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US and Canada Forex Market Session August 13th 2008

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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

Forex Market: July 22rd 2008

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Good morning!

Are you ready to make some serious pips?

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.

Have a great day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

US Market Session: July 15 2008 GoForexTrade.com

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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 last year 3.8%
Core CPI compared to last year 1.6%
Retail Price Index compared to last year 4.6%

EuroZone:
German ZEW: -63.9
Euro ZEW: -63.7

US SESSION:
Canada:
New Car Sales are up 1.1% over last month
The Bank of Canada has decided to keep their rates at 3%

United States of America:
Core Retail sales have slumped below expectation, but boosted .8% while the regular Retail Sales number have only went up .1% PPI compared to last month has increased 1.8% and the Core PPI only have increased .2% instead of reaching consensus of .3%

The Empire State (New York) Manufacturing Index has only declined 4.9, but not as bad as expected.
Investor’s Business Daily had their T.I.P.P. numbers come out and they did rather well at 37.4. Business Inventories increased .3% also!

Today both Federal Moneyheads Ben Bernanke and Henry Paulson had their piece today. Ben Bernanke sounds like the American Citizens have a ton to worry about. Why? Ben had mentioned that all around (housing, jobs, dollar, inflation, etc), the economy is still having a problem despite the Bank rate cuts that were recently issued.

The euro took a good stab as this news occurred. The Eurozone is now at a high of $1.60. How far will the dollar drop until a resolve occurs?

Henry Paulson, had of course a few words to say on the mortgage situation with Freddie Mac and Fannie Mae and the treasury’s position on not throwing out any emergency loans or purchasing any of their stocks.

That is the US Market Session Report. Be back later on for the asian market session
TRADE ON!!!

Thomas Howell
GoForexTrade.com

European Market Session: July 15th 2008 GoForexTrade.com

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Good morning and welcome to another day of trading! We are going to cover alot of news in this blog as we skipped the Asian Market Session news.

ASIAN MARKET SESSION:
New Zealand:
In New Zealand, the Consumer Price Index Quarterlies increased 1.6% and the Food Price Index had increased 1.3%.

England of Course had a late night session today, and the RICS house Price Balance came in at -88.0% and the British Retail Consortium’s Yearly monitor had declined slightly at -.4%.

The Reserve Bank of Australia had recently held a meeting and from their minutes, we deciphered the main sticking points were about concerns of demand is slowing, and that there is very high level of concern on inflation.

In Japan, the overnight call rate was at .5%, staying the same from previous. In the later report for the US market, we will have a bit more on that.

EUROPEAN MARKET SESSION

Time to cover all things European Market now.
For the most part, England has a block items on the news list for this morning. Starting out with their pair of Consumer Price Indexes comparing to last year. At the British Airways Pensions Conference Monetary Policy Committee Member Andrew Sentance will push a few Sentences!! HA! I Made a Funny! ha ha ha ha!

One more thing from England before we move to the Eurozone. WE will get a Retail Price Index also! The expectation remains unchanged from last years 4.3%

Then finally we have the ZEW (too long to pronounce in one line, lol!) Economic Sentiment. One for Germany, and the other for all of Europe.

Have a great trading day and TRADE ON! Do not forget to join our newsletter, we will start putting some specials and exclusives very shortly!!! Just add your email to the panel on the right! We do not sell, rent or give away your email address!

Tom Howell
GoForexTrade.com

Asian Market Session: July 14, 2008 GoForexTrade.com

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Good morning! Ready for an awesome trading week?

Well, tonight should be a quiet one, as we have only a couple of items on the newswire tonight. In New Zealand:

Core Retail Sales: Core Retail Sales were reported to have an increase of .7 over last month, over the consensus of .5%.

Retail Sales: Sadly, Retail Sales took a dive at -1.2%.

Yeah, will be a quiet one, but I want to take a minute and let you know about our email newsletter list. Take a few seconds and place your email address in, and opt in for our email newsletter list. We will have exclusive offers, news, and keep you updated on all things Forex!!!

I will see you at the european market session! Have a good one and collect at least a couple of pips along the way!

TRADE ON!
Thomas Howell
GoForexTrade.com

Asian Session Open 6/13/08 GoForexTrade.com

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Hey Traders! How is your day so far? If you are on the other side of the Long Pond, Good Morning!

So, Ben Bernanke made a podium piece at the dedication of the new Federal Reserve Bank at Kansas City. Bernanke quoted that the bank has been in sound operation for nearly a century and will still be a sound operation in the future. Ok, a very stable Delaware Corporation that is! lol

So, what is on the news tonight?
well, in a few minutes, we should be getting some word about the Google Yahoo fine mess that we have been hearing about for a while. Both stocks had taken a tumble in recent trading.

New Zealand Activity….
Tonight, look for the Core Retail Sales, and the regular Retail Sales monthlies.

Japan!
Overnight Rate Numbers will be released. Also look for the Industrial Production Monthlies, Household Confidence, the Bank of Japan Monthly Report and a press conference shortly to follow.

Also, The Group of 8 (G8) Finance Ministers will be getting together in Osaka Japan to discuss pressing global finance issues throughout the day. Look out for news shots as the trading session goes on.

Australia…
Reserve Bank of Australia’s Governor Glenn Stevens is going to wax a tad on some pressing monetary issues.

Folks! Have an awesome day of trading! See you at the Europe Open. Have fun! and TRADE ON!

US Market Open 6/12/08 GoForexTrade.com

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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 status of the central bank, they are ready to move on countering the ever increasing threat of Inflation. Industrial Production is up .9% for the month.

From One Bank To The Next:
Bank of England stating their inflation attitude index at 4.3%, over the previous percentage of 3.3%.

EU Lisbon Vote:
We are still waiting for the results of the Lisbon Treaty Vote for Ireland.

For some US Session News….

around 830 -4 GMT, We will have a round of news from the United States.
In this round of news, we will expect numbers from heavy hitters such as Retail Sales, Core Retail Sales, Import Price Index monthlies, and Unemployment Claims.

A bit later in the day, We will also have numbers from Monthly Business Inventories, and Natural Gas Storage Numbers. also expect Uncle Ben to put out a few words. In his usual speech streak, he usually helps the dollar against the euro.

Well, that is my US morning report, I should be back around noon to report the midday. TRADE ON!