Another busy trading day! well not for the news, so maybe you could do some wonderful trend trading today with your EMA’s and SMA’s and figure out some good plots! Maybe if you have the Forex Funnel, you could let the software plot the trends and even make the trades!!! Check this out for more information

So, onto the news!
Oil is looking a bit thinner in price today, after a huge sell off after that big windy, rainy spinny thing in the Gulf Mexico (We call that a tropical storm out there, oh and it has a name too! We call him Eduardo!) is not looking like a threat to oil supplies and refineries. The sweet crude stuff is now going for around $121 a Barrel! Can we say cheap fuel soon?

MAJORS:
EUR/USD: 1.5574
USD/JPY: 108.21
GBP/USD: 1.9624
USD/CHF: 1.0480

So, how did the news trading do?

US Market:
Challenger Job Cuts are up 140.8%
Core Personal Consumption Expenditures: up .3%
Personal Spending is up .6%, but Personal Income is slower at .1%
Factory Orders came in at 1.7%

So, what is the deal for the Asian Market Tonight? (Al times in GMT)
0030: Australia will release their Purchasing Managers Index in the Manufacturing Sector. at 0530, look for news on the cash rate for the Reserve Bank of Australia.

0400: New Zealand will release their monthly ANZ Commodity Prices!
Also remember tomorrow is a big trading day for Europe as well, with the Main PMI’s being released and also the US is having a MAJOR fed rate decision as well! Keep tapped to those news wires and …..
TRADE ON!!!!

Thomas Howell
GoForexTrade.com

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Getting ready for another week of crazy trading? This week will be the busy one, for those who love to trade with news, or any method that is! Even the Automated Expert Advisors will be overloading the math a tad as we have a crazy week ahead! Third World Debacles, to Hurricanes and Wild storms, and oil fires will top the big hitters this week.

Australia will have a big week with their Rate statement and the United States will have some big news including a possible change in interest rate as well! Stay tuned as we will keep you informed!

Before we cover the US Market, let’s see what europe has done so far…

Switzerland has aced the AVME PMI’s with a 54.1 over the forecast of 53.4.

Europe’s Sentix Investor Confidence had faltered at -15.3, past the forecast prediction of -10. England Construction Purchasing Manager’s Index also dwindled below forecast at 36.7, under the 37.6 forecast.

Europe’s Product Price Index Monthlies, have slightly improved over the .8 forecast at .9.

Crude Oil: Crude has fallen over a couple dollars down to $124.94 from over $126.10 in overnight trading.

THE MAJORS:
EUR/USD: 1.5572
GBP/USD: 1.9673
USD/CHF: 1.0483
USD/JPY: 108.01

For the US/Canada news day starts here, in GMT/EDT! Canada is getting an extended weekend with having today off! They are having a Civic holiday!

1230/7:30AM: United States will have the job cuts information from Challenger, Gray, and Christmas,.

1330/8:30AM: The US will have a trio of reports at this time, starting with Core Personal Consumption Expenditures. This covers everything, from gadgets and gizmos, to clothes, toys, cars, and everything else with the exception of energy costs and food costs.

The other two reports coming out at this time will be Personal Spending and Personal Income.

then…
1500/10:00AM: US: Monthly Factory orders

TRADE ON!!!
Thomas Howell
GoForexTrade.com!

Follow GoForexTrade.com On Twitter!

Today we have a few issues with the european forex market. First, let’s cover the news from the asian market session!!!

*Note, we are still waiting for the ANZ commodity price index numbers and we will get them to you as we receive them.

New Zealand released their Labor Cost Index and as predicted, the actual forecast was at 8%.

Japan released numbers on the Annual monetary base. We have learned that there was a decline of -.7%.

Australia came out with some positive news to sum up Asian market trading for their session. The House Price Index actually didn’t decrease as bad as many have expected. Instead of the expected -1.1% we are relieved to see only a decline of .3%

NYMEX Crude Oil Numbers: Due to worries about nuclear activities in Iran, and issues in Western Africa regarding recent oil fires, the index has increased a 1.19 to $126.29.

Here are some currency pairs at the moment:
EUR/USD: 1.5592
USD/JPY: 107.66
GBP/USD: 1.9750
USD/CHF: 1.0474

And here is the news for the European Trading Session:

0830 GMT: Switzerland returns from a three day vacation to release the Schweizerischer Verband für Materialwirtschaft und Einkauf Purchasing Managers Index, which we are looking for a number above 50. the magic number though is 53.4 for this report.

0930 GMT: Europe will see Sentix’s Investor Confidence numbers. We will be looking for -10. At the same time, England will release their Construction Purchasing Manager’s Index, which we are looking for the number 37.6

1000 GMT: Europe will then release the product price index, which monitors any fluctuation in consumer product prices. look for a number of 0.8%

Enjoy and TRADE ON!!!
Thomas Howell
GoForexTrade.com

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