London and Europe for May 12 2009

PREVIOUS EVENTS: Home loans in Australia have increased to 4.9% over a paltry 1.2% from last month. This is even over the 4.5% forecast. Ok so the economy is not messing everybody’s credit up! Ok, I spose. Japan is getting their news on Leading Indicators very shortly. LONDON CALENDAR (IN GMT): 8:30 – Trade Balance, [...]

Japan and Europe – lending up but everything else down

Coming from the japanese news session, we can report that the Bank Lending from previous year has improved 3.2%. Quite shocking as compared to last year! But unfortunately, what comes up, must come down. Current Account was marked down at 1.11 Trillion, which was down from the 1.16 forecast, and the M2 Money stock didn’t [...]

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

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. [...]

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

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 [...]

AIG Escapes the worst, Fed Reserve Refuses Rate Cut

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 [...]

So The Dow Tanks, and Lehman Brothers Collapse!

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 [...]

Well, Well Well, I am Back!

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 [...]

Europe Forex Market Session August 20th 2008 Goforextrade.com

Here is the news for the European Forex Market Session For August 20th 2008. Crude Oil: New York Mercantile Index has the barrel at $115.04. MAJORS EURUSD: 1.4746 GBPUSD: 1.8621 USDJPY: 110.04 USDCHF: 1.0945 England today has four currency trading reports for Today. We are looking for numbers for the Monetary Policy Committee, the M4 [...]

European Forex Market August 19th 2008 GoForexTrade.com

Good morning and welcome to another trading day! Oil has shortly declined to just under $112, and The Bank of Japan decided to keep their rate for .50%. Australia’s Reserve Bank Meeting minutes were not too optimistic in terms of long term growth and easing in monetary policy. MAJORS: EURUSD: 1.4656 GBPUSD: 1.8564 USDJPY: 109.90 [...]

US/Europe Market Session August 18th 2008 GoForexTrade.com

Good morning and welcome to another week of great forex trading. This week we will see a few great things happen. Purchasing Manager Numbers, unemployment claims, and other heavy hitting currency shifting news items are expected to rear themselves to the world. Also, on Tuesday, we are celebrating the launch of Jason Alan Jankovsky’s Forex [...]