Good morning and welcome to the North American Forex Market Session. are you ready to make some cold hard pips today?

Oil is taking the usual decline, and the euro is getting a big ass kicking. We were expecting this especially in the recent decline in energy commodities and the lowering energy demands of oil consuming countries like the United States.

So how is the european marketing doing? Lets find out, shall we?

in France, we had their consumer price index released and we found out that this index has declined .2%, which was right on forecast.

England had a few news reports as well. the DCLG House Price Index has declined .6%, well under the +1.5% consensus. Their Core Consumer Price Index was up 1.9%, while the regular Consumer Price Index arrived at 4.4%. The retail price index has increased 5.0% too! so there was good news in good ol england!

MAJORS:
EUR/USD: 1.4893
GBP/USD: 1.9015
USD/JPY: 110.16
USD/CHF: 1.0896

Crude oil is still lagging around the $113 pricepoint.

US/Canada Market News:

Today, around 8:30am EDT/1330 GMT, both the United States and Canada will release their own Trade Balance statements, both expecting to be heavy hitters of course!

Also look out for the investors Business Daily Economic Optimism report to come out shortly for the US Market!

Have a great day and TRADE ON!!!
Thomas Howell
goforextrade.com

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