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Dow dives 733, FTSE, Nikkei 225, World Markets Asses Handed

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Well well well, if we couldn’t have just another fine freaking day on the street! Another day of widespread panic on the world markets, as the Retail and economic outlooks in the US market are about as bad as week old dead salmon laying on a grass marsh.

I seriously do not have any trust in the market now. Bad as week old salmon on a marsh and has more mood swings than your wife going through menopause, the uncertainty keeps on rolling. Where is the bottom? Are we yet to see a bottom to this pathetic market situation?

In the forex game (EURUSD), we are being affected from what it seems to be normal swings. a few cents and here, perfect for scalp traders who are wanting to scoop 10-20 pip trades with ease.

The dollar though as a whole is gaining ground in the world markets, only though because not only because other host currencies are having a tough time with the economy, and always concerns about inflation as well!

Remember, when you have to lower rates, inflation will eventually creep up! and if you have to raise them, you will have an increase on foreclosures god forbid if you have an adjustable rate mortgage.

Today, starting with europe, Switzerland is starting the coffee roll with Retail Sales per annum. Reported dead zero, under  the .9% up forecast.

Italian Trade Balance loss at 2.12 Billion. MORE FERRARIS!!!! heh while the dollar is gaining on the ground!!! Maybe they can have a fire sale and sell me a F430 for the price of a new Mercedes 550SL!!! That will increase the trade balance FOR SURE!!!!

Switzlerand will also push some ZEW numbers in an hour from now.

Canada is rolling out Manufacturing Sales per month.

The United States is just having one hell of a time with news. lol! The state of the news is SUCKS, with a side of Horrible!

The big hitters are going to be unemployment claims, Consumer Price Index, and TIC Long Term Purchasing. Also some major contributors to the fun today will be Industrial Production, Capacity Utilization Rate, And Chuck Plosser and the Cheesesteak Gang will release the Philly Fed Index.

But don’t go away, we also have Crude Oil and Natural Gas Storage as well! And Housing Index numbers along with Fed Member Gary Stern, will probably talk shit about the market and call out some banks for screwing things up.

And to cap things off in Asia, Japan will release tertiaries in industries, and Australia will release Import Price Quarterlies. Fun.

TRADE ON! AND keep the hope alive!!!
Tom Howell
GoForexTrade.com

Welcome Back! Oil sees itself above $100, Paulson wants the bailout NOW!

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Hey there folks! Welcome back from the weekend. Coming back from a weekend after a week of insane proportions, Hopefully we can launch this trading week in stocks and forex in a more positive territory.

Yeah, Treasury Secretary Henri/Hank, whateveryouwantocallhim Paulson is urging that the $700 Billion bailout package goes quickly through the legislational process and ratified quickly to help stave off the failure of investment banks that have been bitten hard by the subprime mortgage crisis.

Jean Claude Trichet, Europe’s central bank head had some words to say earlier and will have some more later on today. What has been said recently was that Trichet lauds the Slovak State’s entry into the Eurozone currency and says the move is all for the better.

England also had some numbers from Rightmove, a leading real estate agent orgnanization similar to the USA’s REALTOR organization. Rightmove reported that there was a one percent decline in housing prices.

Japan had a couple of things that went into the newswires. Firstly the Bank of Japan had their monthly minutes released, stating that they are expressly concerned about the health of the US economy and Banking system. Also they have mentioned that the BOJ has injected in the neighborhood of a few trillion yen into the economy.

The All Industries Index in Japan had increased .8%, right on the money as forecasters predicted.

Australia released new car sales data, and sadly to report a 3.5% decline in sales.

After Jean Claude Trichet speaks once again, England’s John Gieve from the Monetary Policy Committee will have a few choice words on the banks, economy, and whatever else is conversation fodder at the time.

Canada has Retail Sales Numbers coming out today, a Core focused data release and a general sales data release.

Japan, for the Asian Session will take the day off for Tuesday, in celebration of Autumnal Equinox Day: Only if we americans celebrated the changing of the seasons.

Then WestPac will release data for New Zealand’s Consumer Confidence.

See you back here tomorrow! The Euro has a ton of news reports and such and we will be here to shove them right down your gullet!

For now, TRADE ON!!!!

Tom Howell

GoForexTrade.com

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

Asian Forex Market Session August 7th 2008

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Hello! How was trading today?

Crude Oil is having a good day, falling at times below $118 per barrel. The United States did the Crude Oil Counts earlier, and we reported a higher jump in inventory over forecast!

And in O Canada! we have the Richard Ivey Purchasing Managers Index. and the index is an across the board index for purchasing managers in all industries in Canada. This number, blew the roof off of expectation and landed at 65.5. WAY TO GO!!!

MAJORS:
EUR/USD: 1.5406
GBP/USD: 1.9468
USD/JPY: 109.70
USD/CHF: 1.0606

So what is on tap for the Asian Forex Market Session?

