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European Markets October 28th - Bailouts, Rate Cuts and etc.

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The Asian markets actually did some good in overnight trading so far…

The Nikkei pulled 250 to end up at 7413 and the Hang Seng, and impressive 675 for 11691. The Straights went straight down though to the tune of 95.79 to 1,504.

The USDJPY is hanging around 92.5 yen to dollar, and the EURUSD is currently dropping to 1.2365, and momentum is downward.

Japan’s Retail sales per annum has dropped .4%. In Australia, the NAB has rated business confidence for this quarter as a -7.

In England, Sir John Gieve, the head of the Bank of England during their semi annual Financial Stability Report, urged the banking system to be totally revamped and thought over greatly in order to properly weather through market situations such as the current financial crisis.

Forex News To Look For (IN GMT)
0700 German Consumer Confidence - GfK
0900 Switzerland - UBS Consumption Indicator
1000 Sir John Gieve from the Bank of England will speak in London at a British Bankers Association event.
1100 England’s Confederation of Business Industries Realized Sales will be released.

Good luck and be awesome! TRADE ON!!!
Thomas Howell
GoForexTrade.com

Dow dives 733, FTSE, Nikkei 225, World Markets Asses Handed

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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

US/Europe Market Session August 18th 2008 GoForexTrade.com

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Good morning and welcome to another week of great forex trading. This week we will see a few great things happen. Purchasing Manager Numbers, unemployment claims, and other heavy hitting currency shifting news items are expected to rear themselves to the world.

Also, on Tuesday, we are celebrating the launch of Jason Alan Jankovsky’s Forex Brotherhood. It is a new Forex Trading Community, nothing like you have ever seen before in the Forex game. Two daily webinar broadcasts, an exclusive forum, and software solutions that could possibly give you the needed edge in your trading game. Check Out Jason Alan Jankovsky’s Forex Brotherhood By Clicking Here

From Europe’s Market:
The House Price Index from Rightmove has declined to -2.3% from previous numbers. Rightmove is kinda similar to the REALTOR Real Estate Agent organization.

Switzerland’s Retail Sales have actually upturned 4.7%, well over the 3.2% expectation, Great Job!

We are still waiting for the Trade Balance numbers from the Eurozone, but let’s see what the majors are doing as well as crude oil!

Crude Oil has slightly surged to $114.33 on New York’s Mercantile EXchange electronic trading.

M A J O R S:
EURUSD 1.4723
USDJPY 110.17
GBPUSD 1.8660
USDCHF 1.0957

And for the US Market today, we are looking for numbers from Canada’s Foreign Securities Purchases, which will cover stocks bonds, and equities that are purchsing outside of Canada’s borders. Then the United States will have the National Association of Home Builders release a Housing Market Index.

That is all the news until the Asian Forex Market Session. TRADE ON!!!

Thomas Howell
goforextrade.com

US and Canada Forex Market Session August 13th 2008

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Good morning and welcome to another day of trading. We have some reports from the US market already, and oil is at the same price.

The European Market from earlier recapped here!
England’s job report, as expected was all in the red. The claimant count change was at 20.1K over 17.5K. The Average earnings index who didn’t make the forecast either, and the unemployment rate went up to 5.4%.

Europe’s industrial product sagged, but is dead even at 0.0%.

MAJORS:
EUR/USD: 1.4895
USD/JPY: 108.63
GBP/USD: 1.8726
USD/CHF: 1.0872

And here is what happened so far, and what we are still waiting for:

All USD:
Core Retail Sales: .4%, but just under a .5% forecast expectation.
Retail Sales: -0.1%
Import Price: up 1.7% the only positive news so far.

We are still waiting for the Business Inventories Monthlies, and Crude Oil Inventories, which will be released around 1500 GMT/ 10:00am EDT.

Have a great day and TRADE ON!!!!

Thomas Howell
goforextrade.com

Forex Market July 30th 2008

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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

Forex Market July 28th 2008

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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!

Forex Market Session July 24th 2008

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Good morning and welcome to another busy, fun filled day in the Forex Markets!

Europe has a ton of news today and yes, about 80% of the news will be Purchasing Managers Indexes.

Look for Purchasing Managers Indexes, both on the Service and Manufacturing End From France around 800 GMT, then 30 minutes later in Germany, and at 900 GMT for Europe’s total PMI.

Around 900 GMT, we will get a number from Germany’s Information and Forschung Index, for Business Climates and Business Expectations. Then Europe’s Current Account will be released, expect the magic number to be -.5 Billion.

930 GMT will see numbers from England’s Retail Sales Month to Month.

The US market will see a few heavy hitters at 830 am EDT, starting with Unemployment Claims. We are looking at a slight increase in claims. Fast forward to 1000 am EDT, we will get to see numbers for Existing Home Sales, a speech from New York State FOMC Member Tim Geithner, and Natural Gas Storage, which the consensus is looking at 83 Billion Cubes.

England will have a word or two from Monetary Policy Committee Member Richard Bean around the Close of the London Market.

Japan has the news for the Asian Market Session, with Tokyo’s very own Consumer Price Index Annuals, and then a Consumer Price Index Annual for the Whole Country of Japan. Then wait 20 minutes and the Corporate Services Price Index will be public.

There is the news to look out for today. Wish you the best of luck and make another fine day of trading happen!!!!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

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Forex Market: July 22rd 2008

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Good morning!

