London and Europe for May 12 2009

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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, Housing Price Index annuals and industrial Production monthlies. Manufacturing Production is a heavy hitter to watch closely.

EUROPE CALENDAR (IN GMT):
6:00 - Germany will release their Consumer Price Index and Wholesale Price Index.

LATE MARKET STRAGGLERS:
9:30 - Australia: Annual Budget Release: Trading and paying attention to the Aussie? Have a look on their budget as it will dictate their monetary situation and national debts versus surpluses.
15:00 - BundesBank President Axel Weber has some words to say in Munich at this time.
23:00 - NIESR Gross Domestic Product Estimate

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Japan and Europe - lending up but everything else down

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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 quite reach consortium as well either, hitting 1.7% instead of the prescribed 1.8%. The Economic Watchers Sentiment came out actually at 21, over 20.

In The US we will have some word from FOMC member kroszner, holding an unusual late night meeting.

Europe has some numbers from Sentix and investor confidence, German Industrial Product, and then two speeches from Europe Central Bank President Trichet.

England will release input and output product price indexes, and will have housing prices and retail sales on for the late night tea.

Charts and analysis coming later….

Trade On!

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

Europe Forex Market Session August 20th 2008 Goforextrade.com

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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 Money Supply, Public Sector Net Borrowing, and CBI Industrial Trend Orders. Which all will happen around 0930 GMT this session.

Japan slightly dropped to -.9 for their all industries activity index. Australia’s Westpac Melbourne Institute shows a .1% in the leading index.

Have a great day and TRADE ON!!!!

European Forex Market August 19th 2008 GoForexTrade.com

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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
USDCHF: 1.0993

What is the news on the european front today?
So far, we are waiting for the German and European ZEW Economic Sentiment. We are looking for -62 and -65 respectively. We already have the numbers for Germany’s Product Price index, which wound up 2.0%

Have a great trading session, and of quick note, the Forex Brotherhood, which I have talked about a few times already, is being launched today at 6pm Chicago time. Which it would be 0000 GMT For Wednesday morning! An exclusive community with a plethora of incentives awaits for the limited memberships available! To check out the Forex Brotherhood, Click Here!

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

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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 Brotherhood. It is a new Forex Trading Community, nothing like you have ever seen before in the Forex game. Two daily webinar broadcasts, an exclusive forum, and software solutions that could possibly give you the needed edge in your trading game. Check Out Jason Alan Jankovsky’s Forex Brotherhood By Clicking Here

From Europe’s Market:
The House Price Index from Rightmove has declined to -2.3% from previous numbers. Rightmove is kinda similar to the REALTOR Real Estate Agent organization.

Switzerland’s Retail Sales have actually upturned 4.7%, well over the 3.2% expectation, Great Job!

We are still waiting for the Trade Balance numbers from the Eurozone, but let’s see what the majors are doing as well as crude oil!

Crude Oil has slightly surged to $114.33 on New York’s Mercantile EXchange electronic trading.

M A J O R S:
EURUSD 1.4723
USDJPY 110.17
GBPUSD 1.8660
USDCHF 1.0957

And for the US Market today, we are looking for numbers from Canada’s Foreign Securities Purchases, which will cover stocks bonds, and equities that are purchsing outside of Canada’s borders. Then the United States will have the National Association of Home Builders release a Housing Market Index.

That is all the news until the Asian Forex Market Session. TRADE ON!!!

Thomas Howell
goforextrade.com

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