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European Forex Market Session August 13 2008

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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

Asian Forex Market Session August 7th 2008

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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

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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 Open: 7/3/08 GoForexTrade.com

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Good morning! Ready for one Heck of a trading day? We have a GREAT news lineup for you today. Jobs report is due out today, and I know everybody is excited, rather for the menage a duo of the jobs report and ECB’s Interest Rate. And for our fellow US traders, tomorrow is independence day, which GoForexTrade.com will only report the european market and take an early three day weekend. Time to have an awesome BBQ!

Let’s get right down to the european news!!!
Switzerland:
Consumer Price Index didn’t make the .4% forecast, but instead opted for .2% instead. The Swiss National Bank has discussed as well about the economic forecast, and mentions possibilities over job cuts.

Europe - 13 (Eurozone)
Services Purchasing Manager’s Index reached 49.1, just a tad under the 49.5 forecast.
Retail Sales up 1.2% from last month
We will not have a bid rate from the ECB until another hour from now.

England
Services Purchasing Manager’s Index reached 47.1, under 49.5
Credit Conditions Survey states that the credit crunch is only going to worsen in the third Quarter (July-September)

So, ARE YOU READY FOR THE WONDERFUL US MARKET JOBS REPORT!
And you know this had to happen JUST after the ECB Bank Rate Statement. An amazing clusterfuck of trading porportions in the trillions is going to occur.

8:30 Eastern Time is the hot time here. We are looking at Nonfarm Employment change, Unemployment Rate, Average Hourly Earnings, and Unemployment Claims. that alone could throw the dollar around at least a few cents.

A while after the blizzard of news activity, we will get US numbers from ISM Non-Manufacturing Composite, and Natural Gas Storage.

Have an awesome day in trading, and remember, GoForexTrade.com is taking off after the Euro Market Open Tomorrow in observance of Independence day. TRADE ON!!!

Thomas Howell
goforextrade.com

US Market Open June 6th 2008 GoForexTrade.com

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Good morning my fellow Americans!

Looks like you didn’t do so well with the job reports. Yeah, this country lost only 47,000 jobs, but the unemployment rate shot up to 5.5% Now the euro has every reason to paint the town red and walk all over you. EURUSD is valued at 1.5672 as I am writing.

The French has slightly overspent their budget, but heck, is that going to really overshadow the US jobs report? Not in a million years. But their trade deficit has reduced a nice bit and evened things up for them.

In Germany,
Their industrial production has gone down a bit, in the neighborhood of .8%. But again, who cares! Everybody just wanted to hear how bad the US jobs report was and really shove it to us!

O Canada Jobs!
For Canada, the unemployment rate remained unchanged, and The change of employment was at 8400 jobs. On the market, the currency is sideways with most world currencies for right now.

OIL over $130.
For you SUV driving folks, you can thank Ole Slorer from Morgan Stanley for opening his big mouth and saying that oil might hit $150 soon. You know your oil tycoon friends were salivating at notice and hit the buy button without hesitation!

Later on for today, the United States will have numbers for Wholesale Inventories and Consumer Credit levels. I will instead of having a midday report, I will have a condensed report later this afternoon.

TRADE ON!
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