Asian Forex Market Session August 7th 2008
August 6, 2008 by Thomas Howell /

Hello! How was trading today?

Crude Oil is having a good day, falling at times below $118 per barrel. The United States did the Crude Oil Counts earlier, and we reported a higher jump in inventory over forecast!

And in O Canada! we have the Richard Ivey Purchasing Managers Index. and the index is an across the board index for purchasing managers in all industries in Canada. This number, blew the roof off of expectation and landed at 65.5. WAY TO GO!!!

MAJORS:
EUR/USD: 1.5406
GBP/USD: 1.9468
USD/JPY: 109.70
USD/CHF: 1.0606

So what is on tap for the Asian Forex Market Session?

OCEANIA’S JOBS REPORT!!!!

To start things off, we are looking first off to New Zealand. Their jobs report is due in about three and a half hours from now at 2345 GMT. the employment change is forecasted at .1%, and Unemployment Rate is predicted at 3.8%. Now remember, New Zealand is a country where a huge amount of it’s GDP comes from the Tourism industry.

For the rest of the market session: Japan will release Core Machinery Orders at 0050 GMT, and Australia will have a trio of reports being released!

Two of those reports are Australia’s Jobs report. Unemployment Rate and Employment Change will be released at 0230 GMT.

and at 0030 GMT, Australia will have a Purchasing Managers Index for The Construction Sector.


Filed under: Asian Open/North American Close News by Thomas Howell


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