Asian Forex Market Session: July 6th 2008
August 5, 2008 by Thomas Howell /

Good evening to our US traders and good morning for the Asian forex traders!!!!

What a KICKASS day that we had on wall street!
ISM came in at a nice, but slim margin over forecast, and the Interest rate stayed the same at 2%! The Dow Industrial 30 sees a gain of 335 points, and to top the good news, Crude Oil took a lowering to the tune of around 118.56! The oil bubble has been broken, and hopefully gas prices will fall harder faster sooner! Hummer H2 fans REJOICE!!!

MAJORS:
EUR/USD: 1.5463
GBP/USD: 1.9548
USD/JPY: 108.30
USD/CHF: 1.0542

With feeling hyper over such a great day, let’s head into the Asian Forex Market Session!

All times in GMT!

0030: Australia will release their Purchasing Managers Index for the Construction Sector.

0050: Japan will release Core Machinery Order Monthlies:

Australia will have their jobs report today, being usually a heavier hitter in trading news…
0230: Employment Changes (consensus: 4,000 jobs) and Unemployment Rate (consensus: 4.3%)

Have an awesome session trading!!! See you later on for the European report!
most importantly, have fun and as always….
TRADE ON!

Thomas Howell
GoForexTrade.com




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