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US report: 7/2/08 GoForexTrade.com

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Hello! sleep well? are on your way to trading in some time for some massive pips?

Let’s get to some news.

Europe Central Bank President Jean Claude Trichet has spoken to a panel in Paris about Financial Policies for lending institutions. There was not a mention on Monetary Policy.

in England Construction Purchasing Managers sank to 38.8, below the 43.1 expectation and Housing Equity Withdrawals have only garnered up 5 Billion, just .4 Billion under expectation.

Back to Europe, The PPI has increased 1.2%, well over the .9% forecast and the .9% previous level.

Here is some news that has already happened….
In the US Market, a sweet and sour day indeed has happened: Challenger Job Cuts from previous year is at 46.7%.

The big bad ADP Nonfarm Employment Change had taken a hard fall on job losses with -79,000 job losses. wow!

In positive news, the Us Factory Orders have increased .6% over last month, doing well over forecast numbers of .4% compared to the previous month’s 1.3%.

Crude Oil did take a stab back and inventories were 2 Million barrels in the hole. The current price is still hovering around $142. Ole Slorer has two more days to make good on his prediction of $150! I wish him the best of luck, but prepare to fend yourself off from Millions of SUV Drivers who are just going to be angry at his words.

We will have words from Treasury Secretary Paulson and FOMC’s Mishkin in the afternoon report.

TRADE ON!!!

Europe Market Open: 7/2/08 GoForexTrade.com

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Good morning european Traders! Good Afternoon and Evening to my fellow traders in Asian Markets!!!

Results from the Asian Market:
Japan’s Monetary Base has increased .4% over same time previous year.
In Australia, Building Approvals have reached a decline of -6.5% from last month. The expected forecast was -3.3%. But in positive news, Australia’s Retail Sales have increased .7% over previous month’s sales.

Europe Market….
In Paris, ECB President Jean Claude Trichet will have some words to flow at the 5th edition of the Rencontres Financières Internationales. Look for some clues on Monetary Policy and anything else that will potentially affect the Euro and it’s competing currency crosses.

England is due for Construction Purchasing Managers numbers and then Housing Equity Withdrawals.
Then Europe will have their PPI Monthlies.

So far, that is the european market for today. The US Market promises to be a busy day. Crude Oil is at $142.30. Let’s see what the day brings!

TRADE ON!!!

Europe/British Market Open June 6th 2008 GoForexTrade.com

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Good Morning Folks! How did ya sleep this morning? I have yet to sleep, but sleep is not in my vocabulary!

So, What Happened in Asia Last Night?
Not much really, except for that one Construction PMI report from Australia. Didn’t do much but lose a bit against the EURO/AUD down to 1.6253

So what is going on for today.
In the USA, everybody is reeling about what the results might be on the Job reports. This will be one heck of an indicator if the US is headed for or already is in a recession. Canada is going to start their day early with the job and unemployment rate as well.

IN EUROPE:
The chief of the Swiss National Bank, Thomas Jordan will squak a podium piece on Central Banks. France (E-13) will talk about how much they are spending on the government level, and will release numbers on trade balance.

Will cover more on the US day before the Job reports come out.
TRADE ON!
www.GoForexTrade.com

Asian Market Open/US Wrap Cap June 5/6th 2008 GoForexTrade.com

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Good evening to the US market, and Good morning to everybody on the other side of the big pond.

So how did the North American Market fare today?
In Canada, Building permits were up 14.5%! They got a great deal of building out there and talk about Ivey. The Ivey PMI indices have a nice positive number at 62.5 over the 58.8 expectation.

So, The United States had a nice day, despite getting a few upped by the EURO. Less folks were filing unemployment claims over last month, which means with less people on the dole(sp?), the job outlook looks a bit stronger in an optimistic anticipation of Tomorrow’s job report. Natural Gas supplies are up as well, to 105Billion Cubic feet, over the previous levels of 87Billion Cubic Feet.

Also in Us news, The Retail Sector become stronger. The Dow has also punched up 200 to end at 12.604. But I tell you, the ECB really out did the dollar after Trichet expressed his opinion on raising rates to try to curtail looming inflation. Sweet Crude, also went for the joy ride as well, increasing 4 dollars on the NY Mercantile Exchange.

Oh! I almost forgot! Our cheesesteak loving, Philadelphia pretzel eating Fed Guy Charles Plosser has stated a few words about lending and risk taking.

Ok, so we got the US/Canada News out, so let’s concentrate on the Asian session, shall we?

On Tonight’s Schedule, we have Construction Purchasing Manager Index Numbers coming in less than two hours from now.

That is all for news. Talk to you later around the Euro open!

TRADE ON!
www.GoForexTrade.com