Good morning fellow American traders! Ready for another week of Oil, Hot Dollar on Euro Action, and Banks Having more issues than the town drunk? Sounds like an episode of Jerry Springer, doesn’t it? It is actually the nature of the US Markets!

Time to make some money today!!! Here is the results from earlier today…
In England, we had Inner and Outer Producer Price Index… Both didn’t make the consensus’ expectation, but reached at 2.1% for the former and .9% for the latter.

In Europe the Industrial Production levels decreased 1.9% but this indice was expected to do worse at -2.3%.

For the US Market Today, The Federal Reserve Governors are making some votes on rules and regulation on customer protections in wake of the subprime mortgage situation in the US.

Sweet Crude Oil was priced at the time of writing at $143.22, falling a few dollars from the $147 peak that was reached before the end of trading last friday.

Have a great day and TRADE ON! Tonight’s Asian Market Session will be a bit busy with news, as we have about 8 events to talk about!

Thomas Howell
GoForexTrade.com
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Good morning my fellow europeans and welcome to another action packed week here in Forex Land!

Reporting the news issues for New Zealand in the previous posts means we can move on to the Upcoming news for the european market session!

WE have five news items to share today, four of them being England’s, and two of them being held on the late tea session.

England will have Producer Price Index for Input and Output. These are monthly indices and forecast is 2.5% for the former and 1.2% for the latter.

The late tea session will have the RICS House Price Balance, which will measure fluctuations in prices over a period of time. The British Retail Consortium will also put their year again last year Retail Sales Monitor. Previous Numbers for this were at 1.9%

Going back to to 900 GMT, Europe will have their Monthly Industrial Production numbers released to the public. They are expecting a magic number of -2.3%.

Alright! That is the european market report!!!
Expect the US Market Session report to be brief besides reporting on the pressing issues with Banks Gone Wild, Oil gone crazy and Dollars dropping at the sight of mortgage issues.

TRADE ON!!!

Thomas Howell
GoForexTrade.com

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