Latest News
- New York and Canada for May 12 2009
- London and Europe for May 12 2009
- Ten Fundamental Terms in Trading Currencies and Understanding
- Forex Insurrection - Steve Lee Jones Greatest Forex Signal Software yet?
- GoForexTrade.com For Sale! $1000 OBO!!! Make Money in Forex with a nice Blog!!!!
- Survive and Prosper in the Great Depression of 2009-2012: A Step-By-Step Guide to Amassing a Fortune Trading Foreign Currencies (Paperback)
- Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) [ILLUSTRATED] (Hardcover)
- Elite Expert Trader Forex Portfolio
- Trading Games, 20×24in.
- Currency Trading and Forex 100 Success Secrets - 100 Most Asked Questions on becoming a Successful Currency Trader (Kindle Edition)
Bank rates Ben Bernanke brain toniq Construction PMI Consumer Price Index core retail sales cpi Crude Oil crude oil inventories Employment Change EURUSD forex forex killer Forex Meta forex software forex tracer forex trading software GDP Gross Domestic Product home loans Household confidence housing starts import price index industrial production industrial production monthlies Jean Claude Trichet Speaks jean trichet speaks jobs report leading index Manufacturing PMI monetary policy committee mortgage approvals Natural Gas Storage Net Lending to Individuals new motor vehicle sales PMI PPI retail sales Services PMI Trade Balance trader tech Trading Unemployment Change unemployment claims unemployment rate
Categories
- All News
- Asian Market
- Asian Open/North American Close News
- Asian Wrap Cap/ European Open News
- Breaking News
- Europe Wrap Cap/North American Midday News
- European Market
- forex backlash
- Forex Detector
- Forex Funnel
- Forex Insurrection
- forex killer
- Forex Megadroid
- Forex Raptor Reviews
- forex tracer
- Forex Tracer Reviews
- GoForexTrade.com Videos
- London Forex Rush System Reviews
- Matrix Neural Network
- News Stuffs
- North Amercian Open/Europe Midday News
- North American Market
- Personal Finance
- product reviews
- supra forex trading signal system
- The Forex Brotherhood
- Trader Tech Segment
- Uncategorized
- weekend cap
Monthly Archives
Asian Forex Market Session August 7th 2008
Posted by
Good morning and I welcome you to another trading day. Not to sound like a depressed newsline, but the news was grim for the US market, and 200+ point drop on the dow 30 didn’t make anything better. A oil pipe in Turkey blows on us, and now the Oil goes trending in an ever familiar path. Thank you, Kurdish Rebels, now our crude is at $120.02.
The Unemployment Claims for the United States, now stands at 455,000, well over the 420K forecast. Well well well, home based business anybody? Maybe you should check out my sister site, www.iliveinsuccess.com for pointers on how to start your own business!
Natural Gas Storage was lower than expected, at 56 Billion Cubes, under 60 Billion on consensus.
Well look on the bright side, Consumer Credit is up, in a tighter than thou market, and Pending Home Sales are up 5.3% Those two things are good news, but unfortunately couldn’t keep the Dow from going down.
Almost forgot! The Bank rate decisions from Europe and England. Both Central Banks decided to keep their current rates, which are respectively 4.25% and 5.00%.
MAJORS:
EUR/USD: 1.5324
USD/JPY: 109.33
GBP/USD: 1.9433
USD/CHF: 1.0611
So, what is going on for the Asian Forex Market Session? well, only one news event which is for Japan, which is the Economy Watchers Current Index at 600 GMT, which is light in currency punch power. You might as well take some time off, and look towards the US market where we will see both Canada and the United States with the rest of their Jobs Report to finish the week.
Have a quiet trading session tonight! Heck, just take tonight, and go out with buddies for a couple of cold ones, or have pizza night with the family, because tonight should be quiet.
Have a good one, and TRADE ON!!!
Thomas Howell
GoForexTrade.com
Leave a Reply