OCEANIA’S JOBS REPORT!!!!

To start things off, we are looking first off to New Zealand. Their jobs report is due in about three and a half hours from now at 2345 GMT. the employment change is forecasted at .1%, and Unemployment Rate is predicted at 3.8%. Now remember, New Zealand is a country where a huge amount of it’s GDP comes from the Tourism industry.

For the rest of the market session: Japan will release Core Machinery Orders at 0050 GMT, and Australia will have a trio of reports being released!

Two of those reports are Australia’s Jobs report. Unemployment Rate and Employment Change will be released at 0230 GMT.

and at 0030 GMT, Australia will have a Purchasing Managers Index for The Construction Sector.

Forex Market July 30th 2008

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Good Morning and get ready for another wonderful trading session!

Europe’s market is a bit quiet, and Oil is shooting down fast! Maybe the SUV set would be more than happy to pump gas once again? Who knows!

With Europe’s Market, we are looking at Europe’s Consumer Confidence Levels and Switzerland’s Leading Index.

The American Market is a bit busier with a few items. First, we start with the ADP Nonfarm Employment Change. ADP is a third party payroll company that does the payroll for many large and small corporations and businesses in the USA.

Then another heavy bag for the US is crude oil inventories. If we can get through this reading, I know that we will have cheaper oil later on today for September delivery.

Canada will have numbers today around 8:30EDT for their Raw Materials Price Index and Industrial Product Price Index.

After a late night tea session announcing the GfK Consumer Confidence in England, We have a busy asian session in store.

First, Japan will put out there Manufacturing PMI. Their last number was 46. Later on we will see Average Cash Earnings as well.

Australia will release three things for later on: Look for Retail Sales Monthlies, Trade Balance, and Private Sector Credit Monthlies.

New Zealand tops the end of the Forex Day with Business Confidence Levels!!!!

Have an awesome day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

Forex Market Session July 23rd 2008

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Good morning and welcome to another trading day! Are you making some serious pips out there? If you are great! If you are not at the time, just keep persistant and keep on educating yourself, you will get there in due time!!!

over the last couple of days I have received a few comments from loyal site visitors who expressed their experiences here at GoForexTrade.com. I do greatly thank you for the input and keep the comments coming! And again, thank you for visiting my site!!!

How about we get to some news on the Forex front, shall we?

Today will be a busy day and and we are looking at some heavy hitters. First, France will have numbers on Consumer Spending. This is compared on a month to month basis.

Italy will have the numbers for retail sales. This is also a monthly index which shows the fluctuation in retail purchasing.

England will have a few news reports coming out this morning around a couple hours from now. One of the heavy hitters we will mention is the Meeting Minutes from the Monetary Policy Committee. The minutes have a huge importance because it could mean a change in interest rate, banking regulations or another major issue in banking. At the same time, the British Bank Association will have their number for Mortgage Approvals.

Europe will then release their Industrial New Orders then England will cap out the European Market News with the Confederation of British Industrie’s Industrial Trends Orders.

In the US Market, we have a couple of heavy hitters to talk about. Canada first off, will release Their Core Commodity Consumer Price Index, then their regular Consumer Price Index.

The USA will then post Crude Oil Inventories. This will slightly affect the dollar compared to crude oil prices. Expect this one to be a bit high on inventories, which might drop the price of crude even lower! Maybe we can drive the SUV once again eh?

Then the US has this so called “Beige Book.” What is the deal with this? Well, the Beige Book is a compilation of data of the economic status and situations of the 12 Fed Districts in the US. This is usually done about a couple of weeks before Bernanke and the Boys get together over a few drinks, a couple of testimonies to congress and such, and determine if there is a need a for a change in bank rate.

For the Asian Market, We have a big bad heavy hitter in New Zealand with the Cash Rates being unveiled in Auckland around market open. Expectation is to keep the rate at it’s current level of 8.25%. Expect a statement shortly thereafter by the Monetary Policy Committees.

And in Japan, look for their Trade Balance to be released!

Again, to my fellow traders in the Forex Market, and also site visitors who are just visiting to see us..
THANK YOU FOR YOUR PATRONAGE!!!!

Have a great day, and as always…
TRADE ON!!!

Thomas Howell
GoForexTrade.com

US Market Session: July 16th 2008 GoForexTrade.com

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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%, France’s CPI was at .4%, and Europes Core Commodities CPI was 1.8% while the regular CPI was at 4%, all increases.

Switzerland had nearly doubled their expectation on their Retail sales outlook on a gain of 7.4% from this time last year! Wow! Only if the US could pull such a feat!

England also had their jobs report come out as well this morning. The Claimant Count Change, is basically unemployment claims, and they had increased 15,500 claims, over 10K on consensus. The average earning index did not disappoint at 3.8% as well as the unemployment rate did go down a bit at 5.2% compared to the previous 5.3%.

