And now to the Good: plus 410 for Dow, Oil stands at $98, Gold Gives Back Some

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Yes, seemed like today was “give back” day for the world markets. The Dow recovered a staggering 3.86 percent, a gain percentage that only previously was touched in 2002. For the blue chips, almost a full recovery from yesterday’s hellish drop, and Gold gives back nearly $50, to head down to $850.40 in asian trading. So, what is the reason for all of the sudden retrograde action on the markets?

With the news of the US Federal government looking to build a possible rescue plan for ailing banks hit hard by the mortgage crisis and a more aggressive stance on certain types of short selling, the markets compensated with a 410 point gain on the Dow and a 100 point gain on Nasdaq. The only good I see out of this, is that the American Taxpayer, will have a very small stake in each company. The thing that sucks, is despite my feelings that such companies should face the brunt of execution due to their actions. Unfortunately, if some of these companies go down, they have the utmost ability to destroy the very economic fabric of the US and throw us into a depression.

You, the forex trader will only feel any level of difference of the playing field, only because your deposit currency is the US dollar, it’s value will drop. I honestly if possibly could, use a more stable deposit currency to hold your account deposits until things improve here in the states. Just because the stock markets have issues, doesn’t mean a global forex market will not be profitable.

Oil has decided to set itself around $98 in asian trading. It will probably hold their for a while, but sense a possible selloff in the near future. Would I long oil? Only if there was more shit coming from OPEC pertaining production cuts, Middle east nuke taunting or some West African oil producing country was going to raise hell and cause the oil rigs the stop. The hurricane season so far hasn’t insanely hurt us. Maybe only the US gas indices have jumped up, as most gas companies will gouge anybody if mother nature sneezed anywhere on the map.

So what is going on in the world markets today? Not much, actually a very quiet day indeed for the majors. New Zealand has reported a 2.5% increase in credit card spending over the last year this date. and We are waiting for Germany to release their monthly Product Price Index.

Otherwise, have an awesome week, and TRADE ON!!!

Also do not forget to follow us on twitter and digg!

Thomas Howell
GoForexTrade.com

Dow Down 450, Crude shoots up to $97, Gold up $90, what else folks?

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Are we on the edge of what could be the possible financial armageddon that the analysts and doomsday maniacs are preaching? With a 450 point, 4 percent drop bringing the Blue Chips to under 11,000, it kinda makes your wonder if we are not just in recession territory, but depression territory.

With the housing market being flat out unrecoverable, the subprime mortgage crisis turning once well heeled banking and investment establishments, into penny stocks, as well as laughing stocks. When I had mentioned a few months ago, the jet set benz driving folks will be applying for welfare was a possibility, I wasn’t throwing shit up on my blog just for the hell of it.

But not only for the jet set, but also for the broad spectrum everybody will be effected one way or another. People who have money in the stock market, are probably taking their money out in hordes at this point, or shorting the crap out of whatever stocks are still in play. For those in the service sector, they will notice decreased business, and eventual cutbacks. For those in the private sector, getting clients, and maintaining business will be a bit difficult.

Enough of this doomsday shit, let’s talk about the meteoric rise on Gold. Gold today took a $90 jump to around $870, the highest jump on Gold EVER. The dollar is getting weak to other cross currencies and really, if this trend keeps up with the US screwing up on the financial end, it will only continue on this hellcoaster ride spiral downward.

Oil, yes, crude oil supplies came in short, and in short, crude rose up to $97 a barrel. I was expecting some to give back especially with a huge drop that has occurred as of recent. With the drop in long term supply demands, I think this should easily start heading back down.

So, what is going on in the forex world? plenty for today….

Japan has a few reports, a couple from the Bank of Japan on Banking in general, and Shirakawa will have a few words for sure.

The swiss will talk about their Trade Balance, along with the Libor Rate and Monetary Policy Assessment. England will also have some Monetary Policy words from Dale, and talk about Net Borrowing from the Public Sector and M4 Money Supplies. Last but not least Retail sales will be covered from previous month.

Canada will have Wholesale transactions and their Leading Index up for bat in their market today. The United states will release Unemployment claims, Philadelphia’s Fed department will release Manufacturing Numbers. CB Leading index and Natural Gas Storage will be read aloud also.

