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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

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.

Dollar PWNED! - June 6th GoForexTrade.com

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unfortunately, I couldn’t find a better title for this for right now.

The dollar got itself PWNED today!

After having a nice rally after uncle Ben Bernanke talked about inflation and dollar issue, bringing the EURUSD to 1.5355, The dollar received the ultimate ass kicking today, if there wasn’t a better word to describe.

After a sour jobs report, with 47K job losses and an unemployment rate that had soared the highest in nearly 22 years, you would think that would beat the dollar senseless. This only gets better(worse).

Then, some analyst from Morgan Stanley had to open his mouth about Oil prices hitting $150 by Independence day. Well thanks to him, we now see the highest push in crude prices ever, up $10 to $139. I think we will see $150 oil at least a couple weeks ahead of that now thanks to that analyst. Now, the EURUSD peaks at 1.5755 then retreats a bit before everybody heads out for the weekend!

Now you have a perfect excuse to drop that Hummer or Chevy Suburban and replace it with a Prius or a Honda Insight.

I have another review coming this weekend sometime, I will keep you on your toes with that. Otherwise, have an awesome weekend!!!

Tom Howell
www.GoForexTrade.com

Market Cap: May 30th: Forex Killer Review later tonight!!! I Promise

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EURO On The Rebound!
Yeah, the Euro decidedly took some back today in the daily EURUSD tug of war. The pair went down to about 1.5457 before rebounding to 1.5551. Despite Germany’s retail index taking a slight decrease in the shopping basket, indicators on the American side has shown a tanking of consumer confidence and lower spending at the retail registers. This is indicating that we are in perhaps a longer road to recovery than previously thought.

EVERYBODY IS FEELING THE PINCH:
Seems like everybody is being dragged down by the economy and $128 crude prices. While we thought here in the US that prices were going to start going down, wow we were just bitch slapped right back into reality. The price traced back 73 cents to throw us over $127.35. For them weekend warriors, we feel for you.

ANOTHER POUNDing FOR ENGLAND:
So, did you think in all of this, that we were going to have good news for you fellow britons reading this article? Nah, just the usual crap, but this time, everybody is guessing that your interest rate is going to stay solid after the next major fed meeting.

You guys are just having a economically fun time as much as we are right now. Consumer spending has found the toilet and is swirling its way to the pipes.

OK, ENOUGH OF THE DEPRESSING STUFF:
Well, it’s news, what did you expect? a happy family, a young married couple, a nice home, car, with a white picket fence? This is the state of the global economy, not some prefabricated bunch of lies!

Ok, well I will jump off of the news end of things, and talk about some things coming up on goforextrade.com:

First, tonight I will review and discuss a bit about Andreas Kirchberger’s Forex Killer. I will talk about the forex killer, and how it works, and how it picks out the potential trades, and why you should or shouldn’t buy it.

I also just talked to my pal Norb Czufis, and he gave me a copy of Forex Tracer to test and beat the crap out of. Expect a review of The Forex Tracer early next week.

REST THIS WEEKEND! TRADE ON!
Tom Howell
www.goforextrade.com

Oil is still dropping, and the Dollar Rising, market cap tidbits

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Before I begin, I would like to apologize for the few days of being out of services. Unfortunately I had some personal issues to attend to and you know how they are first priority.

OIL dripping away at price:
Yes! could I be proud at the ever so sharper declines in recent crude oil activity. The declines were a long time coming, and now crude has stumbled another few dollars down the pipe to around $126. For those SUV and High Performance car drivers out there (and I am one of them!) we are somewhat breathing sighs of relief. Relief that the possibility that the worst may be over, and that we are in for a potentially long road for recovery.

EURO GETS IT’S ASS HANDED!
The Euro is now officially having it’s days in the barrel when it’s cross to bear is the US dollar. The greenback has fought back ever so ferociously and has owned the Euro on a 5 cent decline through the last few days. This in combination with a few good positive points, and also shafted the crude oil barrels down a few dollars in recent trading as well! EURUSD is resting around 1.5510 at time of reporting.

SIDEWAYS, NOT THE MERLOT MOVIE!
Besides, didn’t that movie suck? Well maybe not for winos. back on topic, the cable USDGBP is now just fluctuating up and down like a sine wave from one of my old moog synthesizers. Perfect for scalping range, but if you are looking for a long range buy or sell, look elsewhere.

So How is the Pound and Euro Doing?
Pound is getting pounded by Horrific home sales numbers and the Euro’s numbers with retail and employment just haven’t been sound. Is the world economy taking a nosedive? Is oil going to send the markets to the toilet? Can we recover?

ok folks, I just wanted to make it a quick market cap for today. I am looking to review Andrea’s Kirchberger’s Forex Killer tomorrow, and have a better news cap for you! Thank you for being understanding to my craaazy situation.

I am also talking to a good fellow internet publisher, by the name of Norb Czufis, who happens to be unleashing the Forex Tracer. He has tapped me for a review, and a testimonial for his site. Although I am cool with Norb, I am also unbiased with each and every review. Let’s see if I can praise the Forex Tracer, or Bash it to the ground!

TRADE ON!!!
Tom Howell

Market Cap, for May 22nd, 2008 - the US Economy Worsens

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It’s really a Gas! Another day of beating up the dollar, courtesy of the euro, and Crude Oil has seen a new high of $134 a barrel. Get ready for another day of trading insanity!

EURUSD: More Ownage From Europe!
The Folks at Frankfurt and the euro are surely beating the life out of the dollar. The euro shot up another 4 cents to nearly $1.60/euro.

BRITTAIN:
Business Investment Quarterlies and Industrial Trend Orders.

CANADA:
Core Retail Sales Month to Month, and Regular Retail Sales Month to Month

US NEWS for today:
Four News items to hold onto today: Fed Governor Kroszner is speaking around 900-4GMT. Just before his speech, we will know about fluctuations in unemployement claims, and I am not expecting good news in that department. Housing price index, then natural gas storage will be read off later on as well, but if you are an american citizen, the result should be obvious to you.

HOLIDAYS: German Market Closed
Frankfurt will be closed today in observance of Corpus Christi day.

Another Good Review Coming Up For Early Next Week!!
TRADE ON!
Tom Howell
www.goforextrade.com