So what is happening in the US Session?
A LOT! Canada starts off the bell with Manufacturing Shipments, which came in 2.7%, up from 2.1% on last month.

The US market has a ton of news to get through, about 9 major events. The US also released their Consumer Price Index today. The core Commodities CPI increased at .3% while the regular CPI was up at 1.1%

One of the big newsies today, the Treasury International Capital Net Long Term Securities had barely reached it’s mark today. At a consensus bet of 70 billion, the index only reached 67 Billion, from a previous month’s estimate of 111.9 billion. This index accounts for those who have made securities investments that mature in excess of a year or more.

Us Industrial Production is at .5% and the Capacity Utilization Rate is 79.9%. The Capacity Utilization Rate is based on the percentage of production that is averaged out by the production capabilities of utility companies, metal mines, and manufacturers.

Then here comes the sweet! Sweet Crude Oil inventories UP! Three Million Barrels. Add that to an news equation with the US looking to drill offshore, and my friend, the oil bubble will burst!!! Sweet Crude at time of writing is now around $134. SUV owners once again rejoice!!!

reports yet to watch out for:
The National Asociation of Homebuilders will have an index around 1700 GMT, and at 1800 GMT, the FOMC Meeting Minutes will be shared.

Podium Pieces:
We are still waiting for Englands’ Monetary Policy Committee member Spencer Dale speak, but we do have some wordage from Ben Bernanke. Ben made a few words on the nature of the US’s two government backed mortgage giants Freddie Mac and Fannie Mae. Ben states that these companies are not on the brink nor any danger of failing, as they are holding their water, but they are having a difficult circumstance raising any further funds. Both firms hold and guarantee more than five Trillion dollars of notes.

Wow! Can I have some of that! just kidding!

Have a great afternoon and TRADE ON!!!

Thomas Howell
GoForexTrade.com

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US Market: 7/9/08 GoForexTrade.com

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How are you doing during this trading session so far? Making any serious pips?

How about we do a quick recap of all things in the previous european market and we will then talk about the US market.

Europe:
Germany’s Trade Balance was only at 14.4 Billion, not at the 17.4 Billion Expectation. More beemers and Benz’s please!!!

France’s Trade Balance also suffered at -4.7 Billion. And then Jean Trichet Spoke had mentioned that an inflation of 4 percent was worrying him and that there is a possibility that the inflation will not ease.

England:
Trade Balance came out to -7.5 Billion, which is unchanged compared to previous numbers.
We also got a number from the BRC regarding price changes. Prices for Goods increased 2.5% from last year.

US MARKET!!!

In Canada, Housing Starts was right on the nose with the consensus, but declined 10K from previous numbers.

The only number today from the US market but very grim indeed, was the Crude Oil Inventories. Despite the deficit of 5.9 Million Barrels of Crude, there was only a modest increase in the NYMEX. The price of Crude Oil is $136.21.

See you for the Asian Market Report!

TRADE ON!!!!
Thomas Howell
GoForexTrade.com

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!!!

European Market Close, North America Midday for June 4th 2008 GoForexTrade.com

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Folks, sorry about the non-post for this morning. I will recap everything from the European market and what has happened so far in the North American Market.

EUROPE RECAP:
Services PMI:
Services were dead on for the Eurozone, but the England Services PMI fell short of touching expectation. Over the last day, the Pound has been getting the stuff kicked out of it by the greenback.

Retail Monthlies:
Europe fell short of their forecast for monthly retail sales, but this news didn’t pull a Bernanke and throw them a couple cents to the red. Just a few pulls and pushes from other world currencies. The dollar is entangled in a sideways fistfight to get their lose value back.

England did 1.8% on the BRC index, and handing a couple of pences to the dollar.

HOW is the USA doing? Seems like things are somewhat turning around!
Challenger Job cuts went up 45.6 from 27.4 over the last year, but what the heck! Who cares when the Sweet Oil we use to power up things such as CSX freight Trains with blaring horns that bother you at 2 am and the gunmetal gray Hummer H1 that takes 5 gallons to the mile just dropped a few more dollars a barrel! Crude oil inventories fell by 4.8 million barrels, but what do you know! Everybody is now driving them fancy hybrids, so who is going to need all of that oil!

The Sweet stuff went down to $122.15 a Barrel for July Delivery.

So, for everything else, for once in a freaking while, The US seems to have all around good news.
The Services sector index, Private Sector Jobs, Overall productivity are all in positive standing. This is a rarity when the US market can have a day without an ‘Oh Shit’ moment.

In about the neighborhood of 2 hours from the time of writing, good ol’ Uncle Ben Bernanke is going to have one of his podium chats again, and this time, Let’s hope it repeats the positive effect of yesterday’s trading.

YOUR Combined Market Cap! TRADE ON!

Thomas Howell
www.GoForexTrade.com

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