And for the Asian market report, we will see the Current Account and Visitor Arrivals

Have a good trading day and do not forget to join us on Twitter and Digg!

Tom Howell
GoForexTrade.com

AIG Escapes the worst, Fed Reserve Refuses Rate Cut

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So Lehman Brothers get a small care pack from Barclays to take over some assets, while the Federal Government gives American Investment Group, better known as AIG around $85 Billion in Bridge Loans until AIG can give its assets away or get it’s shit together.

So, the dow did positive territory to the sum of 141, taking it around 11,049 in light of the somewhat positive news. Looks like the government stepping in does save people! Yesterday’s drop of 505 points scares the shit out of me and countless others, basing the ever possibility of revisiting 1929’s Depression, which would not be good at all!

Uncle Ben Bernanke and the Fed’s decided to take a tough stance and keep the interest rates still for the time being. They have though wagged their finger at the economy and have made the possibility known of altering rates if needed.

Oil had resurged a few dollars, up to around $94 a barrel, just after a nice drop out of the $100+ range.

TIC’s Long term net transactions took a staggering drop. Looking at an analyst’s expectation of 55 Billion, we haven’t even broken the ice at 6 Billion! a HUGE fucking drop if you want my opinion. That should shatter some confidence there.

Europe had a barrage of Price Indexes, ZEW Indexes, and did fairly well with all except England’s Retail Price Index, which was just slightly under the forecast.

So what is going on for today? Well let’s have a look!

Firstly, Japan does the asian market nightcap with a Bank Press Conference to discuss the recent decision on Overnight Call Rates.

England will release their jobs report along with a Monetary Policy Committee Statement from their recent meeting. Look for Claimant Change, Average Earnings numbers, and Unemployment Rate. CBI Industrial Trends to come shortly thereafter.

For Switzerland the ZEW economic expectations and Europe will put out their Trade Balance numbers.

For North America, the day will start with Canada’s Foreign Securities Purchases, then we will move onto USA matters. Today the United States will address, Current Accounts, Crude Oil Inventories, Housing Starts and Permits.

The Asian Market picks back up again with Australia’s Monthly Bulletin from the Reserve Bank, and Japan will have an Index covering Tertiary Businesses and such!

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Thomas Howell
GoForexTrade.com!

So The Dow Tanks, and Lehman Brothers Collapse!

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And AIG is the next bank at the on Deck circle for the latest in wall street bank ass handings this week. Lehman brothers couldn’t get any love from the Taxpayers or any offshore capital, so they decided to call it a game and declare bankruptcy. Gotta love it when the big boys get their ass kicked, and some tough love for being so cocky a few years ago!

And for those SUV driving fucks who got their pink slips at Wall Street, oil is starting to slide nicely, so you can afford your long term roadtrip away from your worries, and start your midlife crisies on the right note! lolz

Soon, as the gas giants get their heads out of their asses from the IKE hurricane gouging, they will soon realize that they will have to price accordingly to the quickly dropping oil. Today’s number for Crude Oil is under $92 and dropping. $45 dollars by the time Santa fills Wall Street’s stocking with coal? Let’s wait and see, as you never know what is going on.

So what is up for the Forex Day? Plenty.

Japan returns from their Aged Respect holiday to report Household Confidence.

Europe will see a barrage of reports from Germany’s Consumer Price Index and ZEW sentiment readings. Europe as a whole will have their own Consumer Price Index, and their own ZEW as well!

England will see Consumer, Housing, and Product Indexes as well. This will be an all in one sum up for the consumer confidence in spending and such. Later on, look for the Bank of England to release an Inflation letter, stating issues pertaining to your guessed it, INFLATION!!!

Canada will see Manufacturing numbers coming out, but that is the not the big cheese on the North American news blocks today. The United States has a Week’s worth of money news coming out, and we are not even talking about current events with banking and lehman brothers either.

We will have Long Term Investment Transactions numbers released, and then Henry Paulson will speak, not once, but twice today. I am sure he is booked up for the rest of the week at this point. We will also get some words from the Federal Open Market Committee, better known as FOMC. We are looking at the staunch probable of having a reduction on interest rates very shortly.

