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Europe Market Open: 7/3/08 GoForexTrade.com

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Good morning my fellow european traders and once again good afternoon and evening to those trading the asian session!

We only had a few reports from the asian session to tell, but we can also mention that oil has gone up over $144 per barrel for the New York Mercantile Exchange.

In Australia, The Purchasing Managers in the Services Sector released a number of 45.4. Also, the Trade Balance came in with a Billion in deficit.

New Zealand’s Commodity Price Index from the ANZ, brought in a flat 0.0% meaning, that there was no indication of either deflation or inflation.

So, what is on the plate for the European Market? A few things here…
Right before the European Markets Open, the Swiss are looking at an inflation barometer with the Monthly Consumer Price Index. This will tell on the monthly level, if there is any inflation or deflation on the consumer end.

A couple hours after opening the markets, The Eurozone will release numbers from Purchasing Managers in the Service Sector. This will indicate supply and demand, and also confidence in purchasing manufactured goods. Not much later at all, England will also release their own Services PMI as well.

England will also in the same time slot release a Credit Conditions Survey. This survey will cover lending to businesses, and homes, and will release data on the lending aspect from the previous three months, and forecast the potential nature of lending three months from now.

Then we will head back to Switzerland for the Swiss National Bank Monetary Policy Report. This is a report where the Swiss Bank will “Tell-All” about the activities of the bank, and also opine on Monetary Policy and where it stands economically.

After such, The Eurozone will have three more reports to release. The First is Monthly Retail Sales. This report correlates with the buying power and confidence of the EU’s core consumers. Next, the Minimum Bid Rate, which is the Interest Rate for refinancing, which actually provide the core for the liquidity of the EU’s bank system. The last report will be a press conference of the European Central Bank. The press conference will be held about 45 minutes after a rate statement, and the president and vice president of the ECB will speak about their decision.

And look towards the Us market open as well! We have what my fellow Nadav calls a “Solar Eclipse” in the markets. A major rate release from the ECB, and the jobs reports from the US! Now today will be awesome!

TRADE ON! See you later! a busy US Market session awaits!!! NON FARM/Unemployment Rate LATER ON!!! Be READY!!!

European Market Open: 6/30/08 GoForexTrade.com

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Good morning! Ready for another great week of Forex trading? Back from vacation, a strong urge to come back and make this blog as successful as possible, and give you some news, reviews, and the like!

Let’s cover what has happened in the Asian Market so far!

Japan - Manufacturer’s Purchases have decreased slightly at 46.5. Housing Starts have taken a huge decline from same date last year numbers. A decline to the tune of -6.5% over the expectation of -3.7%.

New Zealand - Building Consents (Also Called Permits in other countries,) declined from previous numbers. Permits went down -42.3%. Business Confidence took an improvement of -38.6 from -49.7.

Australia - TD Melbourne Institute stats that inflation has increased .2% from last month, and Private Sector Credit has remained dead on target expectation.

England - Consumer Confidence was not there with their late night numbers late last night. -34 was read instead of the Forecasted -34, shadowing over the previous number of -29. Looks like nobody is buying in England…

EUROPE NEWS FOR TODAY!!!
Just a few to mention for today… Looks like everything will start in a few hours, so grab a nice breakfast to start your week and then come back for a few news reports.

England will output number for their quarterly services index, Mortgage Approvals, and Monthly Net Lending to Individuals.

Europe a bit later on will release Same year results for Consumer Price Index. This is an inflation indicator because it will note over previous year at this time, if any core fluctuations have been occuring. Italy will also release monthly preliminary CPI numbers.

Ok, there is your Europe News… Canada has their monthly GDP later on, and the US has their Chicago PMI index as well. We will talk more about them and the results of the european session in a while.

TRADE ON!

US Market Midday: 6/19/08 GoForexTrade.com

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Good morning folks, how is the trading this fine morning?

Let’s get right down to the trading news.

But first, let’s cover what has happened from the US and European Markets so far….
EUROPE!
Switzerland: The land of Helvetica had quite a few news numbers that came out earlier today…
Trade Balance is looking very good, with an increase of 1.87 Billion Swiss Francs. Good Stuff!
Also they decided to keep the Libor rate at 2.75%, and Jean Pierre Roth discussed earlier today that the economy is going to see a slight downturn in 2009, and opines about a possible rate hike to offset any inflation worries.

England: Two to the good and one to the bad here today. Retail Sales increase dramatically at 3.5% and Public Sector Net Borrowing shot up 2 Billion over expectation, which the number was 11 Billion over 9 Billion. The only pessimistic thing we have here for poundage, was the M4 Money supply, which just feel a teenzy weenzy smidgen of a percent of a point off!

E-13 (That is the Eurozone!)
Italian Unemployment Rate: 6.5%! fell from 6.2% where there was possible speculation that the rate could of dropped to 6% but went the other way another .3%.

