Welcome to your european news session report. From the asian session… Crude Oil remains pretty much unchanged throughout the asian session despite the conflicts in georgia. Main pipelines to the province have been shut down for protective measures and protect commodity prices.

MAJORS:
EUR/USD: 1.4929
GBP/USD: 1.8981
USD/JPY: 108.74
USD/CHF: 1.0841

Japan’s trio of news events have been mixed. The Preliminary Gross Domestic Product, had came in exactly on the nose with expectations, but the GDP price index failed to impress at -1.6, falling just short of -1.5. we can report that the current account has done a great job at 1.29 Trillion to the good.

In Australia, Westpac Melbourne Institute announced 9.1% on their consumer sentiment survey, and the Wage price index went in the green to the tune of 1.2%.

Tonight, in the European markets, we will see a England dominated session, with their Jobs report on the line. 0930 GMT will roll out the Claimant Count Change (Unemployment Claims), Average Earnings Index, and Unemployment rate. Look for a small increase on the unemployment rate and Claimant Counts.

England has one more item at 1030 GMT, which is a report on Inflation, provided by the Bank of England.

Europe has a number on Industrial Production around 1000 GMT.

Have a good one, and remember to TRADE ON!!!!

Thomas Howell
goforextrade.com

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Good morning/evening, etc, and welcome to another trading day in europe!!!

Let’s cover the crude and majors real quick before we talk about the newstuffs in the european markets!

Crude oil is still taking a slide and as of the europe market open, we see Oil at the price of $113.56. Keep droppin’ them oil prices now!

MAJORS:
EUR/USD: 1.4830
USD/JPY: 110.16
GBP/USD: 1.8976
USD/CHF: 1.0915

And here is today’s european forex market session news: All times in GMT.

0745: Frances Consumer Price Index Monthlies. look for -.2%.

0930: We have a trio of reports coming from England. wow, seems like england loves to pair up their news events in twos or threes as of lately! heh

We start with the Core Commodities Consumer Price Index, then the regular Consumer Price Index, and then we finalize the market session with the Department for Communities and Local Government’s House Price Index.

Have a great trading session and see you in the US and Canada Market session!

TRADE ON!!!
Thomas Howell
goforextrade.com

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Good morning and welcome to another fine day in Trading Forex. Looks like the Turkish oil pipe issue didn’t affect the NYMEX numbers for long. The barrel price for Crude Oil is now back around $118.

We also have the numbers from Japan’s Economy Watcher’s Current Index, which came back at 29.3.

MAJORS:
EUR/USD: 1.5167
GBP/USD: 1.9290
USD/JPY: 109.92
USD/CHF: 1.0729

Well, in the european and us/canada markets, we are expecting a couple of heavy hitters before the weekend approaches, and we will start with Switzerland’s Unemployment rate, which came back at 2.5%, right on target with the speculators.

Europe’s news was France’s Government Budget Balance, which is at a deficit of -32 Billion Euros. Also we got the numbers for the Italian Preliminary Gross Domestic Product, which was -.3%.

All we have left now, is five crucial numbers from the US Market until the weekend, so let’s spill them out here!

1200 GMT/7:00am EDT: Canada’s Jobs report, containing the Employment Changes and Unemployment Rate.

1330 GMT/8:30am EDT: THe US’s jobs numbers are coming out as well. Earlier this week we saw the unemployment claims, but today we will get Preliminary Nonfarm Productivity, and preliminary Unit Labor Costs.

1500 GMT/10:00am EDT: United States will cap the trading week with Wholesale Inventories!!!

AND THEN COMES THE WEEKEND!!!!! YAY!

Folks, have an awesome weekend, and have a fun time! I’ll see you back here Sunday for the Asian Market Open, and Maybe for a product review???

TRADE ON!!!
Thomas Howell
GoForexTrade.com

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Good morning and welcome to another day of forex trading. For the news trader today, or the person who loves financial news as much as I do! There is just a hideous outpouring of different news items today, from jobs reports to home sales, and Bank rate numbers and such!

From the asian market session, we can report that Japan’s Core Machinery Orders for June have fallen 2.6%, but not as bad as the markets predicted.

Australia’s Purchasing Managers Index for Construction was rated at 41.6.

We also had Australia’s jobs report as well, with an employment change of 10,900 jobs being added to the aussie economy, but the unemployment rate remaining the same at 4.3%.

WE can report also that Crude Oil has taken up a bit to around $119.

