The day after the discount interest rate drops in the US Federal Reserve, The asian markets are starting the day off in the wrong foot. As of time of writing, the Nikkei 225 is at -318 and the other two markets are not open yet. A possible tell tale sign of this huge downshot every analyst is waxing about? hmmm….

A little while ago, The Japanese market news seemed to propel the trading sentiment. Looking at a decline in unemployment percentage, household spending, modest Consumer Price Indexes, a and a slightly down Manufacturing PMI could explain the whole situ.

Or it could be some profit taking before Japan’s Interest Rate decision, which analysts are looking at a quarter point, bringing the interest rate down to .25%.

Australia’s RBA will have some words from Dr. Guy DeBelle, the Reserve Bank’s Vice President. Private sector credit from previous month has increased .7%.

The US Markets had their day in the barrel. The economic barometer, the Gross Domestic Product, has shown a .3% decline from last quarter. Another quarter of negative production could technically classify us as being in a recession, if we didn’t know already.

Unemployment claims had remained the same around 479K jobless claims. Natural Gas Storage is at 46 Billion Cubes, well over the 41 Billion cube forecast.

Oh, and before I go, check out Oil! Oil drops nearly $5 to $64.90.

Folks, Have a good Asian Session and TRADE ON!!!

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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

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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

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Wow! What an amazing US session we had! Oil is just dropping faster than the pounds on “The Biggest Loser!” Crude Oil on the New York Mercantile EXchange has dropped down to $129.29. Keep drilling offshore and if we see prices go down to 30-40 a Barrel, I have a reason to buy a Hummer H2 in Gunmetal Grey! (Actually, I would much rather prefer a BMW X6 50i, the Hummer H2 was for effect only.)

So, how did the US Market do? Let’s roll out the numbers for you right here!!!
Building Permits are UP! 1.09 Million over .96 Million
Housing Starts are UP! 1.07 Million over .96 Million
Unemployment Claims DOWN! 366K instead of 380K!
Natural Gas Storage Cubes UP! a STAGGERING 104 Billion Cubes instead of 88 Billion on consensus. Now THAT’s what I call AWESOME! now Natural Gas will fall in price!!!

Of course we have some negative news as well. The Cheesesteak (Philadelphia Fed Manufacturing Index drops 16.3)

Tighter mortgage rules and looking further into mortgage broker compensation were the subject matter with Randy Krosner a Governor from the Federal Reserve.

Let’s not forget Canada…
Bank of Canada Mark Carney has stated in his latest podium piece, that the economy seems robust, and that Canada is doing very well with monetary policy. In the report, it is noted that Canada’s Inflation will peak due to soaring energy prices in 2009. Hopefully soaring energy prices not for long though! Start Drilling offshore NOW! heh

So what is going on for tonight?
Japan has a couple reports for today’s session. Masaaki Shirakawa will be speaking in several hours at Tokyo’s Research Institute of Japan. Look for any clues for monetary policy and also keep in mind that the BOJ’s Monetary Policy Minutes for this month’s meeting will be due out several hours before Shirakawa’s speech.

Australia will release their quarterly Import Price Index in a couple of hours.

TRADE ON! See you at the european market session!

Thomas Howell
GoForexTrade.com

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Good morning and welcome to another market session in the US! Are you ready for another action packed, news filled trading session?

The European session brought a couple of numbers this morning. Switzerland’s ZEW Expectations have actually slumped a bit past consensus at -76.9 and the Italian Trade Balance has well outshone itself with having a trade deficit of only .06 Billion! Wow! Pasta, Cured Meats, Wine, Ferraris and other good delicacies are doing well for them I see!

So what is in store for the US Market Session for today?

First stop, is Canada with Foreign Securities Purchases. Later on in the morning, Canada will release some notes from the Bank of Canada’s stance on Monetary Policy and even BOC Governor Mark Carney will even have a few words!

Ok, now back in the US, and we will have a couple of housing related heavy hitters this morning. Building Permits and Housing Starts start the morning, then we will have a number on unemployment claims.

We will have some words from Federal Open Market Committee Member Randall Krosner, most likely regarding monetary policy and opinion on interest rates.

1400 GMT will welcome the cheesesteak index (Sorry, I couldn’t help it, it was the philadelphia thing again!!!) The Philadelphia Fed Manufacturing Index will be released. 30 minutes later, look for the Natural Gas Storage numbers, and look for the magic number of 88 Billion Cubes (Cubic Feet, as in Natural Gas Measurement.)

That is what is going on with the US Market Today! we have a ton of news here, and I hope you get some serious pips along the way!!!

TRADE ON!

