Well well well, if we couldn’t have just another fine freaking day on the street! Another day of widespread panic on the world markets, as the Retail and economic outlooks in the US market are about as bad as week old dead salmon laying on a grass marsh.

I seriously do not have any trust in the market now. Bad as week old salmon on a marsh and has more mood swings than your wife going through menopause, the uncertainty keeps on rolling. Where is the bottom? Are we yet to see a bottom to this pathetic market situation?

In the forex game (EURUSD), we are being affected from what it seems to be normal swings. a few cents and here, perfect for scalp traders who are wanting to scoop 10-20 pip trades with ease.

The dollar though as a whole is gaining ground in the world markets, only though because not only because other host currencies are having a tough time with the economy, and always concerns about inflation as well!

Remember, when you have to lower rates, inflation will eventually creep up! and if you have to raise them, you will have an increase on foreclosures god forbid if you have an adjustable rate mortgage.

Today, starting with europe, Switzerland is starting the coffee roll with Retail Sales per annum. Reported dead zero, under  the .9% up forecast.

Italian Trade Balance loss at 2.12 Billion. MORE FERRARIS!!!! heh while the dollar is gaining on the ground!!! Maybe they can have a fire sale and sell me a F430 for the price of a new Mercedes 550SL!!! That will increase the trade balance FOR SURE!!!!

Switzlerand will also push some ZEW numbers in an hour from now.

Canada is rolling out Manufacturing Sales per month.

The United States is just having one hell of a time with news. lol! The state of the news is SUCKS, with a side of Horrible!

The big hitters are going to be unemployment claims, Consumer Price Index, and TIC Long Term Purchasing. Also some major contributors to the fun today will be Industrial Production, Capacity Utilization Rate, And Chuck Plosser and the Cheesesteak Gang will release the Philly Fed Index.

But don’t go away, we also have Crude Oil and Natural Gas Storage as well! And Housing Index numbers along with Fed Member Gary Stern, will probably talk shit about the market and call out some banks for screwing things up.

And to cap things off in Asia, Japan will release tertiaries in industries, and Australia will release Import Price Quarterlies. Fun.

TRADE ON! AND keep the hope alive!!!
Tom Howell
GoForexTrade.com

Follow GoForexTrade.com On Twitter!

Welcome to your european news session report. From the asian session… Crude Oil remains pretty much unchanged throughout the asian session despite the conflicts in georgia. Main pipelines to the province have been shut down for protective measures and protect commodity prices.

MAJORS:
EUR/USD: 1.4929
GBP/USD: 1.8981
USD/JPY: 108.74
USD/CHF: 1.0841

Japan’s trio of news events have been mixed. The Preliminary Gross Domestic Product, had came in exactly on the nose with expectations, but the GDP price index failed to impress at -1.6, falling just short of -1.5. we can report that the current account has done a great job at 1.29 Trillion to the good.

In Australia, Westpac Melbourne Institute announced 9.1% on their consumer sentiment survey, and the Wage price index went in the green to the tune of 1.2%.

Tonight, in the European markets, we will see a England dominated session, with their Jobs report on the line. 0930 GMT will roll out the Claimant Count Change (Unemployment Claims), Average Earnings Index, and Unemployment rate. Look for a small increase on the unemployment rate and Claimant Counts.

England has one more item at 1030 GMT, which is a report on Inflation, provided by the Bank of England.

Europe has a number on Industrial Production around 1000 GMT.

Have a good one, and remember to TRADE ON!!!!

Thomas Howell
goforextrade.com

Follow GoForexTrade.com On Twitter!

Good morning fellow American traders! Ready for another week of Oil, Hot Dollar on Euro Action, and Banks Having more issues than the town drunk? Sounds like an episode of Jerry Springer, doesn’t it? It is actually the nature of the US Markets!

Time to make some money today!!! Here is the results from earlier today…
In England, we had Inner and Outer Producer Price Index… Both didn’t make the consensus’ expectation, but reached at 2.1% for the former and .9% for the latter.

In Europe the Industrial Production levels decreased 1.9% but this indice was expected to do worse at -2.3%.

For the US Market Today, The Federal Reserve Governors are making some votes on rules and regulation on customer protections in wake of the subprime mortgage situation in the US.

Sweet Crude Oil was priced at the time of writing at $143.22, falling a few dollars from the $147 peak that was reached before the end of trading last friday.

Have a great day and TRADE ON! Tonight’s Asian Market Session will be a bit busy with news, as we have about 8 events to talk about!

Thomas Howell
GoForexTrade.com
P.S. Take a minute to check out Brain TonIQ, the official drink of GoForexTrade.com. If you want a great energy beverage that has no caffeine, but can stimulate your mind without cane sugars or fats, or B.S. Click Here to take advantages of the case specials we currently have with Brain TonIQ

Follow GoForexTrade.com On Twitter!

Good morning! Welcome to another great day of great forex trading!!!

Let’s recap the news from the earlier part of the European Session…
Right out of the gate, Switzerland released numbers for their unemployment rate, which remains unchanged..

EUROZONE
Sentix Investor Confidence took a huge blow at a -9.3, compared to a consensus of 2.5. OUCH!
German Industrial Production also took a nasty hit at -2.4%.

