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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