Thomas Howell

Goforextrade.com

P.S. And if you are struggling to get those pips, maybe you would be interested in an automated trading system such as the forex funnel. The Forex Funnel has been proven to bring in at least 6 figures a year while you just look and stare at the screen. Check out the Forex Funnel at ForexFunnel.Info

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Good afternoon and welcome to the Asian Market Session. Are you making any pips on the incline of the Euro and the Crude Oil jump?

The dollar has downed a bit along with oil increasing. Primarily due to the issue with Iran playing with missiles and of course a possible fear that also the same middle eastern country could cut off supplies and really screw with our economy. Fun isn’t it?

The eurodollar was at 1.5772 at time of writing.
Crude Oil was around $141.35 a barrel at time of writing.

So, how was the US market session?
Well, besides Bernanke wanting the Government to get involved with big wall street firm collapses, Unemployment claims have decreased nicely from 404K to 346K. This is well under the 397K consensus, which means we could be having SOME possible economic Growth.

And from England, the Bank Rate has stayed at 5%. The primary concern of the Monetary Policy Committee, is that the weighing of Inflation versus economic stability is a major factor in keeping the rate unchanged. Raising the rate would stave off inflation, but also could really mess up any mortgage or loan arrangements, that work on a variable or an adjustable mortgage or loan rate. Then you will have another mortgage crisis on top of one we are already having.

Case study is the current scenario in the US. With a massive drop in the Dow and a huge issue with Mortgage Foreclosures, the Fed had to make a move with cutting the interest rate drastically. Although we are saving homeowners from getting foreclosed, meanwhile prices for consumer goods and etc are rising! That is what we call inflation.

Natural Gas Storage, increase 5 Billion Cubes from 85 Billion Cubes to 90 Billion Cubes, but has not made the consensus’ bet of 95 Billion Cubes.

Trichet had a few words today on inflation and the current monetary policy. Though he did not signify a possible rate increase on top of the 25 point increase that was recently added to interest rates, Trichet mentioned a high concern for inflation.

With the Asian Market, We have two later news annoucements:
Japan will have monthly Industrial Production numbers around 1630 GMT, and a half hour later, Household Confidence.

Have a great trading day! TRADE ON!!!

Thomas Howell
Editor
www.GoForexTrade.com
P.S. Check out our Official Beverage, Brain TonIQ! No Caffeine, No Fat, No B.S! If you want an energy drink that will not kick you down, but instead stimulate your mind, check out Brain TonIQ.

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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

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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 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!

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good afternoon! How is everybody doing?

Let’s recap all the fun things from the european market.

GRAB a tea and read! England News!!!
Finally, we get a number from Halifax regarding House Price. I seriously don’t know what all the fuss was with waiting for this, because Halifax reported 2.4% in the red. The Bank of England decided to keep rates at 5%.

EUROPE news!!!
And Euro decided it had enough, and thought it could kick some major ass after hearing ECB’s Trichet’s podium piece on raising central bank rates in order to curb Inflation. The euro decided to two up the dollar by gaining a couple of cents to reach over to around 1.5559. This is after of course the ECB stating that they are going to raise their inflation forecasts for this year and next.

Despite all of the talking, the Minimum Bid Rate is staying at 4% for right now.

Germany…
Monthly Factory Orders are down 1.8%. And you would think with all of them cool BMW 3 Series they sell, they would have a problem with this!

Ok, so let’s delve into some US/CAD news shall we!!!

O CANADA!
Canadian Monthly Building Permits have gone up 14.5%! Wow! Canada is just having a great time with their housing economy I spose! With how bad the building permit declines are out here (Take for example, the great declines of permits in NYC) I can only hope it turns around. Another dashing glimpse of positivity came from the Ivey PMI’s, with a rising trend of 62.5 over the expectation of 58.8.

Unemployment Claims in the US of A!
Yes! less jobless claims have been reported. They were betting the house with 374K claims, and ended up getting on the better side of things with 357K claims. I guess that is what happens when you have to leave your 9-5 executive job, and end up working for walmart! lol

Talking about Walmart, heh, we are going to report that, the big box discounters, as well as retail in general had a very strong May. Looks like people might be wanting to spend some MONEY once again!

NATURAL GAS IS UP!
Our Natural Gas stores are at 105 Billion Cubic Feet! up from 87 Billion Cubes!

Around this time, Our local Fed King Plosser is going to talk. About what? maybe something about our wonderful cheesesteaks (AND YES, THIS BLOGGER IS FROM PHILADELPHIA! WOOT!!! LOL) or maybe something about how the Euro is handing our asses to us? Who knows! Maybe he would compare our recent sector improvements to the Phillies! GO RYAN HOWARD!

Have an awesome Afternoon, Night, Morning, What have ya, and talk to you around Close.

TRADE ON!
Tom Howell
www.GoForexTrade.com

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