Today we have a few issues with the european forex market. First, let’s cover the news from the asian market session!!!

*Note, we are still waiting for the ANZ commodity price index numbers and we will get them to you as we receive them.

New Zealand released their Labor Cost Index and as predicted, the actual forecast was at 8%.

Japan released numbers on the Annual monetary base. We have learned that there was a decline of -.7%.

Australia came out with some positive news to sum up Asian market trading for their session. The House Price Index actually didn’t decrease as bad as many have expected. Instead of the expected -1.1% we are relieved to see only a decline of .3%

NYMEX Crude Oil Numbers: Due to worries about nuclear activities in Iran, and issues in Western Africa regarding recent oil fires, the index has increased a 1.19 to $126.29.

Here are some currency pairs at the moment:
EUR/USD: 1.5592
USD/JPY: 107.66
GBP/USD: 1.9750
USD/CHF: 1.0474

And here is the news for the European Trading Session:

0830 GMT: Switzerland returns from a three day vacation to release the Schweizerischer Verband für Materialwirtschaft und Einkauf Purchasing Managers Index, which we are looking for a number above 50. the magic number though is 53.4 for this report.

0930 GMT: Europe will see Sentix’s Investor Confidence numbers. We will be looking for -10. At the same time, England will release their Construction Purchasing Manager’s Index, which we are looking for the number 37.6

1000 GMT: Europe will then release the product price index, which monitors any fluctuation in consumer product prices. look for a number of 0.8%

Enjoy and TRADE ON!!!
Thomas Howell
GoForexTrade.com

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