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

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