Also in the news block for the good ol’ US of America are National Association of Home Builders housing report, which we know will just fucking blow. We will also see the Federal Funds Rate as well. Do not forget the core and regular commodity Consumer Price Index. This will note if we are having any inflation worries by looking at price modifications from a couple of months ago to previous year and today.

Asia will have a quieter session then the previous european and american sessions. We will have a Leading index from Melbourne Institute (looks like they dropped the Westpac off of their name, must of been too long I spose?) Then Japan will have their Overnight Rates announced and Secretary Stevens from the Reserve Bank of Australia will take the podium and shoot some opinions.

Have a good day, and do not lose your shirts!

TRADE ON!

Thomas Howell

GoForexTrade.com
P.S. Do not forget to twitter or digg us once in a while.

Well, Well Well, I am Back!

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Batteries recharged, and thoughts well into some hardcore consideration, we are back with some reports!!!

With the declining bank scene in the US, and fire sale of crude oil happening, we are in a very exciting time. The economy of the world is having a wonderful balancing act with the powers that be shifting around in what could be, the most important, albeit historic elections ever.

But with all of the directions and possibilities, it is always the best to have a strategy in all directions, to hedge all bets and insure that you do not fall on your ass when it comes to investing, rather it be betting on a block of crackhouses, or putting a few round lots on the Dollar beating the euro. Make sure you have a plan, an advisor if you suck at investing 101, and get your emotions the heck out of it.

So, with all of this in mind, how is the market going to play out today?

First, we have to talk about Oil! Yes! The shit that powers your car, makes plastic baggies for junior’s sandwich for school lunch, and yes, powers the electricity in some homes!!

Oil reached a precedent in it’s decline, breaking below the $100 level in NYMEX electronic trading, which was touched last in April of this year. Could we see an even further decline? Well, it depends on a few things folks. Firstly, depends on if our refineries and ocean rigs get drenched and beat up by extratropical storm systems (Think Hurricanes!!!). Secondly, if West African Oil producing Countries and Third World middle eastern countries behave and don’t try to shove nukes in our security gullets. Three, OPEC likes to talk shit in terms of production raises and cuts, and the speculators just loooooove hearing that one.

Can I see Oil reaching downward even more? Yes, with the economy, and the lowering demand, why absolutely. The only concern I really have, is the westernizing of Far East Asia, and the increasing industrialization could be the only long term threat. If china uses more oil than us, we could very well see the decline slow, or head the other way.

Wall street is getting their day in the barrel (no pun intended). Those who are working in wall street are seeing more Pink Slips then stock certificates because of the recent downfalls of companies such as Merril Lynch, Bear Stearns, Lehman Brothers, and also AIG. Although other banks and government bailout programs are in the works, it cannot really help out the company in the Stock Market fire sales their stock has been seeing of recent.

So, let’s talk about today’s current events…
In the european market, we are going to see a couple reports from Switzerland regarding the Purchases of Consumer Goods. Around 0815 GMT, we will see PPI’s and Retail Sales numbers.

A bit later on, we will see European Central Bank President Jean Claude Trichet speak in Frankfurt Au Main, which is kinda like the Manhattan of Germany. Trichet will receive a Ehrenplakette, which I have no idea what the hell an Ehrenplakette is. Maybe some of our German Readers can describe in detail auf Englisch!

Canada will see numbers from New Motor Vehicle Sales, eh? Expect a level even result.

In the United States, New York will spit out the Manufacturing Index, covering manufactured Goods in the state of New York. We will get another heavy hitter with Industrial Production and Capacity Utilization Rate.

Then, all the way into the Asian Market, Australia will release some Monetary Policy news with the recent MPC meeting Minutes. Now there is some sage advice to trade the Kangaroos with!

Folks, Right now I will keep the blogs back to one report a day, but I promise to make them interesting! Thank you for visiting once again!!!

Also do me a favor and check us out at digg and twitter! Click on the following to see my pages on these sites!

Digg! and also Twitter!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

Forex Brotherhood will be open within the hour! GoForexTrade.com

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Nice title for the Asian Market Report eh? Yes, it is obvious that within the hour, the Forex Brotherhood Trading Community will be open to new members and giving those members the forex experience that they never had previously.