Are you ready to make some serious pips?

Let’s talk about today’s trading news, shall we?
First, we will see Switzerland’s Trade Balance. The magic number is 1.62 Billion. To Conclude the European major news, we will see words from Bank of England’s Mervyn King along with Sir John Gieve, which he will be speaking to the Parliament’s Treasury Committee in London about banking reform.

In the US Market, we will see Treasury Secretary Henry Paulson at the New York Public Library speaking about reforms in the banking industry.

Also, we will hear words from Fed Member Plosser, speaking not about the cheesesteak index of course (Philadelphia Fed Governor Plosser we are speaking about here), but rather we will hear words at a Philadelphia Business Journal Luncheon. Philadelphia Business Journal, is a prominent local Philly newspaper that deals with all things business.

We will also get numbers later for the House Price Index Monthlies and Richmond Manufacturing Index.

Canada will release their Core and Regular Retail Sales this morning.

Later on when the Asian session opens up, Australia will release their Consumer Price Index, ad Trimmed Mean Consumer Price Index. The “Trimmed Mean” means that this CPI will exclude some of the most volatile items and commodities.

Have a great day and TRADE ON!!!

Thomas Howell
GoForexTrade.com

US Market Session: July 16th 2008 GoForexTrade.com

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Good morning! Making any serious pips on Bernanke’s Comments, or any of the other bastions of Forex News on the dollar today?

Let’s cover the european session and then we will discuss the US markets.

Today we had Consumer Price Index numbers read from Germany, France and the EU. Germany’s Final CPI was at .3%, France’s CPI was at .4%, and Europes Core Commodities CPI was 1.8% while the regular CPI was at 4%, all increases.

Switzerland had nearly doubled their expectation on their Retail sales outlook on a gain of 7.4% from this time last year! Wow! Only if the US could pull such a feat!

England also had their jobs report come out as well this morning. The Claimant Count Change, is basically unemployment claims, and they had increased 15,500 claims, over 10K on consensus. The average earning index did not disappoint at 3.8% as well as the unemployment rate did go down a bit at 5.2% compared to the previous 5.3%.

So what is happening in the US Session?
A LOT! Canada starts off the bell with Manufacturing Shipments, which came in 2.7%, up from 2.1% on last month.

The US market has a ton of news to get through, about 9 major events. The US also released their Consumer Price Index today. The core Commodities CPI increased at .3% while the regular CPI was up at 1.1%

One of the big newsies today, the Treasury International Capital Net Long Term Securities had barely reached it’s mark today. At a consensus bet of 70 billion, the index only reached 67 Billion, from a previous month’s estimate of 111.9 billion. This index accounts for those who have made securities investments that mature in excess of a year or more.

Us Industrial Production is at .5% and the Capacity Utilization Rate is 79.9%. The Capacity Utilization Rate is based on the percentage of production that is averaged out by the production capabilities of utility companies, metal mines, and manufacturers.

Then here comes the sweet! Sweet Crude Oil inventories UP! Three Million Barrels. Add that to an news equation with the US looking to drill offshore, and my friend, the oil bubble will burst!!! Sweet Crude at time of writing is now around $134. SUV owners once again rejoice!!!

reports yet to watch out for:
The National Asociation of Homebuilders will have an index around 1700 GMT, and at 1800 GMT, the FOMC Meeting Minutes will be shared.

Podium Pieces:
We are still waiting for Englands’ Monetary Policy Committee member Spencer Dale speak, but we do have some wordage from Ben Bernanke. Ben made a few words on the nature of the US’s two government backed mortgage giants Freddie Mac and Fannie Mae. Ben states that these companies are not on the brink nor any danger of failing, as they are holding their water, but they are having a difficult circumstance raising any further funds. Both firms hold and guarantee more than five Trillion dollars of notes.

Wow! Can I have some of that! just kidding!

Have a great afternoon and TRADE ON!!!

Thomas Howell
GoForexTrade.com

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European Market Session: July 16th 2008 GoForexTrade.com

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Good morning and welcome to another great trading session in the European Market. Today is a guarantee for some hardcore business on the money side of things.

In the asian trading session, Japan released their tertiary industry activity index monthlies, and reported a decline of -.2%.

Australia had a pair of reports that came out, First being Westpac Melbourne’s Leading Index, which released a flat 0.0%. Then Glenn Stevens from the Australian Reserve Bank had commented on the possibility of keeping inflation at a low, despite slower growth and a high interest rate.

For the European Market, a busy one indeed, not as busy as the US Market, but it will have some heavy hitters today!

Europe’s Events:
600 GMT:
Germany will release it’s Final Consumer Price Index Monthlies, and 45 minutes later we will see France release their Consumer Price Index Monthlies.

1715 GMT:
Switzerland will put previous years comparisons in Retail Sales up to public…

1830 GMT:
England will have a trio of events going on, starting with a Claimant count Change, with a magic number of 10K. Also look for an Average Earnings Index and Unemployment Rate. Think of this as the “Jobs Report” For England.

Then at 1900 GMT, we will see europe with two more major news reports: The Annual Consumer Price Index and the Core Commodities Annual Consumer Price Index…

Have a great trading session! The US Market will be responsible for 11 news events, including a few very heavy hitting issues! see you then!!!

TRADE ON!!!
Thomas Howell
GoForexTrade.com

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