European Markets October 27th 2008 - Asian Markets Fall, but Yen Rises | Go Forex Trade

European Markets October 27th 2008 - Asian Markets Fall, but Yen Rises
October 27, 2008 by Thomas Howell /

The asian market is taking a tumble today, and the Japanese Currency is rising on the dollar. Matter in fact, a number that hasn’t been touched since 1995. A one week drop from 102.3 to 93 yen per dollar is quite a drastic drop, and the concern here, is the importing of goods to the US from Japan. The prices will eventually inflate because of this.

Crude, is completely going the other way. Taking a shot below $64 and spiraling even lower, Gas is once again becoming affordable, and it is becoming easier to look at SUV’s once again! lol not that I am going to get one anytime soon. I was checking gas prices and the Wawa (7-11 Type convenience store) has the cheap stuff for $2.25 a gallon. Amazing.

The Euro is headed below 1.25 against the dollar in overnight trading. All three major markets, and the indices are pointing in range between a 3.5-5 percent decline.

So, how are the markets looking for the european market?

A busy day only for the european market, but think about the world markets and the credit scenario when you think about the news. We have a great deal of issues that should be weighed when looking at forex news matters.

Europe (Times in GMT)
0900 - Germany IFO Business Climate
0900 - M3 Money Supplies year to year
0900 - Private Loans year to year
1355 - Jean Claude Trichet Speaks at the Perspectivas KPMG forum, in Madrid Spain.

TRADE ON!!!! Make some pips!!!

Tom Howell
GoForexTrade.com