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London and Europe for May 12 2009

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PREVIOUS EVENTS:
Home loans in Australia have increased to 4.9% over a paltry 1.2% from last month. This is even over the 4.5% forecast. Ok so the economy is not messing everybody’s credit up! Ok, I spose.

Japan is getting their news on Leading Indicators very shortly.

LONDON CALENDAR (IN GMT):
8:30 - Trade Balance, Housing Price Index annuals and industrial Production monthlies. Manufacturing Production is a heavy hitter to watch closely.

EUROPE CALENDAR (IN GMT):
6:00 - Germany will release their Consumer Price Index and Wholesale Price Index.

LATE MARKET STRAGGLERS:
9:30 - Australia: Annual Budget Release: Trading and paying attention to the Aussie? Have a look on their budget as it will dictate their monetary situation and national debts versus surpluses.
15:00 - BundesBank President Axel Weber has some words to say in Munich at this time.
23:00 - NIESR Gross Domestic Product Estimate

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European Forex Market Session August 14th 2008

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One more trading day for the european market before The Assumption, and we are not going to assume anything in the world markets, as we can only tell you what is happening!

Crude Oil remains at $116.43, after a report on lessened supplies in the US have increased the commodity three dollars.

How did the asian forex market pan out?

Japan has dropped a bit on the tertiary industry activity index around -0.8%. In New Zealand, The Business Manufacturing Index is at 48.8.

MAJORS:
EUR/USD: 1.4858
GBP/USD: 1.8651
USD/JPY: 109.48
USD/CHF: 1.0889

Here is the news to look forward to for the European Market: All times in GMT.
0645 Switzerland’s Consumer Climate, already reported at -17. Not good!
0700 Germany will release a preliminary GDP and a Final Consumer Price Index.
0745 France will have Non Farm Payroll releases and their Preliminary GDP.
0900 Look for the Central European Bank to release a Bulletin. Check for Monetary Policy clues, and then big accordingly.
1000 Europe will then release a core commodity and a regular Consumer price index. Also in tandem, we will get then number for Flash Gross Domestic Product.

Have a great day and TRADE ON!!!!

Asian Market Forex Session August 13 2008

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Hey there! How did the trading go folks? Making any serious money??? In forex news, oil takes a small dip to reach $113 even despite the russia-georgia debacle, and the cheesesteak kings at the Philadelphia Fed see beyond the cheese wiz and fried onions and state that the economy is going to slow down even more then their previous forecast. We also got news on how the Banking industry lost a half a trillion dollars in bad mortgage paper due to the subprime mortgage crisis!

And how did the US Market do?
The Trade Balance session did pretty good, with Canada coming in at 5.8 Billion and the United States having a decline of -56.8 Billion, but not as bad as the forecast of -61.8 Billion.

the Investor Business Daily also came out ahead with 42.8 over forecast’s 38.5.

The Asian Forex Market Session is jam packed with news events today, times in GMT:
0015: Reserve Bank of Australia Assistant Governor Doctor Philip Lowe speaks in a finance related forum in Sydney.

0050: Japan will release a trio of reports, two being Gross Domestic Product, preliminary quarterly, and preliminary price index. Also the Current Account numbers will be released as well.

0130: In Australia, the Westpac Melbourne Institute releases the Monthly Consumer Sentiment statement.

0230: Australia will also release their wage price index.

See you in the European Market Session! TRADE ON!!!

Thomas Howell
goforextrade.com

Forex Market: July 31 2008 GoForexTrade.com

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Good morning and welcome to Thursday’s trading session. Let’s start with the news.

Japan has improved the negative outlook a couple of shades in housing starts this morning.

The european market so far has seen Switzerland’s Consumer Price Index monthlies beat the consensus, but remains in negative territory at -0.4%

England has also negative numbers for their Nationwide House Price Index, which was released at -1.7%.

Europe has quite a few things going on today for them. We are still waiting for Germany’s Unemployment change numbers, Europe’s Unemployment Rate, Consumer Price Index flash estimates, and Italy’s Preliminary Consumer Price Index.

In the US market, we have a ton of news items to cover, first we have a pair of heavy hitters in Canada and the United States, releasing their Gross Domestic Product. Then the USA takes the rest of the cake with Advance GDP price index, Employment Cost Index, Unemployment Claims, Chicago’s Business Barometer, and Natural Gas Storage.

Also look for some words from Us Treasury Secretary Henry Paulson. I wonder what he will say!

Capping the Asian Market, we have pair from Australia, first being the Manufacturing end of the Purchasing Managers Indices, and We will get inflation numbers from TDMI.

SITE NEWS!!!

For the last couple of weeks, instead of posting 3-4 posts a day, I have only done one post a day. Honestly I do not like doing a one post a day, and I think it is really killing the integrity of the site.

As of next week, we will return to doing market reports for European Markets, American Markets, and Asian Markets. We will be doing three posts a day, One before Europe’s Market Open, Another Before The US’s open, and last but definitely not least, Asia’s report before Sydney’s open!!!

Thank you again, and TRADE ON!!!

