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Another day, another us dollar. Looks like we are headed for a mixed day in the US markets with the majority of the news items already being released. Let’s tell you about them!!!

In the US, building permits at .94 Million fell just short of the expectations which was set a .98 Million. Housing Starts were right on the dime with .97 Million. Both Product Price Indexes were in positive territory, and we are still waiting for FOMC’s Fisher to speak.

Canada’s wholesale sales are up 2% as of this morning.

This is a short report for this morning, but we will have more on the Asian Market Report later on today. Remember, 7PM Easter Time (6pm Chicago Time), we are going to see the newest exclusive Forex Community, The Forex Brotherhood with Jason Alan Jankovsky open its doors to a limited amount of seats. Get your foot in the door with this opportunity! Click Here!

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

Good morning and welcome to another day of trading. We have some reports from the US market already, and oil is at the same price.

The European Market from earlier recapped here!
England’s job report, as expected was all in the red. The claimant count change was at 20.1K over 17.5K. The Average earnings index who didn’t make the forecast either, and the unemployment rate went up to 5.4%.

Europe’s industrial product sagged, but is dead even at 0.0%.

MAJORS:
EUR/USD: 1.4895
USD/JPY: 108.63
GBP/USD: 1.8726
USD/CHF: 1.0872

And here is what happened so far, and what we are still waiting for:

All USD:
Core Retail Sales: .4%, but just under a .5% forecast expectation.
Retail Sales: -0.1%
Import Price: up 1.7% the only positive news so far.

We are still waiting for the Business Inventories Monthlies, and Crude Oil Inventories, which will be released around 1500 GMT/ 10:00am EDT.

Have a great day and TRADE ON!!!!

Thomas Howell
goforextrade.com

Good morning and welcome to the North American Forex Market Session. are you ready to make some cold hard pips today?

Oil is taking the usual decline, and the euro is getting a big ass kicking. We were expecting this especially in the recent decline in energy commodities and the lowering energy demands of oil consuming countries like the United States.

So how is the european marketing doing? Lets find out, shall we?

in France, we had their consumer price index released and we found out that this index has declined .2%, which was right on forecast.

England had a few news reports as well. the DCLG House Price Index has declined .6%, well under the +1.5% consensus. Their Core Consumer Price Index was up 1.9%, while the regular Consumer Price Index arrived at 4.4%. The retail price index has increased 5.0% too! so there was good news in good ol england!

MAJORS:
EUR/USD: 1.4893
GBP/USD: 1.9015
USD/JPY: 110.16
USD/CHF: 1.0896

Crude oil is still lagging around the $113 pricepoint.

US/Canada Market News:

Today, around 8:30am EDT/1330 GMT, both the United States and Canada will release their own Trade Balance statements, both expecting to be heavy hitters of course!

Also look out for the investors Business Daily Economic Optimism report to come out shortly for the US Market!

Have a great day and TRADE ON!!!
Thomas Howell
goforextrade.com

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

Good morning and welcome to another Forex Trading Session! Are you ready to make some serious pips? Are you recovering from the raucous European Market Session, with two bank rate statements which should be read shortly, and of course the oncoming US Market Session: Let’s roll out the pippage shall we?

Crude Oil is shooting up a bit towards the $120 pricepoint, currently sitting just under it at $119.89.

This is how the European Market Performed Newswise so far!
German Trade Balance did fine with an 18.1 Billion Surplus, France did not so well with a 5.6 Billion Deficit with their Trade Balance Reading.

WE finally received the numbers on the Halifax House Price Index from England and note a 1.7% decline in house prices.

Industrial Production was a big one in Europe as well, as Germany and Italy had numbers to release. Germany reported only a .2% increase where the forecast was slated for .8%. Italy, only increased by .1%, but the consensus was looking for .2%.

As we are still waiting for the European Central Bank’s and the Bank of England’s Rate Decision, we will let you know what is up when we get the announcements.

MAJORS:
EUR/USD: 1.5466
GBP/USD: 1.9507
USD/JPY: 109.47
USD/CHF: 1.0561

So, without further adieu, here is the news on the US & Canada Markets:
First, Canada will have a number on Building Permit fluctuations from previous month. This will happen around 1330 GMT/8:30A EDT. At the same time, we should expect news on the ECB Bank Rates, and the unemployment claims should be released in the US.

1500 GMT/10:00A EDT We will see another heavy hitter, Pending Home Sales. Recalling from my real estate agent days, this means the period from when you place and offer on a home, it gets accepted by the selling party, goes to conveyancing, and ends when you hit the settlement table and exchange cash and paper for a set of home keys.

1535 GMT/10:35A EDT Natural Gas Storage for the US. Look for 60 Billion cubes from the consensus.

2000 GMT/3:00P EDT Consumer Credit monthlies for the US.

Stay tuned and make some serious pips folks! Pay attention to europe and also the US pending home sales, as these will flip the EUR/USD one way or the other.

TRADE ON!!!
Thomas Howell
GoForexTrade.com

Getting ready for another week of crazy trading? This week will be the busy one, for those who love to trade with news, or any method that is! Even the Automated Expert Advisors will be overloading the math a tad as we have a crazy week ahead! Third World Debacles, to Hurricanes and Wild storms, and oil fires will top the big hitters this week.

Australia will have a big week with their Rate statement and the United States will have some big news including a possible change in interest rate as well! Stay tuned as we will keep you informed!

Before we cover the US Market, let’s see what europe has done so far…

Switzerland has aced the AVME PMI’s with a 54.1 over the forecast of 53.4.

Europe’s Sentix Investor Confidence had faltered at -15.3, past the forecast prediction of -10. England Construction Purchasing Manager’s Index also dwindled below forecast at 36.7, under the 37.6 forecast.

Europe’s Product Price Index Monthlies, have slightly improved over the .8 forecast at .9.

Crude Oil: Crude has fallen over a couple dollars down to $124.94 from over $126.10 in overnight trading.

THE MAJORS:
EUR/USD: 1.5572
GBP/USD: 1.9673
USD/CHF: 1.0483
USD/JPY: 108.01

For the US/Canada news day starts here, in GMT/EDT! Canada is getting an extended weekend with having today off! They are having a Civic holiday!

1230/7:30AM: United States will have the job cuts information from Challenger, Gray, and Christmas,.

1330/8:30AM: The US will have a trio of reports at this time, starting with Core Personal Consumption Expenditures. This covers everything, from gadgets and gizmos, to clothes, toys, cars, and everything else with the exception of energy costs and food costs.

The other two reports coming out at this time will be Personal Spending and Personal Income.

then…
1500/10:00AM: US: Monthly Factory orders

TRADE ON!!!
Thomas Howell
GoForexTrade.com!

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

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