Good morning and I welcome you to another trading day. Not to sound like a depressed newsline, but the news was grim for the US market, and 200+ point drop on the dow 30 didn’t make anything better. A oil pipe in Turkey blows on us, and now the Oil goes trending in an ever familiar path. Thank you, Kurdish Rebels, now our crude is at $120.02.

The Unemployment Claims for the United States, now stands at 455,000, well over the 420K forecast. Well well well, home based business anybody? Maybe you should check out my sister site, www.iliveinsuccess.com for pointers on how to start your own business!

Natural Gas Storage was lower than expected, at 56 Billion Cubes, under 60 Billion on consensus.

Well look on the bright side, Consumer Credit is up, in a tighter than thou market, and Pending Home Sales are up 5.3% Those two things are good news, but unfortunately couldn’t keep the Dow from going down.

Almost forgot! The Bank rate decisions from Europe and England. Both Central Banks decided to keep their current rates, which are respectively 4.25% and 5.00%.

MAJORS:
EUR/USD: 1.5324
USD/JPY: 109.33
GBP/USD: 1.9433
USD/CHF: 1.0611

So, what is going on for the Asian Forex Market Session? well, only one news event which is for Japan, which is the Economy Watchers Current Index at 600 GMT, which is light in currency punch power. You might as well take some time off, and look towards the US market where we will see both Canada and the United States with the rest of their Jobs Report to finish the week.

Have a quiet trading session tonight! Heck, just take tonight, and go out with buddies for a couple of cold ones, or have pizza night with the family, because tonight should be quiet.

Have a good one, and TRADE ON!!!
Thomas Howell
GoForexTrade.com

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Good morning and welcome to another Forex Trading Session! Are you ready to make some serious pips? Are you recovering from the raucous European Market Session, with two bank rate statements which should be read shortly, and of course the oncoming US Market Session: Let’s roll out the pippage shall we?

Crude Oil is shooting up a bit towards the $120 pricepoint, currently sitting just under it at $119.89.

This is how the European Market Performed Newswise so far!
German Trade Balance did fine with an 18.1 Billion Surplus, France did not so well with a 5.6 Billion Deficit with their Trade Balance Reading.

WE finally received the numbers on the Halifax House Price Index from England and note a 1.7% decline in house prices.

Industrial Production was a big one in Europe as well, as Germany and Italy had numbers to release. Germany reported only a .2% increase where the forecast was slated for .8%. Italy, only increased by .1%, but the consensus was looking for .2%.

As we are still waiting for the European Central Bank’s and the Bank of England’s Rate Decision, we will let you know what is up when we get the announcements.

MAJORS:
EUR/USD: 1.5466
GBP/USD: 1.9507
USD/JPY: 109.47
USD/CHF: 1.0561

So, without further adieu, here is the news on the US & Canada Markets:
First, Canada will have a number on Building Permit fluctuations from previous month. This will happen around 1330 GMT/8:30A EDT. At the same time, we should expect news on the ECB Bank Rates, and the unemployment claims should be released in the US.

1500 GMT/10:00A EDT We will see another heavy hitter, Pending Home Sales. Recalling from my real estate agent days, this means the period from when you place and offer on a home, it gets accepted by the selling party, goes to conveyancing, and ends when you hit the settlement table and exchange cash and paper for a set of home keys.

1535 GMT/10:35A EDT Natural Gas Storage for the US. Look for 60 Billion cubes from the consensus.

2000 GMT/3:00P EDT Consumer Credit monthlies for the US.

Stay tuned and make some serious pips folks! Pay attention to europe and also the US pending home sales, as these will flip the EUR/USD one way or the other.

TRADE ON!!!
Thomas Howell
GoForexTrade.com

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Good morning and welcome to another day of forex trading. For the news trader today, or the person who loves financial news as much as I do! There is just a hideous outpouring of different news items today, from jobs reports to home sales, and Bank rate numbers and such!

From the asian market session, we can report that Japan’s Core Machinery Orders for June have fallen 2.6%, but not as bad as the markets predicted.

Australia’s Purchasing Managers Index for Construction was rated at 41.6.

We also had Australia’s jobs report as well, with an employment change of 10,900 jobs being added to the aussie economy, but the unemployment rate remaining the same at 4.3%.

WE can report also that Crude Oil has taken up a bit to around $119.

MAJORS:
EUR/USD: 1.5461
GBP/USD: 1.9493
USD/JPY: 109.44
USD/CHF: 1.0562

And here is the news for the European Market Session, noted in GMT:

0700 and 0745, the German and French Trade Balances at time of writing were already released and we can say that the German Trade Balance is 18.1 Billion Euros in surplus, and the French Trade Balance is at a 5.6 Billion Euro Deficit.

0900 GMT will produce two news releases. Firstly, the EU’s Italian Industrial Production Monthlies, which is forecasted for a .2% gain. Meanwhile in England we are looking at the Halifax Housing Price Index, which will see a 1.5% decrease in the forecast.

1100 GMT We will get the German Industrial Production which is seeing a forecast of .8% up.

Somewhere in the market session we will also get word on any fluctuation on the English Bank Rates as the Monetary Policy Committee will release their opinion and decision on rate changes if any.

Europe will then at 1245 GMT, release THEIR rate decision and have a press conference shortly thereafter discussing any fluctuations in policy or rates.

And this will cover the insane as heck European Trading Session. Have a fun day, make some mad pips and of course….
TRADE ON!!!

Thomas Howell
GoForexTrade.com

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