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Asian Markets - US GDP Declines, Oil Drops Like a Bad Habit!

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The day after the discount interest rate drops in the US Federal Reserve, The asian markets are starting the day off in the wrong foot. As of time of writing, the Nikkei 225 is at -318 and the other two markets are not open yet. A possible tell tale sign of this huge downshot every analyst is waxing about? hmmm….

A little while ago, The Japanese market news seemed to propel the trading sentiment. Looking at a decline in unemployment percentage, household spending, modest Consumer Price Indexes, a and a slightly down Manufacturing PMI could explain the whole situ.

Or it could be some profit taking before Japan’s Interest Rate decision, which analysts are looking at a quarter point, bringing the interest rate down to .25%.

Australia’s RBA will have some words from Dr. Guy DeBelle, the Reserve Bank’s Vice President. Private sector credit from previous month has increased .7%.

The US Markets had their day in the barrel. The economic barometer, the Gross Domestic Product, has shown a .3% decline from last quarter. Another quarter of negative production could technically classify us as being in a recession, if we didn’t know already.

Unemployment claims had remained the same around 479K jobless claims. Natural Gas Storage is at 46 Billion Cubes, well over the 41 Billion cube forecast.

Oh, and before I go, check out Oil! Oil drops nearly $5 to $64.90.

Folks, Have a good Asian Session and TRADE ON!!!

European Markets October 27th 2008 - Asian Markets Fall, but Yen Rises

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The asian market is taking a tumble today, and the Japanese Currency is rising on the dollar. Matter in fact, a number that hasn’t been touched since 1995. A one week drop from 102.3 to 93 yen per dollar is quite a drastic drop, and the concern here, is the importing of goods to the US from Japan. The prices will eventually inflate because of this.

Crude, is completely going the other way. Taking a shot below $64 and spiraling even lower, Gas is once again becoming affordable, and it is becoming easier to look at SUV’s once again! lol not that I am going to get one anytime soon. I was checking gas prices and the Wawa (7-11 Type convenience store) has the cheap stuff for $2.25 a gallon. Amazing.

The Euro is headed below 1.25 against the dollar in overnight trading. All three major markets, and the indices are pointing in range between a 3.5-5 percent decline.

So, how are the markets looking for the european market?

A busy day only for the european market, but think about the world markets and the credit scenario when you think about the news. We have a great deal of issues that should be weighed when looking at forex news matters.

Europe (Times in GMT)
0900 - Germany IFO Business Climate
0900 - M3 Money Supplies year to year
0900 - Private Loans year to year
1355 - Jean Claude Trichet Speaks at the Perspectivas KPMG forum, in Madrid Spain.

TRADE ON!!!! Make some pips!!!

Tom Howell
GoForexTrade.com

US & Canada Forex Market Session August 12th 2008

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Good morning and welcome to the North American Forex Market Session. are you ready to make some cold hard pips today?

Oil is taking the usual decline, and the euro is getting a big ass kicking. We were expecting this especially in the recent decline in energy commodities and the lowering energy demands of oil consuming countries like the United States.

So how is the european marketing doing? Lets find out, shall we?

in France, we had their consumer price index released and we found out that this index has declined .2%, which was right on forecast.

England had a few news reports as well. the DCLG House Price Index has declined .6%, well under the +1.5% consensus. Their Core Consumer Price Index was up 1.9%, while the regular Consumer Price Index arrived at 4.4%. The retail price index has increased 5.0% too! so there was good news in good ol england!

MAJORS:
EUR/USD: 1.4893
GBP/USD: 1.9015
USD/JPY: 110.16
USD/CHF: 1.0896

Crude oil is still lagging around the $113 pricepoint.

US/Canada Market News:

Today, around 8:30am EDT/1330 GMT, both the United States and Canada will release their own Trade Balance statements, both expecting to be heavy hitters of course!

Also look out for the investors Business Daily Economic Optimism report to come out shortly for the US Market!

Have a great day and TRADE ON!!!
Thomas Howell
goforextrade.com

Forex Asian Market Session August 11th 2008

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Good morning and welcome to another trading day. Conflicts in Georgia, and The olympics got to a great start were the big international moodsetters this weekend, but this week will be a blast for the fellow forex trader!

Let’s post the Majors, and this morning’s news events: All times are in GMT.

