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!!!!
Good morning, and welcome to tuesday’s Forex Session! Another fine day chock full of opportunities exist for those who want to make some cold hard cash with currency trading.
Let’s start with the european market…
Europe: Germany sometime today will release the Preliminary Consumer Price Index, which is expected to be .5%. Switzerland will release a consumption indicator.
England will have a trio of events, two of them for their mortgage report. The mortgage report consists of reading last month’s mortgage approvals, and then Net Individual loan numbers. Then the CBI will release their Distributive Trades Realized statement.
In America, we will see Standard and Poors with their Housing Price Index, which covers the changes in house products in 20 metropolitan areas. Then we will see the Consumer Confidence Index.
Capping today’s news, in the Asian Market, Japan will have their Preliminary Industrial Production Monthlies, and Australia will have Monthly Building Approvals.
There is the news! TRADE ON!!!! MAKE SOME PIPS!
Tell me your success stories in trading forex! I do like to hear them! And also questions on comments as well! I had a trader ask me about Gas Prices, and I gave my two cents on the issue! Keep throwing them at me!
Have a great trading session!
Tom Howell
GoForexTrade.com
Hello, and welcome to another awesome Forex Market Week! Are you ready to make some good pips this week? Let’s get into the news from Asia’s market, and then talk about the rest of the day.
For starters, Oil is just a bit over $123 at writing.
New Zealand has released their trade balance, which was at a deficit at -.22 Billion, but surpassed consensus’s bid at -.4 Billion. Way to go!
Australia had a couple of items on the list for yesterday, first being some words spoken from Reserve Bank Assistant Governor Dr. Guy Debelle. The podium piece was at a conventon about debt, something some of us for sure know first hand!
The second item that was on the docket was the National Australian Bank’s Quarterly Business Confidence has dropped to twice it’s previous number at -8.
Going into the European Market, we have German Consumer Confidence, which is coming in at a decline at 2.1 previously at 3.6.
The Us Market is just about quiet, but we will be expecting some word from Federal Open Market Committee member Frederic Mishkin.
The Asian Market Session later on will be the busy one here, starting with New Zealand’s Monthly Building Consents, (These are Building Permits actually, to eliminate Confusion.)
Japan has a trio of events happening. Starting with overall household spending over last year in comparison. Also look for Retail Sales, and the Unemployment Rate.
Australia comes on the map to close out the news with the Leading Index Monthlies.
Let’s get to the news and then get to the weekend!!!
In Europe…
Germany will release numbers from their Import Price Index. This is a monthly index. At the time of writing, this number was already released at 1.5%, over the consensus of 1.0%.
In about an hour from now, we are looking at the M3 Money Supply.
England has a couple of news items as well…
The Gross Domestic Product, which is a heavy hitter and we will see the Preliminary Quarterly Gross Domestic Product this morning. Then one more quarterly index with Services.
United States…
Big Hitters today with the Durable Goods and the Core Orders for Durable Goods Orders. We will also see numbers from New Home Sales, another big hitter, and Consumer Sentiment and Inflation Expectations numbers from the University of Michigan.
Oil: Crude managed to slip up a bit at $125.89, from yesterday’s $124.00.
Have an awesome weekend folks and remember to TRADE ON!!!!
Good morning and welcome to another busy, fun filled day in the Forex Markets!
Europe has a ton of news today and yes, about 80% of the news will be Purchasing Managers Indexes.
Look for Purchasing Managers Indexes, both on the Service and Manufacturing End From France around 800 GMT, then 30 minutes later in Germany, and at 900 GMT for Europe’s total PMI.
Around 900 GMT, we will get a number from Germany’s Information and Forschung Index, for Business Climates and Business Expectations. Then Europe’s Current Account will be released, expect the magic number to be -.5 Billion.
