Go Forex Trade - Forex News, Tips & Reviews

Europe US and Canada Forex Market Session August 8th 2008

Posted by

Good morning and welcome to another fine day in Trading Forex. Looks like the Turkish oil pipe issue didn’t affect the NYMEX numbers for long. The barrel price for Crude Oil is now back around $118.

We also have the numbers from Japan’s Economy Watcher’s Current Index, which came back at 29.3.

MAJORS:
EUR/USD: 1.5167
GBP/USD: 1.9290
USD/JPY: 109.92
USD/CHF: 1.0729

Well, in the european and us/canada markets, we are expecting a couple of heavy hitters before the weekend approaches, and we will start with Switzerland’s Unemployment rate, which came back at 2.5%, right on target with the speculators.

Europe’s news was France’s Government Budget Balance, which is at a deficit of -32 Billion Euros. Also we got the numbers for the Italian Preliminary Gross Domestic Product, which was -.3%.

All we have left now, is five crucial numbers from the US Market until the weekend, so let’s spill them out here!

1200 GMT/7:00am EDT: Canada’s Jobs report, containing the Employment Changes and Unemployment Rate.

1330 GMT/8:30am EDT: THe US’s jobs numbers are coming out as well. Earlier this week we saw the unemployment claims, but today we will get Preliminary Nonfarm Productivity, and preliminary Unit Labor Costs.

1500 GMT/10:00am EDT: United States will cap the trading week with Wholesale Inventories!!!

AND THEN COMES THE WEEKEND!!!!! YAY!

Folks, have an awesome weekend, and have a fun time! I’ll see you back here Sunday for the Asian Market Open, and Maybe for a product review???

TRADE ON!!!
Thomas Howell
GoForexTrade.com

Asian Forex Market Session August 7th 2008

Posted by

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.

Asian Forex Market Session: July 6th 2008

Posted by

Good evening to our US traders and good morning for the Asian forex traders!!!!

What a KICKASS day that we had on wall street!
ISM came in at a nice, but slim margin over forecast, and the Interest rate stayed the same at 2%! The Dow Industrial 30 sees a gain of 335 points, and to top the good news, Crude Oil took a lowering to the tune of around 118.56! The oil bubble has been broken, and hopefully gas prices will fall harder faster sooner! Hummer H2 fans REJOICE!!!

MAJORS:
EUR/USD: 1.5463
GBP/USD: 1.9548
USD/JPY: 108.30
USD/CHF: 1.0542

With feeling hyper over such a great day, let’s head into the Asian Forex Market Session!

All times in GMT!

0030: Australia will release their Purchasing Managers Index for the Construction Sector.

0050: Japan will release Core Machinery Order Monthlies:

Australia will have their jobs report today, being usually a heavier hitter in trading news…
0230: Employment Changes (consensus: 4,000 jobs) and Unemployment Rate (consensus: 4.3%)

Have an awesome session trading!!! See you later on for the European report!
most importantly, have fun and as always….
TRADE ON!

Thomas Howell
GoForexTrade.com

US Market Session: July 11th, 2008 GoForexTrade.com

Posted by

Good morning American Traders! Are you trading, or are you one of the folks who went to buy an iPhone?

Crude Oil is back where it’s started at $146.35. Should you sell your SUV yet? hmm….

So Fannie and Freddie are having their issues, which are government sponsored mortgage firms.

And the Euro! Oh the euro has shot itself back into familiar territory as well, fastly headed towards $1.60!

Ok, let’s get the major forex news….
Japan:
Industrial Production Monthlies is a 2.8%, sliding just under forecast, which was set at 2.9%.
Household Confidence was rated at a high of 32.6.

Europe:
German Wholesale Price Index monthlies have slid down to .9% a bit of inflation has obviously occurred, and the possibility for more, hopefully will reduce greatly with the ECB’s recent rate increase from 4 to 4.25.

Oh Canada!:
Jobs Report: Canada has lost 5 thousand jobs and the unemployment rate has slightly slid from 6.1% to 6.2%. On the good news end of things, we report a higher trade balance at 5.5 Billion, 700 Million from previous.

The New Housing Price Index monthlies have for the most part remain unchanged.

The Good Ol United States:
Despite the good forex news, the business news stateside with the mortgage industry and disputes with middle eastern oil producer Iran is just giving the euro a field day, letting the currency recover it’s loss and then some on it’s merrily way to $1.60.

The Trade Balance has improved slightly at -59.8B. While still in a deficit, we have made an improvement, while the consensus was actually perceiving a worse forecast of -62.5B.

The Import Price Index stayed unchanged at 2.6, but blowing past the consensus of 2.0.

The number for Preliminary University of Michigan Consumer Sentiment came in on a positive note at 56.6. This is a heavy hitter, and believe it or not, this could either make the euro go packing from a sore loss, or make the euro pack and have a holiday over a negative forecast! Keep a lookout for this one!

See you in the weekend wrap, and TRADE ON!

Thomas Howell
Editor
GoForexTrade.com

P.S. Check out the case specials that we have arranged with Brain TonIQ. An all natural drink with no un-earthly chemicals such as caffeine, which gives you a nice boost. Made with ingredients, such as Blue-Green Algae, Rhodiola, DMEA, Citrus Juices, and sweetened with Agave Nectar extract, this formula will keep your mind boosted and will not let you down.

Go ahead and try a case of Brain TonIQ!

Asian Market Report: 7/10/08 GoForexTrade.com

Posted by

Good afternoon to the US folks! Good night for Europe! And GOOD MORNING to those trading the asian market session! How is everybody doing? Let’s make some serious pips and turn that into some cold hard cash!!!

So, what is on the news deck for tonight? Plenty!

Japan will have a couple of news things going on. First we will see the annual Corporate Goods Price Index, which indicates the change in price of goods sold by corporations. Look for a magic number os +5.2%

Also look for the Current Account number as well. 1.90 Trillion will be the number to look out for.

In New Zealand, we will have the Business NZ Manufacturing Index. This is a survey of manufacturer’s to rate the level of business conditions on many different aspects of business operation.

at 130 GMT Australia has a couple of news items on the block as well - Their Jobs Report. Which will highlight their changes in employment levels and unemployment percentages.

That is the Asian Market Report, Make a few good pips now! and TRADE ON!!!

Tom Howell
Editor
GoForexTrade.com

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

Posted by

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