Welcome to another fine glorious day in the world of forex trading. Today we noticed that the financials on the US retail sector had investors biting their nails, and with Crude having a drop in inventory, we actually gave a few bucks back to the commodity, taking it up to $116.47 on New York Mercantile Exchange Electronic Trading.

So, how did the US/Canada session fare? Let see, shall we?
Core retail sales had investors concerned with just a return of just .4 percent, not as much as they wanted, being .5 percent on forecast was their expectation. Retail sales also have dipped at -.1%.

Despite the bad news, the import price index has increased to the tune of 1.7%, well over the forecasted 1.0%.

Business inventories and Crude Oil was down also. The Crude price as noted earlier has increased over $3 to close just over $116.

MAJORS:
EUR/USD: 1.4918
GBP/USD: 1.8671
USD/JPY: 109.18
USD/CHF: 1.0846

Asian Forex Market News To Look Forward To: all in GMT.
2333: business New Zealand Manufacturing Index (already released:) 48.8.
One more news report to look forward to, as it is coming shortly….
0050: Japan’s Tertiary Industry Activity Index, look for -3%.

NEWS: Friday, in observance of the EU’s major holiday and a quiet friday session after the Asian trading session, I will be talking about a new product, actually it is a membership based forex community that is up and coming, and offers a great deal of incentives for the forex trader. Talk to you soon!!!

Have a good day and TRADE ON!!!!

Thomas Howell
GoForexTrade.com

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Good morning and welcome to another day of trading. We have some reports from the US market already, and oil is at the same price.

The European Market from earlier recapped here!
England’s job report, as expected was all in the red. The claimant count change was at 20.1K over 17.5K. The Average earnings index who didn’t make the forecast either, and the unemployment rate went up to 5.4%.

Europe’s industrial product sagged, but is dead even at 0.0%.

MAJORS:
EUR/USD: 1.4895
USD/JPY: 108.63
GBP/USD: 1.8726
USD/CHF: 1.0872

And here is what happened so far, and what we are still waiting for:

All USD:
Core Retail Sales: .4%, but just under a .5% forecast expectation.
Retail Sales: -0.1%
Import Price: up 1.7% the only positive news so far.

We are still waiting for the Business Inventories Monthlies, and Crude Oil Inventories, which will be released around 1500 GMT/ 10:00am EDT.

Have a great day and TRADE ON!!!!

Thomas Howell
goforextrade.com

Follow GoForexTrade.com On Twitter!

Welcome to your european news session report. From the asian session… Crude Oil remains pretty much unchanged throughout the asian session despite the conflicts in georgia. Main pipelines to the province have been shut down for protective measures and protect commodity prices.

MAJORS:
EUR/USD: 1.4929
GBP/USD: 1.8981
USD/JPY: 108.74
USD/CHF: 1.0841

Japan’s trio of news events have been mixed. The Preliminary Gross Domestic Product, had came in exactly on the nose with expectations, but the GDP price index failed to impress at -1.6, falling just short of -1.5. we can report that the current account has done a great job at 1.29 Trillion to the good.

In Australia, Westpac Melbourne Institute announced 9.1% on their consumer sentiment survey, and the Wage price index went in the green to the tune of 1.2%.

Tonight, in the European markets, we will see a England dominated session, with their Jobs report on the line. 0930 GMT will roll out the Claimant Count Change (Unemployment Claims), Average Earnings Index, and Unemployment rate. Look for a small increase on the unemployment rate and Claimant Counts.

England has one more item at 1030 GMT, which is a report on Inflation, provided by the Bank of England.

Europe has a number on Industrial Production around 1000 GMT.

Have a good one, and remember to TRADE ON!!!!

Thomas Howell
goforextrade.com

Follow GoForexTrade.com On Twitter!