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Asian Market Open: 7/1/08 GoForexTrade.com

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Good morning/afternoon/evening/whatever time of day!

So, Oil is still ringing in high over $143 a barrel, and a mixed day in trading. Canadian GDP came in good, and so did the US’s Chicago PMI.

So, what is on tap with the upcoming asian market?

Australia has a few numbers coming out tonight. Shortly, we will see the Index for Purchasing Managers in the Manufacturing Sector, then later on we will get word on the Cash Rate, and Reserve Bank of Australia make a Statement if the cash rates does make a change. And right around close, we will see the annual index on commodities.

Japan will see two very important numbers from the Tankan Indexes that cover Manufacturer’s and Services. A while afterwards look for the Annual Average Cash Earnings.

See you at the Euro Open!
TRADE ON!!!

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

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Good morning and thank you for stopping by GoForexTrade.com!

Let’s get to the news…

First, covering the european market, we noticed that England was not having such a nice day. The Services Quarterlies were right at the line, but Mortgage approvals and Net Lending for Individuals have taken a bitter decline. Mortgage Approvals declined by 10K applications, and Net Lending went down 1.6 Billion.

Both the european and Italian Consumer Price Index numbers came back to the good.

The US Market News So Far…
Canada’s GDP has done right to the tune of +.4% over an expectation of .3%

In 15 minutes from now we should be getting the Chicao Purchasing Manager’s Index numbers in. Stay tuned for the late afternoon report today. We will cover today’s activity, and report the Asian Session.

TRADE ON!!!

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!

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