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.

Have a good one, and TRADE ON!!!

Tom Howell
GoForexTrade.com

Follow GoForexTrade.com On Twitter!

Leave a Reply