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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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