Oh Canada!
Canada came out with their Consumer Price Index Numbers today, the Core CPI remained unchanged, while the CPI came out .4% higher than the previous month. Wholesale Sales doubled from previous months to increase at 1.4%! That is just amazing! What bad economy is going on? Oh, wait a minute, this isn’t the United States Report, duh!

United States!
So what do we have here! Unemployment claims had declined a bit from previous statments, but fell under expectations that we were going to have even less claims! Ok, euro, time to pull out the currency steamrollers!

Grosser and the Cheesesteak and soft pretzel Squadron at Philadelphia’s Division of the Fed Cited a negative 17.1 on the Manufacturing Index. More Cheesesteaks NOW! j/k

Two other numbers to report for right now: We have an increase of 0.1% on the Leading Index Monthlies, and Natural Gas Storage fell under the 61 Billion Cubes expectation with 57 Billion Cubes.

After lunch we should hear some words of sage advice from Treasury Secretary Paulson, and then we will have FOMC’s Kohn a couple hours after that.

Also for the post market in England, Sir John Gieve will talk about the Monetary Policy situation.

TRADE ON!

Thomas Howell
www.GoForexTrade.com

Europe Open 6/16/08 GoForexTrade.com

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Good morning! How is everybody doing this fine morning! Waking up to some tea and scones, or some sausage and coffee, or whatever your traditional breakfast is (Mine is caffeine with a side of caffeine.)

The only things we had going on in the previous session in Asia, was the Manufacturing Sales Quarterlies in New Zealand. The NZD takes a nice boost from hearing a positive 3.7% and volume being up .2%! Now that is the some news to start this week!

And the Bank of England decided to sneak one with their late night tea with a Quarterly Bulletin! They had to get the word out with how the inflation issue has racked the economy, and revise monetary policy and rate expectations.

So what is going on this morning? Not a whole heck of a lot in the news room. In a little bit, in Switzerland, we will see numbers on Annual Retail Sales.

900GMT: We will see the Eurozone’s Core Consumer Price Index, and the regular Consumer Price Index, which are current numbers compared to previous year.

That is all for now, and I will see everybody in a few hours for the US market report. There is quite a bit going on if you want another nap and want to perhaps trade the US session instead.

TRADE ON!
Tom Howell
GoForexTrade.com

Us Market Open: 6/13/08 GoForexTrade.com

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Lucky day isn’t it? Hopefully you will have good luck in making some winning trades!!!

From the Asian Session!
The Bank of Japan had a press conference on their monthly report. They have decided to keep their interest rate unchanged despite Japan’s economic outlook not being in the positive.

A bit on European Trading:
The numbers for the German Consumer Price Index remain unchanged at .6%. Also remaining unchanged is the quarterly unemployment changes, which is stable at 0.3%. The labor cost index came in at 3.3%, over 2.9%.

So, what numbers have already happened?
Well, we had a late start this morning, and some numbers have already been released…

Canada!
Quarterly Labor Productivity has fallen short of productivity at -.3% under -.4%
Monthly Manufacturing Shipments have dramatically improved at 2% over .2%

United States….
Core CPI is right on target with .2%
Regular CPI is above expectation, reaching .6% over the .5% expectation.

There is the news. Now we are looking out for the Lisbon Treaty News and some Sentiment numbers from the University of Michigan (USA) within the next hour or so.

See you around Lunch!
TRADE ON!

Thomas Howell
GoForexTrade.com

Europe/England Open June 11th 2008: GoForexTrade.com

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Good morning! How did everybody sleep? Ready for some awesome Forex trading today?

First let’s knock out some news from the previous Asian market session.

First on the block is New Zealand’s Merchandise Terms of Trade Quarterlies. The abroad inflation has greatly increased around 4.1%.

From the late night edition, the NIESR GDP in England was estimated at .2%.

From the busy news day in Japan…
The final GDP numbers came out with a 1 percent increase, over the .9% expectation. Corporate Goods index came out at 4.7% but current account numbers and Final GDP price index came back as a negative.

In Australia, the numbers from the Westpac Melbourne Institute came back with a Consumer Sentiment number of -5.6% reflecting the current state of the economy.

Today’s News in the European/England Session…

Easy news day for Europe as we start with the French Consumer Price Index. This is a primary indicator for inflation as it measures fluctuations in prices of consumer goods and services.

Then we take a look at England, we will have numbers for Claimant Count Change, Average Earnings Index + Bonuses, Trade Balance (export vs. imports) and unemployment rate. Get yourself some breakfast and take it easy, as these numbers will not come out until 830GMT.

Here is a current rundown of the currency pairs:
EURUSD 1.5478
USDJPY 107.68
GBPUSD 1.9541
USDCHF 1.0426
USDCAD 1.0235

Enjoy some fine trading and have a good morning! See you around when the US market opens!

TRADE ON!