0230: Reserve Bank of Australia will release a statement on the current monetary policy, a heavy hitter to start your day in the right foot! lol
0700: Japan will release their Per annum Machine tool Orders. last month’s yearly comparison was -2.5%

THE Majors!
EUR/USD: 1.4949
USD/JPY: 110.07
GBP/USD: 1.9152
USD/CHF: 1.0827

Quick opinion segment: Wow, amazing how them speculators on oil are now getting their asses handed to them! You bid up oil and make your oil buddies rich, but realize the supply-cost / demand cycle always bites you in the ass in the end!!! Nobody is buying the bullshit, and commodity prices are going to collapse big time! And the dollar is recovering nicely too!!!

is the recession nearing the end? Who knows!!! I know the housing market has some time to recover, I would say at least a year or two more until we are back to normal.

Have a good one, and TRADE ON!!!

Tom Howell
GoForexTrade.com

Asian Forex Market Session August 7th 2008

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Good morning and I welcome you to another trading day. Not to sound like a depressed newsline, but the news was grim for the US market, and 200+ point drop on the dow 30 didn’t make anything better. A oil pipe in Turkey blows on us, and now the Oil goes trending in an ever familiar path. Thank you, Kurdish Rebels, now our crude is at $120.02.

The Unemployment Claims for the United States, now stands at 455,000, well over the 420K forecast. Well well well, home based business anybody? Maybe you should check out my sister site, www.iliveinsuccess.com for pointers on how to start your own business!

Natural Gas Storage was lower than expected, at 56 Billion Cubes, under 60 Billion on consensus.

Well look on the bright side, Consumer Credit is up, in a tighter than thou market, and Pending Home Sales are up 5.3% Those two things are good news, but unfortunately couldn’t keep the Dow from going down.

Almost forgot! The Bank rate decisions from Europe and England. Both Central Banks decided to keep their current rates, which are respectively 4.25% and 5.00%.

MAJORS:
EUR/USD: 1.5324
USD/JPY: 109.33
GBP/USD: 1.9433
USD/CHF: 1.0611

So, what is going on for the Asian Forex Market Session? well, only one news event which is for Japan, which is the Economy Watchers Current Index at 600 GMT, which is light in currency punch power. You might as well take some time off, and look towards the US market where we will see both Canada and the United States with the rest of their Jobs Report to finish the week.

Have a quiet trading session tonight! Heck, just take tonight, and go out with buddies for a couple of cold ones, or have pizza night with the family, because tonight should be quiet.

Have a good one, and TRADE ON!!!
Thomas Howell
GoForexTrade.com

Weekend Cap: GoForexTrade.com

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Hello! How is everybody’s weekend going? Having some serious fun? Going to a BBQ or having a night out on the town, looking back at the awesome week you had making money on the forex market.

There is a few major news issues that came up through the week.

1. Oil: This week, we have seen Crude Oil take a reprise of climbing after last week’s $10+ drop on the New York Mercantile Exchange. Oil has now seen a new record at $147.00 due to supply issues in the US reserves, and the Constant threat of War in Iran, and fact being they are a big oil producer in the Middle East, it makes for quite an uncomfortable situation at home.

Meanwhile, Russia is building rigs to start exploring Oil reserves in the Arctic Ocean. The Arctic Ocean region is believed to hold over 100 Billion Barrels of Crude Oil. Could we start another Cold War over OIL?

2. Big Banks Gone Wild, Part 2: Recently, the US Government had recently shut down IndyMAC bank after investors had pulled out, leaving the second largest funding source cleaned out. IndyMac primarily funded subprime mortgages and No Doc Mortgages, which did not require income documentation in order to write mortgage paper. This comes into light after the Government also took over the two main secondary market funding sources, Fannie Mae and Freddie Mac.

3. Europe’s Inflation Worries: Late last week, ECB President Jean Claude Trichet had stated his fears over the looming inflation issue. A larger consensus which was recently polled over the issue, also reiterated the Central Bank’s President, and having no confidence in inflation stabilizing and that inflation was overly inevitable. In response to the Inflation issue, the European Central Bank took a precautionary measure and elevated the Bank Rate from 4% to 4.25. I wouldn’t be surprised if the rate goes higher. Think about this when it comes to bank rates.

Tom’s Hypothetical Question of the week:
If you were a head of a country or federal banking institution who is controlling the monetary policy, you would have to make a choice between two scary fates: Would you have to screw over millions of homeowners who bought heart hard and not mind heavy and went into Adjustable Rate Mortgages and have them risk foreclosure?

Or otherwise everything would rise in cost faster than your head can spin, inflation goes at an insane pace, and you would have to answer for millions of families, regardless of income bracket are in financial trouble, and are struggling to feed their kids. Imagine having a family that drives BMW’s and Mercedes-Benz’s STRUGGLING to feed their kids. And it gets even worse down the income ladder.

