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European Forex Market Session August 11 2008

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Good morning and welcome to another week of forex trading in the european market. We are recovering from a crazy news weekend, with infighting with Russia and Georgia in Ossetia, to the Stellar spectacle at Beijing for the Opening Ceremonies for the Olympics. Also we have noticed a great decline in the euro, which means a surge for the dollar, and with lessening demand on oil, the Crude price has dropped significantly.

Let’s get right over to the news. All times released in GMT.

0700: Germany will release a wholesale price index. We will look for the number .5%.

0745: French Industrial Production.

0900: England will have a trio of market news events that will occur. We will see the Product Price index Input, Product Price Index Output, and Their Trade Balance.

US Market Session: July 15 2008 GoForexTrade.com

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Good Afternoon, and welcome to another trading day! A busy day is happenining in the world of forex, with the US taking a nice share of the news. Let’s go through the rundown on the european market and go through what has happened so far in the US Market!

EUROPE SESSION:
England:
CPI compared to last year 3.8%
Core CPI compared to last year 1.6%
Retail Price Index compared to last year 4.6%

EuroZone:
German ZEW: -63.9
Euro ZEW: -63.7

US SESSION:
Canada:
New Car Sales are up 1.1% over last month
The Bank of Canada has decided to keep their rates at 3%

United States of America:
Core Retail sales have slumped below expectation, but boosted .8% while the regular Retail Sales number have only went up .1% PPI compared to last month has increased 1.8% and the Core PPI only have increased .2% instead of reaching consensus of .3%

The Empire State (New York) Manufacturing Index has only declined 4.9, but not as bad as expected.
Investor’s Business Daily had their T.I.P.P. numbers come out and they did rather well at 37.4. Business Inventories increased .3% also!

Today both Federal Moneyheads Ben Bernanke and Henry Paulson had their piece today. Ben Bernanke sounds like the American Citizens have a ton to worry about. Why? Ben had mentioned that all around (housing, jobs, dollar, inflation, etc), the economy is still having a problem despite the Bank rate cuts that were recently issued.

The euro took a good stab as this news occurred. The Eurozone is now at a high of $1.60. How far will the dollar drop until a resolve occurs?

Henry Paulson, had of course a few words to say on the mortgage situation with Freddie Mac and Fannie Mae and the treasury’s position on not throwing out any emergency loans or purchasing any of their stocks.

That is the US Market Session Report. Be back later on for the asian market session
TRADE ON!!!

Thomas Howell
GoForexTrade.com

US report: 7/2/08 GoForexTrade.com

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Hello! sleep well? are on your way to trading in some time for some massive pips?

Let’s get to some news.

Europe Central Bank President Jean Claude Trichet has spoken to a panel in Paris about Financial Policies for lending institutions. There was not a mention on Monetary Policy.

in England Construction Purchasing Managers sank to 38.8, below the 43.1 expectation and Housing Equity Withdrawals have only garnered up 5 Billion, just .4 Billion under expectation.

Back to Europe, The PPI has increased 1.2%, well over the .9% forecast and the .9% previous level.

Here is some news that has already happened….
In the US Market, a sweet and sour day indeed has happened: Challenger Job Cuts from previous year is at 46.7%.

The big bad ADP Nonfarm Employment Change had taken a hard fall on job losses with -79,000 job losses. wow!

In positive news, the Us Factory Orders have increased .6% over last month, doing well over forecast numbers of .4% compared to the previous month’s 1.3%.

Crude Oil did take a stab back and inventories were 2 Million barrels in the hole. The current price is still hovering around $142. Ole Slorer has two more days to make good on his prediction of $150! I wish him the best of luck, but prepare to fend yourself off from Millions of SUV Drivers who are just going to be angry at his words.

We will have words from Treasury Secretary Paulson and FOMC’s Mishkin in the afternoon report.

TRADE ON!!!

Europe Market Open: 7/2/08 GoForexTrade.com

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Good morning european Traders! Good Afternoon and Evening to my fellow traders in Asian Markets!!!

Results from the Asian Market:
Japan’s Monetary Base has increased .4% over same time previous year.
In Australia, Building Approvals have reached a decline of -6.5% from last month. The expected forecast was -3.3%. But in positive news, Australia’s Retail Sales have increased .7% over previous month’s sales.

Europe Market….
In Paris, ECB President Jean Claude Trichet will have some words to flow at the 5th edition of the Rencontres Financières Internationales. Look for some clues on Monetary Policy and anything else that will potentially affect the Euro and it’s competing currency crosses.

England is due for Construction Purchasing Managers numbers and then Housing Equity Withdrawals.
Then Europe will have their PPI Monthlies.

So far, that is the european market for today. The US Market promises to be a busy day. Crude Oil is at $142.30. Let’s see what the day brings!

TRADE ON!!!

Euro Market Open 6/20/08 GoForexTrade.com

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Good morning! Welcome to a new day of trading currencies!

Are you ready to make some serious pips in trading some good news, or off some nice fibonacci retracements! Not to mention it’s the WEEKEND!!!! yay! I know you wanted to hear that one!

Ok, right over to the news…

Today, it is going to be a simple day actually, on all markets.
EUROPE:
German PPI Monthlies are due out, and Late after market close, Jean Claude Trichet, the Europe Central Bank President will have a podium piece at a Forum in Belgium.

SWITZERLAND:
Then Switzerland will come out with their PPI Monthlies as well!

Yep! THAT’s ALL, and for the US Market Open, we are going to only have news for Canada, but stay tuned, as we get you right over the homestretch into the weekend ahead!

TRADE ON!
Thomas Howell
editor
GoForexTrade.com

Us Market Open: June 9 2008 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!

Europe/England Open: June 9th 2008 GoForexTrade.com

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Good morning my fellow Europeans!!!!

How was that weekend? Have some fun! Eat an awesome full breakfast this morning with coffee and get energized to get down to some awesome forex trading. Let’s check out the news, shall we?

First, let’s see what happened over the long pond first…

Australia had an extended weekend, but Japan had a few news items to share…
Leading index falling just short of expectation at 92.8 compared to 93. But the Annual Money supply & M2 has stayed on forecast at 2%.

EUROPE NEWS!!!!
As of right now, Switzerland is doing the unemployment numbers, and as of writing, the rate remains at 2.5%, which is right on expectation. Wow, I think the US has a thing or two to learn here! lol.

Related Crosses:
USDCHF: 1.0208
GBPCHF: 2.0090
EURCHF: 1.6109

In a few minutes, we will get the German trade balance. This will signify if Germany is having a trade surplus or deficit. Shortly thereafter, Sentix will release the numbers on Investment Confidence.

Related Crosses:
EURUSD: 1.5782
EURJPY: 165.99
EURAUD: 1.6403

How is good ol’ Britain doing this fine morning!
How about a lovely spot of tea before we go on here! Thank you! And here is what’s going on with the Pound!

Well, first off, in a couple of hours we will get PPI input and PPI output numbers. This is the numbers for the purchase of raw materials that manufacturers purchase to make goods. And the latter number is for the sale of goods to the public or private sectors.

Couple more tidbits concerning europe, with a speech from Swiss National Bank Chief Roth speaking , of course Jean Claude Trichet getting his piece in a bit later, and of course England getting to stay for late night munchies and tea with RICS house price and BRC Retail Sales numbers.

More on this on our 1200GMT report for the US market open.

TRADE ON!

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!