England
Industrial Production is down -.8%, as well as Manufacturing Production at -.5%
We also have the NIESR GDP Estimate, which was guesstimated at .2%

Out of all of the negative news, Canada’s Building permits have increased 1.1%!!! I knew we had to have some good news on this report somewhere! lol

We are still waiting on news from the Bank of Canada’s business outlook survey.

Oh, and here is some more good news for the US readers: Speculation from the G8 Meeting in Hokkaido Japan, will look more positive for the dollar, and eventually a cheaper gallon of gas!

Join us for the Asian Market Open this afternoon.

TRADE ON!
Tom Howell
GoForexTrade.com

Follow GoForexTrade.com On Twitter!

Hello traders! Welcome to the european market session! Did you have fun with the asian trading session? did you make any pips? Or maybe you are just grabbing a spot of tea, reading the finance pages at yahoo or some forex site (preferably goforextrade.com) getting the scoop on the world markets!!!

How was the weekend? Did you get some well deserved rest after that mean punch the Euro took? Ready for another amazing week at the charts? Let’s get to some news, shall we?

WE have in store, one HELL of a busy day here in Forex Land.
Let’s start with Switzerlands Unemployment Rate for June. That number will be released in a few minutes.

630 GMT
Australia, will release the amount of currency that it has in Foreign Reserves.

830 GMT
Tons of news here. England will release Industrial and Manufacturing Production Numbers, both Same time Last year and same time Last Month. Europe will release their Sentix Investor Confidence Numbers.

1000 GMT
Germany, of the Eurozone 13 will release the Industrial Production from May.

TRADE ON!

Follow GoForexTrade.com On Twitter!

Hey Traders! How is your day so far? If you are on the other side of the Long Pond, Good Morning!

So, Ben Bernanke made a podium piece at the dedication of the new Federal Reserve Bank at Kansas City. Bernanke quoted that the bank has been in sound operation for nearly a century and will still be a sound operation in the future. Ok, a very stable Delaware Corporation that is! lol

So, what is on the news tonight?
well, in a few minutes, we should be getting some word about the Google Yahoo fine mess that we have been hearing about for a while. Both stocks had taken a tumble in recent trading.

New Zealand Activity….
Tonight, look for the Core Retail Sales, and the regular Retail Sales monthlies.

Japan!
Overnight Rate Numbers will be released. Also look for the Industrial Production Monthlies, Household Confidence, the Bank of Japan Monthly Report and a press conference shortly to follow.

Also, The Group of 8 (G8) Finance Ministers will be getting together in Osaka Japan to discuss pressing global finance issues throughout the day. Look out for news shots as the trading session goes on.

Australia…
Reserve Bank of Australia’s Governor Glenn Stevens is going to wax a tad on some pressing monetary issues.

Folks! Have an awesome day of trading! See you at the Europe Open. Have fun! and TRADE ON!

Follow GoForexTrade.com On Twitter!

Good morning American Forex Traders. How is everything so far? Enjoying the nice rally off of the Euro?

Before we get into today’s news events, let’s quickly recap the european sessions so far…

In Europe, French Final Employment Change Quarterlies came out positively at .4%. The European Central Bank has stated that with the current status of the central bank, they are ready to move on countering the ever increasing threat of Inflation. Industrial Production is up .9% for the month.

From One Bank To The Next:
Bank of England stating their inflation attitude index at 4.3%, over the previous percentage of 3.3%.

EU Lisbon Vote:
We are still waiting for the results of the Lisbon Treaty Vote for Ireland.

For some US Session News….

around 830 -4 GMT, We will have a round of news from the United States.
In this round of news, we will expect numbers from heavy hitters such as Retail Sales, Core Retail Sales, Import Price Index monthlies, and Unemployment Claims.

A bit later in the day, We will also have numbers from Monthly Business Inventories, and Natural Gas Storage Numbers. also expect Uncle Ben to put out a few words. In his usual speech streak, he usually helps the dollar against the euro.

Well, that is my US morning report, I should be back around noon to report the midday. TRADE ON!

Follow GoForexTrade.com On Twitter!

Good morning everybody! Reeling off of the european market with more caffeine in me that what a starbucks pumps out in a week. Let’s get to some awesome trading, shall we!

As of right now in the Us, Dallas Fed President Fisher is going to put a few words in at time of writing.

Let’s get out the previous numbers from earlier.

Everything in production did great in Europe this morning! The numbers for Italian, English and French Industrial Production came in positive territory, and English Manufacturing were as well!

England has a great 4.9% increase in home prices over last year. Only if we could say the same thing for the US housing market.

Bank of England Governor Mervyn King spoke strictly about improving financial stability, avoiding the topic of Monetary policies.

Time is in EDT (-4GMT)

At 8:30a we have several reports coming out from Canada and the US

Starting with in Canada with their trade balance numbers. Stateside, we will also see a Trade Balance number come out and Fed governor Mishkin speaks, probably to reflect on recent economic conditions and the trade balance.

9:00a
Canada will state their Banking Interest Rates, and then quote their Overnight rates as well. 2.75% is the magic number here.

10:00a
US releases IBD/TIPP consumer confidence numbers. This is a pool survey where people are polled over a time period and asked to reflect on their opinion on the overall economic conditions. This will be interesting…

Have a great trading day! be back later for noon!

TRADE ON!
Tom Howell
GoForexTrade.com

Follow GoForexTrade.com On Twitter!