Thomas Howell
GoForexTrade.com

US Market Wrap Cap - Asian Session Open GoForexTrade.com

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US Wrap Cap: Bernanke Speaks! Whoah!
Yes, the almighty voice of Fed Chief Ben Bernanke has some currencies shaking in their boots today. When The Fed Chief spoke about not lowering interest rates, and declaring that the stimulus package and recent tax breaks for businesses will help shape the US economy into a better frame. Everybody took a nice beating, at least one cent/yen/pence to the dollar. The Euro had it coming, and lost 2 cents before retracing and taking some back shortly thereafter. Now the EURUSD is going sideways at 1.5454.

OIL, Yes! The light sweet, but crude reality.
After Bernanke’s rant this morning, Not only the dollar sent a smack of rebellion to currencies worldwide, but Our favorite hydrocarbon du jour took a $3 plunge (ATTENTION Speculators: REALITY CHECK!) as well to $124.30. People can drive their SUV’s with a bit more assurance now.

WHILE ON THE SUV TIP….
GM and Ford both are having their days in the barrel, No pun intended. GM is planning to close 4 plants, and Ford has reported that sales of SUV and other gas guzzling delights have taken a crap in sales volume. Could we say FIRE SALE for that H2 you always wanted in gunmetal gray? I’ll be in line for that, but unfortunately I am so salivating over an X6. NEXT!

News To Look Out For Tonight!

Tonight is looking somewhat quiet in the news end of things. in less than three hours, England is pulling a late night with numbers on the Consumer Confidence Index. I am expecting a lower number for this indice.

For the morning in Sydney, we will get from them the Numbers from the Service Sector, and Gross Domestic Products quarterlies will be out shortly after that.

Let’s swing over to the Aussie’s next door neighbor, New Zealand and shortly after lunchtime we will see the ANZ’s monthly Commodity Price Index. This will be the barometer for inflation in New Zealand, measured by 17 core commodity exports.

Last but not least, Tokyo is going to release numbers on Capital spending in a few hours. This measures the amount of funds that businesspeople in the private sector spend. The forecast is looking at -9.6%.

Otherwise, it is a quiet newsnight.

Have an awesome sleep for those on my side of the Pacific. Other wise good morning! and I will wake up with the fellow europeans to report numbers and newstuffs!

TRADE ON!
www.GoForexTrade.com

North American Open for June 3rd 2008. GoForexTrade.com

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Good morning!

as I am writing this Market Cap, Ben Bernanke has said some positive comments on the dollar, and across the board, everybody just stopped what they were doing and started buying the dollar.

The US fed chief has commented on the current situation of the dollar, and has admitted that they are not happy and that now bringing the dollar back is there core focus.

So the EURUSD took a nose dive from 1.5601 to 1.5440. My question is, how much longer with this dollar rally last? With Factory orders, Domestic Car Sales Numbers, and TAF Summaries due out, This could be a long strange trip for the greenback.

Let’s go over the Euro session so far….
IN EUROPE… The PPI Index has came in right at forecast level, and the GDP was above expectation on the good end of thing, but that couldn’t hold off the dollar from having a remarkable 150 pip rally after Fed Chief Ben Bernanke’s words motivated banks and many more to buy the dollar!

Be back in a while to report the numbers at noon!

Good Morning! Here is your Euro Open and Asian Close Report from GoForexTrade.com

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Good morning to those in Europe and Britain. It is time to rise and get to some great trading!

First of all, let’s get the news to conclude the Asian trading day…

Quick note from Japan… The Monetary Base was spot on on forecast, taking other currency crosses for a ride of at least 75-100 pips. The Pound got really hurt and dropped from 208.60 to 204.62 and still is declining at this moment. I think London will wake up with a small headache with this.

All of the numbers from Australia came out in positive fashion, as the Cash Rate was spot on, and Building approvals were well over expectation. at writing, the AUDUSD was relatively sideways at .9545, which the EURAUD cross have some greatly volatile waves in range of around 70 pips, hanging in there at 1.6290, might be something to look at on the scalping range.

While we were writing, the Swiss had some good news with the CPI staying around .8%, helping the Franc beat back the Euro, and Pound.

OIL! What is the word on my Sweet Crude Oil?
Right now, that Sweet oil that powers up everything from Cars, to making plastic bags for sandwiches and storage containers went up a wee bit to $127.40 a Barrel.

NEWS ITEMS TO WATCH OUT FOR IN EURO/GBP SESSION:
Ok Folks, I’ll lay it out per country:

ENGLAND:
Within a couple of hours, not too much after opening, You should get some numbers on Construction Indices. Just like with the Manufacturer’s Index from yesterday, it would combine employment, supplies, new orders, and inventories, and blend them into a number either nice or not so nice.

We are still waiting for those numbers from Halifax on House Finances.

EUROZONE - 13:
Expect numbers to come out on PPI and Revised Quarterlies on Gross Domestic Product. Later on today we should hear some verbage from ECB President Trichet as well.

There is your Numbers to look for this morning.
TRADE ON!

www.GoForexTrade.com