADE ON!
Tom Howell
GoForexTrade.com

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Hello traders! Welcome to the european market session! Did you have fun with the asian trading session? did you make any pips? Or maybe you are just grabbing a spot of tea, reading the finance pages at yahoo or some forex site (preferably goforextrade.com) getting the scoop on the world markets!!!

How was the weekend? Did you get some well deserved rest after that mean punch the Euro took? Ready for another amazing week at the charts? Let’s get to some news, shall we?

WE have in store, one HELL of a busy day here in Forex Land.
Let’s start with Switzerlands Unemployment Rate for June. That number will be released in a few minutes.

630 GMT
Australia, will release the amount of currency that it has in Foreign Reserves.

830 GMT
Tons of news here. England will release Industrial and Manufacturing Production Numbers, both Same time Last year and same time Last Month. Europe will release their Sentix Investor Confidence Numbers.

1000 GMT
Germany, of the Eurozone 13 will release the Industrial Production from May.

TRADE ON!

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