MAJORS:
EUR/USD: 1.5461
GBP/USD: 1.9493
USD/JPY: 109.44
USD/CHF: 1.0562

And here is the news for the European Market Session, noted in GMT:

0700 and 0745, the German and French Trade Balances at time of writing were already released and we can say that the German Trade Balance is 18.1 Billion Euros in surplus, and the French Trade Balance is at a 5.6 Billion Euro Deficit.

0900 GMT will produce two news releases. Firstly, the EU’s Italian Industrial Production Monthlies, which is forecasted for a .2% gain. Meanwhile in England we are looking at the Halifax Housing Price Index, which will see a 1.5% decrease in the forecast.

1100 GMT We will get the German Industrial Production which is seeing a forecast of .8% up.

Somewhere in the market session we will also get word on any fluctuation on the English Bank Rates as the Monetary Policy Committee will release their opinion and decision on rate changes if any.

Europe will then at 1245 GMT, release THEIR rate decision and have a press conference shortly thereafter discussing any fluctuations in policy or rates.

And this will cover the insane as heck European Trading Session. Have a fun day, make some mad pips and of course….
TRADE ON!!!

Thomas Howell
GoForexTrade.com

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First of all, I would like to apologize for reporting thursday’s news instead of wednesday’s news for the Asian Market report. I apologize, and promise that it will never happen again!!!

Let’s get the asian market news!!!
England had a late night tea session around 0000 GMT last night, for NIESR gross Domestic Product and Nationwide Consumer Confidence. The NIESR GDP came in around .1% and the Nationwide Consumer Confidence, had sank down to 51, well under the 59 number for forecast and last month’s 62.

Australia had one news item with Monthly Home Loan Levels. The level had declined -3.7% due to the decrease in banks having credit readily available to loan out. Japan’s Leading Economic Index is at 91.2%.

Crude Oil is sticking around the $118 per barrel price point in asian market session trading.

MAJORS:
EUR/USD: 1.5502
GBP/USD: 1.9566
USD/JPY: 108.25
USD/CHF: 1.0511

The European Forex Market News to look out for. In GMT!

1030: the British Retail Consortium will have their yearly shop price index.
1100: Europe will have German Factory Order Monthlies.

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Good morning and welcome to another trading session.

Oil News: Crude is dropping not at the rate of Bear Stearns but close to it. Oil is right now dropping another $1.33 down to $120.08.

Outgoing Asian Market News:
AUSTRALIAN BANK RATE NEWS!!! As of right now, we just got word that the Reserve Bank of Australia will keep the rates at 7.25% for right now. Do not forget the Us has a rate decision also later on today!

Australia also has a Services PMI that was released at 42.8 compared to the previous 45.4.

ANZ Commodity prices also finally showed up as well. Commodity prices were up 1.8% over the previous month!

MAJORS:
EUR/USD: 1.5533
USD/JPY: 107.91
GBP/USD: 1.9567
USD/CHF: 1.0509
Here is the European News for today:

We are still waiting for the Halifax House Price Index.
All times in GMT:

0900 and 0930: Europe and England are releasing their purchasing managers index in the services sector

also at 0930: England has numbers coming out for the Industrial Production and Manufacturing Production.

1000: caps off the european major news with Europe’s Retail Sales Monthlies!

See you in the US market!!!!
TRADE ON!

Thomas Howell
GoForexTrade.com

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Today we have a few issues with the european forex market. First, let’s cover the news from the asian market session!!!

*Note, we are still waiting for the ANZ commodity price index numbers and we will get them to you as we receive them.

New Zealand released their Labor Cost Index and as predicted, the actual forecast was at 8%.

Japan released numbers on the Annual monetary base. We have learned that there was a decline of -.7%.

Australia came out with some positive news to sum up Asian market trading for their session. The House Price Index actually didn’t decrease as bad as many have expected. Instead of the expected -1.1% we are relieved to see only a decline of .3%

NYMEX Crude Oil Numbers: Due to worries about nuclear activities in Iran, and issues in Western Africa regarding recent oil fires, the index has increased a 1.19 to $126.29.

Here are some currency pairs at the moment:
EUR/USD: 1.5592
USD/JPY: 107.66
GBP/USD: 1.9750
USD/CHF: 1.0474

And here is the news for the European Trading Session:

0830 GMT: Switzerland returns from a three day vacation to release the Schweizerischer Verband für Materialwirtschaft und Einkauf Purchasing Managers Index, which we are looking for a number above 50. the magic number though is 53.4 for this report.