930 GMT will see numbers from England’s Retail Sales Month to Month.
The US market will see a few heavy hitters at 830 am EDT, starting with Unemployment Claims. We are looking at a slight increase in claims. Fast forward to 1000 am EDT, we will get to see numbers for Existing Home Sales, a speech from New York State FOMC Member Tim Geithner, and Natural Gas Storage, which the consensus is looking at 83 Billion Cubes.
England will have a word or two from Monetary Policy Committee Member Richard Bean around the Close of the London Market.
Japan has the news for the Asian Market Session, with Tokyo’s very own Consumer Price Index Annuals, and then a Consumer Price Index Annual for the Whole Country of Japan. Then wait 20 minutes and the Corporate Services Price Index will be public.
There is the news to look out for today. Wish you the best of luck and make another fine day of trading happen!!!!
TRADE ON!!!
Thomas Howell
GoForexTrade.com
P.S. Please check out my other blog, which we started earlier this week. http://www.iliveinsuccess.com is the new blog and I am very hopeful that you will like the content. We don’t talk much about forex in there, but what we talk about, is other fine money making opportunities and lifestyle quality modifications. So if you want a blog that challenges you and makes you want to aim for higher, please check out www.iliveinsuccess.com
Good morning and welcome to another trading day! Are you making some serious pips out there? If you are great! If you are not at the time, just keep persistant and keep on educating yourself, you will get there in due time!!!
over the last couple of days I have received a few comments from loyal site visitors who expressed their experiences here at GoForexTrade.com. I do greatly thank you for the input and keep the comments coming! And again, thank you for visiting my site!!!
How about we get to some news on the Forex front, shall we?
Today will be a busy day and and we are looking at some heavy hitters. First, France will have numbers on Consumer Spending. This is compared on a month to month basis.
Italy will have the numbers for retail sales. This is also a monthly index which shows the fluctuation in retail purchasing.
England will have a few news reports coming out this morning around a couple hours from now. One of the heavy hitters we will mention is the Meeting Minutes from the Monetary Policy Committee. The minutes have a huge importance because it could mean a change in interest rate, banking regulations or another major issue in banking. At the same time, the British Bank Association will have their number for Mortgage Approvals.
Europe will then release their Industrial New Orders then England will cap out the European Market News with the Confederation of British Industrie’s Industrial Trends Orders.
In the US Market, we have a couple of heavy hitters to talk about. Canada first off, will release Their Core Commodity Consumer Price Index, then their regular Consumer Price Index.
The USA will then post Crude Oil Inventories. This will slightly affect the dollar compared to crude oil prices. Expect this one to be a bit high on inventories, which might drop the price of crude even lower! Maybe we can drive the SUV once again eh?
Then the US has this so called “Beige Book.” What is the deal with this? Well, the Beige Book is a compilation of data of the economic status and situations of the 12 Fed Districts in the US. This is usually done about a couple of weeks before Bernanke and the Boys get together over a few drinks, a couple of testimonies to congress and such, and determine if there is a need a for a change in bank rate.
For the Asian Market, We have a big bad heavy hitter in New Zealand with the Cash Rates being unveiled in Auckland around market open. Expectation is to keep the rate at it’s current level of 8.25%. Expect a statement shortly thereafter by the Monetary Policy Committees.
And in Japan, look for their Trade Balance to be released!
Again, to my fellow traders in the Forex Market, and also site visitors who are just visiting to see us..
THANK YOU FOR YOUR PATRONAGE!!!!
Let’s talk about today’s trading news, shall we?
First, we will see Switzerland’s Trade Balance. The magic number is 1.62 Billion. To Conclude the European major news, we will see words from Bank of England’s Mervyn King along with Sir John Gieve, which he will be speaking to the Parliament’s Treasury Committee in London about banking reform.
In the US Market, we will see Treasury Secretary Henry Paulson at the New York Public Library speaking about reforms in the banking industry.
Also, we will hear words from Fed Member Plosser, speaking not about the cheesesteak index of course (Philadelphia Fed Governor Plosser we are speaking about here), but rather we will hear words at a Philadelphia Business Journal Luncheon. Philadelphia Business Journal, is a prominent local Philly newspaper that deals with all things business.
