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.
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.
Welcome to another fine glorious day in the world of forex trading. Today we noticed that the financials on the US retail sector had investors biting their nails, and with Crude having a drop in inventory, we actually gave a few bucks back to the commodity, taking it up to $116.47 on New York Mercantile Exchange Electronic Trading.
So, how did the US/Canada session fare? Let see, shall we?
Core retail sales had investors concerned with just a return of just .4 percent, not as much as they wanted, being .5 percent on forecast was their expectation. Retail sales also have dipped at -.1%.
Despite the bad news, the import price index has increased to the tune of 1.7%, well over the forecasted 1.0%.
Business inventories and Crude Oil was down also. The Crude price as noted earlier has increased over $3 to close just over $116.
Asian Forex Market News To Look Forward To: all in GMT.
2333: business New Zealand Manufacturing Index (already released:) 48.8.
One more news report to look forward to, as it is coming shortly….
0050: Japan’s Tertiary Industry Activity Index, look for -3%.
NEWS: Friday, in observance of the EU’s major holiday and a quiet friday session after the Asian trading session, I will be talking about a new product, actually it is a membership based forex community that is up and coming, and offers a great deal of incentives for the forex trader. Talk to you soon!!!
Good morning and welcome to another day of trading. We have some reports from the US market already, and oil is at the same price.
The European Market from earlier recapped here!
England’s job report, as expected was all in the red. The claimant count change was at 20.1K over 17.5K. The Average earnings index who didn’t make the forecast either, and the unemployment rate went up to 5.4%.
Europe’s industrial product sagged, but is dead even at 0.0%.
Welcome to your european news session report. From the asian session… Crude Oil remains pretty much unchanged throughout the asian session despite the conflicts in georgia. Main pipelines to the province have been shut down for protective measures and protect commodity prices.
Japan’s trio of news events have been mixed. The Preliminary Gross Domestic Product, had came in exactly on the nose with expectations, but the GDP price index failed to impress at -1.6, falling just short of -1.5. we can report that the current account has done a great job at 1.29 Trillion to the good.
In Australia, Westpac Melbourne Institute announced 9.1% on their consumer sentiment survey, and the Wage price index went in the green to the tune of 1.2%.
Tonight, in the European markets, we will see a England dominated session, with their Jobs report on the line. 0930 GMT will roll out the Claimant Count Change (Unemployment Claims), Average Earnings Index, and Unemployment rate. Look for a small increase on the unemployment rate and Claimant Counts.
England has one more item at 1030 GMT, which is a report on Inflation, provided by the Bank of England.
Europe has a number on Industrial Production around 1000 GMT.
Hey there! How did the trading go folks? Making any serious money??? In forex news, oil takes a small dip to reach $113 even despite the russia-georgia debacle, and the cheesesteak kings at the Philadelphia Fed see beyond the cheese wiz and fried onions and state that the economy is going to slow down even more then their previous forecast. We also got news on how the Banking industry lost a half a trillion dollars in bad mortgage paper due to the subprime mortgage crisis!
And how did the US Market do?
The Trade Balance session did pretty good, with Canada coming in at 5.8 Billion and the United States having a decline of -56.8 Billion, but not as bad as the forecast of -61.8 Billion.
the Investor Business Daily also came out ahead with 42.8 over forecast’s 38.5.
The Asian Forex Market Session is jam packed with news events today, times in GMT:
0015: Reserve Bank of Australia Assistant Governor Doctor Philip Lowe speaks in a finance related forum in Sydney.
0050: Japan will release a trio of reports, two being Gross Domestic Product, preliminary quarterly, and preliminary price index. Also the Current Account numbers will be released as well.
0130: In Australia, the Westpac Melbourne Institute releases the Monthly Consumer Sentiment statement.
0230: Australia will also release their wage price index.
See you in the European Market Session! TRADE ON!!!
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!
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
And here is today’s european forex market session news: All times in GMT.
0745: Frances Consumer Price Index Monthlies. look for -.2%.
0930: We have a trio of reports coming from England. wow, seems like england loves to pair up their news events in twos or threes as of lately! heh
We start with the Core Commodities Consumer Price Index, then the regular Consumer Price Index, and then we finalize the market session with the Department for Communities and Local Government’s House Price Index.
Have a great trading session and see you in the US and Canada Market session!
Good morning and welcome to another week of forex trading in the european market. We are recovering from a crazy news weekend, with infighting with Russia and Georgia in Ossetia, to the Stellar spectacle at Beijing for the Opening Ceremonies for the Olympics. Also we have noticed a great decline in the euro, which means a surge for the dollar, and with lessening demand on oil, the Crude price has dropped significantly.
Let’s get right over to the news. All times released in GMT.
0700: Germany will release a wholesale price index. We will look for the number .5%.
0745: French Industrial Production.
0900: England will have a trio of market news events that will occur. We will see the Product Price index Input, Product Price Index Output, and Their Trade Balance.
Good morning and welcome to another trading day. Conflicts in Georgia, and The olympics got to a great start were the big international moodsetters this weekend, but this week will be a blast for the fellow forex trader!
Let’s post the Majors, and this morning’s news events: All times are in GMT.
0230: Reserve Bank of Australia will release a statement on the current monetary policy, a heavy hitter to start your day in the right foot! lol
0700: Japan will release their Per annum Machine tool Orders. last month’s yearly comparison was -2.5%
THE Majors!
EUR/USD: 1.4949
USD/JPY: 110.07
GBP/USD: 1.9152
USD/CHF: 1.0827
Quick opinion segment: Wow, amazing how them speculators on oil are now getting their asses handed to them! You bid up oil and make your oil buddies rich, but realize the supply-cost / demand cycle always bites you in the ass in the end!!! Nobody is buying the bullshit, and commodity prices are going to collapse big time! And the dollar is recovering nicely too!!!
is the recession nearing the end? Who knows!!! I know the housing market has some time to recover, I would say at least a year or two more until we are back to normal.
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Filed under: Asian Open/North American Close News, Asian Wrap Cap/ European Open News by Thomas Howell