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

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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

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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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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.

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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

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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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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

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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.

Have an awesome day of trading, and TRADE ON!

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