0930 GMT: Europe will see Sentix’s Investor Confidence numbers. We will be looking for -10. At the same time, England will release their Construction Purchasing Manager’s Index, which we are looking for the number 37.6

1000 GMT: Europe will then release the product price index, which monitors any fluctuation in consumer product prices. look for a number of 0.8%

Enjoy and TRADE ON!!!
Thomas Howell
GoForexTrade.com

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welcome to the homestretch of yet another great week in the adventures of Forex Currency Trading!

Today, there are more heavy hitters on deck in the news then at a home run derby. The US had their jobs report, and ISM’s, and europe has a few too!

The last one coming from Asia this Friday session, is Australis for it’s Index of Commodity Prices!

Starting with Europe, we have German Retail Sales, which are counted monthly. Europe and England Both have the heavy hitting Manufacturing end of the Purchasing Manager’s surveys today.

Switzerland, known for their banks, Fine timepieces, Teuscher Chocolates and the late Clay Reggazoni, are taking a day off, and having a three day weekend. They are having their independence day celebrations today!

NOW, the United States. Well actually, this is the rest of the day!
Right at the opening of the market, is the well, super important Jobs report. The other day we had numbers for unemployment claims at 448K, which was WAY over the 395K. This could be a day to keep your head in the sand if you are looking at the EURUSD.

So, the four horsemen of heavy hitters for the USD today are Non-farm payroll, Unemployment Rate, Average Hourly Earnings and ISM Manufacturing.

After the joy or extreme pain after the jobs report, we will look towards, construction spending, which is not sounding too joyful, heh. Then domestic Vehicle sales and ISM Manufacturing Prices will complete the day!!!

Have A Great Weekend! Have fun and TRADE ON!
Look for more reporting shortly, as promised!!!

Thomas Howell
GoForexTrade.com

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Good morning and welcome to Thursday’s trading session. Let’s start with the news.

Japan has improved the negative outlook a couple of shades in housing starts this morning.

The european market so far has seen Switzerland’s Consumer Price Index monthlies beat the consensus, but remains in negative territory at -0.4%

England has also negative numbers for their Nationwide House Price Index, which was released at -1.7%.

Europe has quite a few things going on today for them. We are still waiting for Germany’s Unemployment change numbers, Europe’s Unemployment Rate, Consumer Price Index flash estimates, and Italy’s Preliminary Consumer Price Index.

In the US market, we have a ton of news items to cover, first we have a pair of heavy hitters in Canada and the United States, releasing their Gross Domestic Product. Then the USA takes the rest of the cake with Advance GDP price index, Employment Cost Index, Unemployment Claims, Chicago’s Business Barometer, and Natural Gas Storage.

Also look for some words from Us Treasury Secretary Henry Paulson. I wonder what he will say!

Capping the Asian Market, we have pair from Australia, first being the Manufacturing end of the Purchasing Managers Indices, and We will get inflation numbers from TDMI.

SITE NEWS!!!

For the last couple of weeks, instead of posting 3-4 posts a day, I have only done one post a day. Honestly I do not like doing a one post a day, and I think it is really killing the integrity of the site.

As of next week, we will return to doing market reports for European Markets, American Markets, and Asian Markets. We will be doing three posts a day, One before Europe’s Market Open, Another Before The US’s open, and last but definitely not least, Asia’s report before Sydney’s open!!!

Thank you again, and TRADE ON!!!

Thomas Howell
GoForexTrade.com

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Good Morning and get ready for another wonderful trading session!

Europe’s market is a bit quiet, and Oil is shooting down fast! Maybe the SUV set would be more than happy to pump gas once again? Who knows!

With Europe’s Market, we are looking at Europe’s Consumer Confidence Levels and Switzerland’s Leading Index.

The American Market is a bit busier with a few items. First, we start with the ADP Nonfarm Employment Change. ADP is a third party payroll company that does the payroll for many large and small corporations and businesses in the USA.

Then another heavy bag for the US is crude oil inventories. If we can get through this reading, I know that we will have cheaper oil later on today for September delivery.

Canada will have numbers today around 8:30EDT for their Raw Materials Price Index and Industrial Product Price Index.

After a late night tea session announcing the GfK Consumer Confidence in England, We have a busy asian session in store.

First, Japan will put out there Manufacturing PMI. Their last number was 46. Later on we will see Average Cash Earnings as well.

Australia will release three things for later on: Look for Retail Sales Monthlies, Trade Balance, and Private Sector Credit Monthlies.

New Zealand tops the end of the Forex Day with Business Confidence Levels!!!!

Have an awesome day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

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