United States and Canada Market – BIG DAY!!!!

What a big day today is going to be for the US Market. Today we will know a few heavy hitters will take place. Firstly, we have the durable goods report coming very shortly, around 8:30a EDT. Two hours later, we will have Crude Oil inventories. In anticipation of the inventory numbers being released, crude [...]

US Market Session: July 16th 2008 GoForexTrade.com

Good morning! Making any serious pips on Bernanke’s Comments, or any of the other bastions of Forex News on the dollar today? Let’s cover the european session and then we will discuss the US markets. Today we had Consumer Price Index numbers read from Germany, France and the EU. Germany’s Final CPI was at .3%, [...]

US Market Session: July 15 2008 GoForexTrade.com

Good Afternoon, and welcome to another trading day! A busy day is happenining in the world of forex, with the US taking a nice share of the news. Let’s go through the rundown on the european market and go through what has happened so far in the US Market! EUROPE SESSION: England: CPI compared to [...]

Asian Market Session: July 11th 2008 GoForexTrade.com

Good afternoon and welcome to the Asian Market Session. Are you making any pips on the incline of the Euro and the Crude Oil jump? The dollar has downed a bit along with oil increasing. Primarily due to the issue with Iran playing with missiles and of course a possible fear that also the same [...]

US Market Session: July 10th 2008 GoForexTrade.com

Good morning traders! How is your day so far? Today in the US market Session, we are going to see a few heavy hitters in the news pipe today. First, we will recap the news from the European Market Session. French Industrial Production had slid 2.6%, sliding past the consensus data of -.5%. We also [...]

US Market: 7/8/08 GoForexTrade.com

Hi! How is the trading going? Despite a tough euro, the dollar just keeps fighting it’s way back! After last Thursday’s 3 cent drop of the euro, we have seen a zig zag of the currency pair since. Let’s see how well the dollar can hold up to some negative numbers in the housing sector. [...]

US Midday 6/16/2008 GoForexTrade.com

Good afternoon! How has trading been for you so far? Let me throw down a quick lunchtime report for ya! Canada’s New Motor Vehicle Sales have declined 2.6% from previous months which is a trend of decline for it’s third month. The principal cause is theorized at lower sales in the western provinces of Canada. [...]

US Market 6/16/08 GoForexTrade.com

Good morning my fellow American Traders! And to those trading in the europe session, how are ya doing? Getting some hardcore pips over there? So, for those fellow European traders… How did your trading day do so far? Well, over in the land of Helvetica, (Switzerland for the geographically challenged), Current/Previous year sales fell a [...]

US Market Open 6/12/08 GoForexTrade.com

Good morning American Forex Traders. How is everything so far? Enjoying the nice rally off of the Euro? Before we get into today’s news events, let’s quickly recap the european sessions so far… In Europe, French Final Employment Change Quarterlies came out positively at .4%. The European Central Bank has stated that with the current [...]

Mid Afternoon Update: June 9-10 GoForexTrade.com

Today, I have decided to combine the midday and the afternoon for the US market. So… What did we miss? Newswise, the United States had Pending Home Sales go up 6.3%, well over expectation of .5%. So what did Trichet, and Geithner say (condensed version)? Trichet: Do not look for a huge rate increase; Geithner: [...]