European Forex Market Session August 14th 2008
August 14, 2008 by Thomas Howell /

One more trading day for the european market before The Assumption, and we are not going to assume anything in the world markets, as we can only tell you what is happening!

Crude Oil remains at $116.43, after a report on lessened supplies in the US have increased the commodity three dollars.

How did the asian forex market pan out?

Japan has dropped a bit on the tertiary industry activity index around -0.8%. In New Zealand, The Business Manufacturing Index is at 48.8.

MAJORS:
EUR/USD: 1.4858
GBP/USD: 1.8651
USD/JPY: 109.48
USD/CHF: 1.0889

Here is the news to look forward to for the European Market: All times in GMT.
0645 Switzerland’s Consumer Climate, already reported at -17. Not good!
0700 Germany will release a preliminary GDP and a Final Consumer Price Index.
0745 France will have Non Farm Payroll releases and their Preliminary GDP.
0900 Look for the Central European Bank to release a Bulletin. Check for Monetary Policy clues, and then big accordingly.
1000 Europe will then release a core commodity and a regular Consumer price index. Also in tandem, we will get then number for Flash Gross Domestic Product.

Have a great day and TRADE ON!!!!




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