Shoot a comment and let me know what you think about that one! A very real and scary reality for sure.

I will conclude the weekend cap, with a Thank you for visiting my Forex Site. If you have any questions or comments, Please put them on site! I would be more than happy to answer them!!!

REST ON!!! Get ready for Sunday night! Another trading week waits!!!
Thomas Howell
Editor
GoForexTrade.com

P.S. Take a quick minute and check out some awesome specials from Brain TonIQ, our official drink here at GoForexTrade.com. Click here to see what Brain TonIQ is all about! No Caffeine, No Fat, No B.S!!!

Asian Market Session: July 11th 2008 GoForexTrade.com

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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 middle eastern country could cut off supplies and really screw with our economy. Fun isn’t it?

The eurodollar was at 1.5772 at time of writing.
Crude Oil was around $141.35 a barrel at time of writing.

So, how was the US market session?
Well, besides Bernanke wanting the Government to get involved with big wall street firm collapses, Unemployment claims have decreased nicely from 404K to 346K. This is well under the 397K consensus, which means we could be having SOME possible economic Growth.

And from England, the Bank Rate has stayed at 5%. The primary concern of the Monetary Policy Committee, is that the weighing of Inflation versus economic stability is a major factor in keeping the rate unchanged. Raising the rate would stave off inflation, but also could really mess up any mortgage or loan arrangements, that work on a variable or an adjustable mortgage or loan rate. Then you will have another mortgage crisis on top of one we are already having.

Case study is the current scenario in the US. With a massive drop in the Dow and a huge issue with Mortgage Foreclosures, the Fed had to make a move with cutting the interest rate drastically. Although we are saving homeowners from getting foreclosed, meanwhile prices for consumer goods and etc are rising! That is what we call inflation.

Natural Gas Storage, increase 5 Billion Cubes from 85 Billion Cubes to 90 Billion Cubes, but has not made the consensus’ bet of 95 Billion Cubes.

Trichet had a few words today on inflation and the current monetary policy. Though he did not signify a possible rate increase on top of the 25 point increase that was recently added to interest rates, Trichet mentioned a high concern for inflation.

With the Asian Market, We have two later news annoucements:
Japan will have monthly Industrial Production numbers around 1630 GMT, and a half hour later, Household Confidence.

Have a great trading day! TRADE ON!!!

Thomas Howell
Editor
www.GoForexTrade.com
P.S. Check out our Official Beverage, Brain TonIQ! No Caffeine, No Fat, No B.S! If you want an energy drink that will not kick you down, but instead stimulate your mind, check out Brain TonIQ.

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!!!

Asian Market Open: 6/25/08 GoForexTrade.com

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Good morning, afternoon, evening, and night!

After a small rally in the US stock market, it decided to go back into the red. The drop in consumer confidence took it claws and dragged all of the us indexes down a bit. It owned the Dow to a sum of -34.93 to 11,807.

Crude Oil, the stuff that powers everything, and makes plastic bags for convenience stores, has elevated to $137.10.

The only two new news events that are going on at the Asian Session, are from Japan. We are going to see their Trade Balance numbers, and Corporate Services Price Index. The CSPI will actually cover any fluctuations in the price of services purchased by corporations.

See you at the European Session! TRADE ON!!!

Asian Market Open: 6/24/08 GoForexTrade.com

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Amazing!

Tonight in the asian Forex Market, there are no major news reports to talk about! This market open will not go untyped though! Let’s talk about today’s market first and then a major announcement!

The Euro’s Brutal Beating - With just about all the PMI’s except Germany’s Service PMI shit-tanking, and both of Germany’s Ifo numbers looking as bad. Don’t fear, the 150 pip dive has somewhat recovered. you could thank the US market’s sensitivity to Oil for that one!

Oil - Despite Saudi Arabia’s growing defiance against OPEC’s position in not increasing oil production levels, the sweet, SUV sucking commodity took an upswing to the tune of $137 a barrel!

Ok, enough of the depress reality that we swallow and make pips with! Let’s talk about a major announcement.

Last week, we have made an undertaking with having Forex Meta, as our preferred Forex Broker. They still have a great special for their Forex Accounts! Not only do you have a $500 minimum, and tight spreads, but also you will get a $100 bonus for trading with them! Click here to sign up with a free demo! We believe this opportunity will be great for goforextrade.com visitors as well as those who love to trade with a great brokerage which uses Metatrader 4!

One more Thing…..

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