We will also get numbers later for the House Price Index Monthlies and Richmond Manufacturing Index.
Canada will release their Core and Regular Retail Sales this morning.
Later on when the Asian session opens up, Australia will release their Consumer Price Index, ad Trimmed Mean Consumer Price Index. The “Trimmed Mean” means that this CPI will exclude some of the most volatile items and commodities.
Good morning and welcome to the trading week! Monday is a very quiet day obviously, so we are going to use just one post to cover everything here instead of spreading ourselves thin. We would rather have blog posts that are full of information and engaging, instead of having a small blog post for quiet days like today.
The three BIG events we will have today in the Forex Market:
1815 GMT
Switzerland will release their Product Price Index.
1500 GMT
United States - Leading Index
0050 GMT 7/22/08
Japan will release the All Industries Activity Index Monthlies.
Yeah, it is going to be a quiet one for sure, but maybe you should take this opportunity and take a look at a new site we have just unveiled. Well, ok, not really that new, but it is a cool site that I revamped and reincarnated as a blog site.
ILiveInSuccess.com is the site, and we will have alot of non-forex things, from weight loss, to the semi-soon-to-be-famous Ferraris of the week, and product reviews to make life more fun and productive, not to mention more predictive sales incomes???
Good morning and welcome to another day of trading! Overnight, we seen Crude Oil take a small hike to a tad over $130 per barrel. Does this signify that this sellout of the Crude was only a profit taking session born on notice of the US relieving drilling bans, or is this just a slight buying session by scalp traders with large contracts? The session should test our theories and show us the true direction by the end of the US market.
So let’s go over the asian market shall we? It was only a few major news report through the session…
In Australia, The Import Price Index Quarterly failed to impress at 1.4%, under the consensus of 2.1%
The meeting of the Bank of Japan’s Monetary Policy Meeting Minutes resembles a similar tune to many monetary committees throughout the globe: Slowing economy, slowing consumption, Rising Energy Prices, and Inflation Fears. Another mention about the situation is, that Bonds have felt the pessimism and dropped along with the optimism. BOJ governor Masaaki Shirakawa has repeated the tone and warned about inflation and slowing growth on the Economy.
Ok, Time for the news in the European Market Session:
We are looking around 600 GMT for Germany’s Producer Price Index Monthlies.
Around 800 GMT a trio of English reports will come out. First we will hear Monetary Policy Committee Member Sir Johnathan Gieve. then at 830 GMT, we will hear both the M4 Money Supply and Public Sector Net Borrowing, a fairly light impact news item.
To cap off the European Market News, The Eurozone-13 will release their numbers for Trade Balance!
See you for the US Market Open. There will only be two items on the news, and it’s O Canada on this one!
Good morning and welcome to another trading day! Rejoicing after the sharp decline of Crude Oil? is the big oil suppliers shaking in their boots? Is the overall world economy going to improve! What to do! What to do!
Let’s cover some news from the Asian News Session and some from the US one as well!
United States:
Crude Oil Watch: $134.90 a Barrel on the Electronically trading New York Mercantile Exchange!
National Home Builders Association’s housing Market Index has decreased from 18 to 16.
The Federal Open Market Committee Minutes were primarily composed about all things interest rates. A few members of the FOMC are in full support of increasing interest rates, to stem off inflation worries. Also in the report, was their expectation of inflation reaching a moderation point sometime next year.
This morning, in the European Market Session, we are looking at only a couple reports and a very busy day in the US market. around 800 GMT, we will have numbers from Italy pertaining to Trade Balance, and Switzerland will have ZEW (way too long to pronounce, lol!) Expectations at 900 GMT.
I have at least ten releases to talk about in the US Market session later on today.
Have a good one and TRADE ON!!!
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Filed under: Asian Open/North American Close News, Asian Wrap Cap/ European Open News, Europe Wrap Cap/North American Midday News, North Amercian Open/Europe Midday News by Thomas Howell