Good Morning and get ready for another wonderful trading session!

Europe’s market is a bit quiet, and Oil is shooting down fast! Maybe the SUV set would be more than happy to pump gas once again? Who knows!

With Europe’s Market, we are looking at Europe’s Consumer Confidence Levels and Switzerland’s Leading Index.

The American Market is a bit busier with a few items. First, we start with the ADP Nonfarm Employment Change. ADP is a third party payroll company that does the payroll for many large and small corporations and businesses in the USA.

Then another heavy bag for the US is crude oil inventories. If we can get through this reading, I know that we will have cheaper oil later on today for September delivery.

Canada will have numbers today around 8:30EDT for their Raw Materials Price Index and Industrial Product Price Index.

After a late night tea session announcing the GfK Consumer Confidence in England, We have a busy asian session in store.

First, Japan will put out there Manufacturing PMI. Their last number was 46. Later on we will see Average Cash Earnings as well.

Australia will release three things for later on: Look for Retail Sales Monthlies, Trade Balance, and Private Sector Credit Monthlies.

New Zealand tops the end of the Forex Day with Business Confidence Levels!!!!

Have an awesome day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

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Hello, and welcome to another awesome Forex Market Week! Are you ready to make some good pips this week? Let’s get into the news from Asia’s market, and then talk about the rest of the day.

For starters, Oil is just a bit over $123 at writing.

New Zealand has released their trade balance, which was at a deficit at -.22 Billion, but surpassed consensus’s bid at -.4 Billion. Way to go!

Australia had a couple of items on the list for yesterday, first being some words spoken from Reserve Bank Assistant Governor Dr. Guy Debelle. The podium piece was at a conventon about debt, something some of us for sure know first hand!

The second item that was on the docket was the National Australian Bank’s Quarterly Business Confidence has dropped to twice it’s previous number at -8.

Going into the European Market, we have German Consumer Confidence, which is coming in at a decline at 2.1 previously at 3.6.

The Us Market is just about quiet, but we will be expecting some word from Federal Open Market Committee member Frederic Mishkin.

The Asian Market Session later on will be the busy one here, starting with New Zealand’s Monthly Building Consents, (These are Building Permits actually, to eliminate Confusion.)

Japan has a trio of events happening. Starting with overall household spending over last year in comparison. Also look for Retail Sales, and the Unemployment Rate.

Australia comes on the map to close out the news with the Leading Index Monthlies.

Have an awesome day of trading, and TRADE ON!

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Good morning and welcome to the trading week! Monday is a very quiet day obviously, so we are going to use just one post to cover everything here instead of spreading ourselves thin. We would rather have blog posts that are full of information and engaging, instead of having a small blog post for quiet days like today.

The three BIG events we will have today in the Forex Market:
1815 GMT
Switzerland will release their Product Price Index.
1500 GMT
United States - Leading Index
0050 GMT 7/22/08
Japan will release the All Industries Activity Index Monthlies.

Yeah, it is going to be a quiet one for sure, but maybe you should take this opportunity and take a look at a new site we have just unveiled. Well, ok, not really that new, but it is a cool site that I revamped and reincarnated as a blog site.

ILiveInSuccess.com is the site, and we will have alot of non-forex things, from weight loss, to the semi-soon-to-be-famous Ferraris of the week, and product reviews to make life more fun and productive, not to mention more predictive sales incomes???

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Good morning folks, how is the trading this fine morning?

Let’s get right down to the trading news.

But first, let’s cover what has happened from the US and European Markets so far….
EUROPE!
Switzerland: The land of Helvetica had quite a few news numbers that came out earlier today…
Trade Balance is looking very good, with an increase of 1.87 Billion Swiss Francs. Good Stuff!
Also they decided to keep the Libor rate at 2.75%, and Jean Pierre Roth discussed earlier today that the economy is going to see a slight downturn in 2009, and opines about a possible rate hike to offset any inflation worries.

England: Two to the good and one to the bad here today. Retail Sales increase dramatically at 3.5% and Public Sector Net Borrowing shot up 2 Billion over expectation, which the number was 11 Billion over 9 Billion. The only pessimistic thing we have here for poundage, was the M4 Money supply, which just feel a teenzy weenzy smidgen of a percent of a point off!

E-13 (That is the Eurozone!)
Italian Unemployment Rate: 6.5%! fell from 6.2% where there was possible speculation that the rate could of dropped to 6% but went the other way another .3%.

Oh Canada!
Canada came out with their Consumer Price Index Numbers today, the Core CPI remained unchanged, while the CPI came out .4% higher than the previous month. Wholesale Sales doubled from previous months to increase at 1.4%! That is just amazing! What bad economy is going on? Oh, wait a minute, this isn’t the United States Report, duh!

United States!
So what do we have here! Unemployment claims had declined a bit from previous statments, but fell under expectations that we were going to have even less claims! Ok, euro, time to pull out the currency steamrollers!

Grosser and the Cheesesteak and soft pretzel Squadron at Philadelphia’s Division of the Fed Cited a negative 17.1 on the Manufacturing Index. More Cheesesteaks NOW! j/k

Two other numbers to report for right now: We have an increase of 0.1% on the Leading Index Monthlies, and Natural Gas Storage fell under the 61 Billion Cubes expectation with 57 Billion Cubes.

After lunch we should hear some words of sage advice from Treasury Secretary Paulson, and then we will have FOMC’s Kohn a couple hours after that.

Also for the post market in England, Sir John Gieve will talk about the Monetary Policy situation.

TRADE ON!

Thomas Howell
www.GoForexTrade.com

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Good morning my fellow Americans. How did ya’s sleep? Had a hell of a week to recover from, with oil and stock woes all across the board, hopefully this week will be better for you.

Japan, we forgot to mention, Had an index for Economy Watchers. This is Japan’s Index for the service sector, and has fell shy of expectation at 32.1 under 34.5.

How did Europe do so far in their session?
Looks like Germany is shipping more goods out then taking in to the amount of 18.7 Billion. Not Bad! Sentix Consumer Confidence came in at a way high number at 5.2 over the expected 3.0. In England, the PPI Input came in at 3.8%, well over the 2.6% expectation and the Output was 1.6% over .8%.

So far so good for europe, but a great deal of news will happen later on in the day, with a couple of anouncements being after the market close.

As we are writing, the numbers for Canada’s Housing Starts are coming out. This number is 221K, which is just over expectation of 220K.

Activity in the USA For Today:
The news items you need to watch out for today, is in about a couple of hours from now, you have Pending Home Sales and later today you have NY fed cheif Geithner talking as well as Bernanke, but he doesn’t appear until later tonight.

Meanwhile on the other side of the pond…
We will have Swiss National Bank Chairman Jean Pierre Roth speaking shortly, and around lunchtime in the states/later this afternoon in europe, another Jean speaks, Jean Claude Trichet from the Central European Bank.

Everybody have a good morning trading. Make some serious pips! TRADE ON!

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