Jason Alan Jankovsky is the Host for the Forex Brotherhood Trading Community. Jason has well over 20 years of experience in leveraged trading transactions and has written books for Wiley and Sons Publishing on trading.

$250 is the initiation fee for the Forex Brotherhood and only $150 for each month after. Forums, one on one coaching, daily reports, two webinars a day, deskview software, and so much more are available to you once you join!!! Start the process to join the Forex Brotherhood Today!

For the Asian Market, we are looking at a stronger crude oil price or $114, after the dollar took a beating courtesy of the euro.

For the major news items for today, we are looking at two news items from Japan and one from Australia. The Bank of Japan will release their monthly report later on in the session around 0700 GMT. at 0050 GMT, Japan will have their All Industries Activity Index, which is forecasted at -.8%.

Australia’s Westpac Melbourne Institute will release their Leading Index, which will be released at 0130 GMT.

Again folks, check out the Forex Brotherhood, and I will see you in The European Market Session!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

Asia Forex Market Session August 19th 2008 GoForexTrade.com

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As the US market experienced some bad news in the financial sector, the dow jones took a 180 point dive down to 11.479. The blame was with the possibility of Fannie Mae and Freddie Mac, two secondary market financiers in the US mortgage market will need to be bailed out by the US Government.

Crude Oil is hovering around $113.10 around 0120 GMT.

MAJORS:
EURUSD 1.4681
USDJPY 110.02
GBPUSD 1.8626
USDCHF 1.0981

The US session did ok on the forex news front otherwise. The National Associations of Homebuilders reported on cue with their call for the House Index, being at 16. Canada has also performed well with the Foreign Securities Purchases, as the indicator shown 7.3 Billion over the 5.5 Billion estimate.

Tonight proves to be a big hitter for Japan as we are expecting later on, the Bank of Japan releasing their interest rate decision, I would hang around and check any Yen cross tonight as there will be some activity.

Australia will have some minutes released on the latest Reserve Bank Meeting, availble at 0230 GMT. New zealand has already released their Product Price Indexes and the Input showed 5.6% up and the Output showed 3.5%.

Remember, Tomorrow is the Forex Brotherhood Release, For More Information on joining this exclusive forex community hosted by Jason Alan Jankovsky, click here!

Asian Forex Market August 18th 2008 GoForexTrade.com

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Welcome to another week of Forex Trading. Are ready for another week of action packed trading? Let me tell you what you are looking at for this week.

Europe will have alot of Purchasing Manager surveys being released later in the week. Japan will have a bank rate decision as of Tuesday’s market session. Look for the ZEW’s from Germany and Europe and Retail Sales from many different markets will come out as well!

Today, your core focus for the Asian Forex Market, should just be focusing on the charts, learn to read the candles, and learn a bit about analysis. There is no major news releases for the asian market today, but If you want to scalp a few pips here and there, be my guest. Probably will be a still water quiet session with all pairs being sideways. Europe will have a few things going on later, but for the whole the real sizzle picks up for the next Asian Forex Session.

So, take it easy, maybe spend some time with family, and maybe check out last Friday night’s post on Forex Brotherhood. The Forex Brotherhood is a new community spearheaded by well known Forex Trader Jason Alan Jankovsky. Bringing 20 years of experience, and a plethora of services to this community, Jason will offer to forex traders a twice daily broadcasts on the market and the price actions that are involved.

Check out the Forex Brotherhood here!

Recap: All markets August 15th 2008 GoForexTrade.com

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Here is all of the news for today’s Forex Market…
MAJORS:
EURUSD: 1.4777
GBPUSD: 1.8664
USDJPY: 109.77
USDCHF: 1.0959

Crude Oil:
$114.61 per Barrel

US Market:
Core Consumer Price Index: .3%
Consumer Price Index: .8%
Unemployment Claims: 450K
Natural Gas Storage: 50 Billion Cubes

NZ Market:
Core Retail Sales: 0% even (unchanged)
Retail Sales: .9%

Asia Forex Market Session August 14th 2008

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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.

MAJORS:
EUR/USD: 1.4918
GBP/USD: 1.8671
USD/JPY: 109.18
USD/CHF: 1.0846

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!!!

Have a good day and TRADE ON!!!!

Thomas Howell
GoForexTrade.com

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