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New York and Canada for May 12 2009

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Good morning my fellow traders! Check out the news for this morning!!!

US NEWS:
Trade balance is down, but not as bad as the consensus expected it to be. A total deficit of 27.6 Billion.

Federal Open Market Committee member Dennis Lockhart reminded us that although things are starting to improve, do not start thinking that “The recession is over” but keep vigilant until we are out of the situation.

Later on, look for the Investor’s Business Daily Economic Optimism outlook and the Federal Budget Balance Statement.

CANADA:
Trade balance is up by 1.1 Billion.

NEWS FROM EUROPE:

England: Unemployment rises to 7.1 percent over the previous 6.7 percent rate. 6.9% was expected but the situation was way worse then originally thought of.

GDP estimate is down 1.5% according to NIESR. Average earnings are down .4% but not as bad as original consensus estimates, which were in the neighborhood of .9%. Still, the economy is headed downward, it’s not over yet!

England’s Trade Balance took a hit at -6.6 Billion. Industrial and Manufacturing production is in the red, and a staggering 13.6% decline from last year in house prices have been documented. OUCH!

EUROPE:
Germany Kept on an even keel with Consumer Price Indexes and Wholesale Price Indexes.

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London and Europe for May 12 2009

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PREVIOUS EVENTS:
Home loans in Australia have increased to 4.9% over a paltry 1.2% from last month. This is even over the 4.5% forecast. Ok so the economy is not messing everybody’s credit up! Ok, I spose.

Japan is getting their news on Leading Indicators very shortly.

LONDON CALENDAR (IN GMT):
8:30 - Trade Balance, Housing Price Index annuals and industrial Production monthlies. Manufacturing Production is a heavy hitter to watch closely.

EUROPE CALENDAR (IN GMT):
6:00 - Germany will release their Consumer Price Index and Wholesale Price Index.

LATE MARKET STRAGGLERS:
9:30 - Australia: Annual Budget Release: Trading and paying attention to the Aussie? Have a look on their budget as it will dictate their monetary situation and national debts versus surpluses.
15:00 - BundesBank President Axel Weber has some words to say in Munich at this time.
23:00 - NIESR Gross Domestic Product Estimate

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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 & Canada Forex Market Session August 12th 2008

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Good morning and welcome to the North American Forex Market Session. are you ready to make some cold hard pips today?

Oil is taking the usual decline, and the euro is getting a big ass kicking. We were expecting this especially in the recent decline in energy commodities and the lowering energy demands of oil consuming countries like the United States.

So how is the european marketing doing? Lets find out, shall we?

in France, we had their consumer price index released and we found out that this index has declined .2%, which was right on forecast.

England had a few news reports as well. the DCLG House Price Index has declined .6%, well under the +1.5% consensus. Their Core Consumer Price Index was up 1.9%, while the regular Consumer Price Index arrived at 4.4%. The retail price index has increased 5.0% too! so there was good news in good ol england!

MAJORS:
EUR/USD: 1.4893
GBP/USD: 1.9015
USD/JPY: 110.16
USD/CHF: 1.0896

Crude oil is still lagging around the $113 pricepoint.

US/Canada Market News:

Today, around 8:30am EDT/1330 GMT, both the United States and Canada will release their own Trade Balance statements, both expecting to be heavy hitters of course!

Also look out for the investors Business Daily Economic Optimism report to come out shortly for the US Market!

Have a great day and TRADE ON!!!
Thomas Howell
goforextrade.com

Super Busy European Forex Market Session! August 7th 2008!

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Good morning and welcome to another day of forex trading. For the news trader today, or the person who loves financial news as much as I do! There is just a hideous outpouring of different news items today, from jobs reports to home sales, and Bank rate numbers and such!

From the asian market session, we can report that Japan’s Core Machinery Orders for June have fallen 2.6%, but not as bad as the markets predicted.

Australia’s Purchasing Managers Index for Construction was rated at 41.6.

We also had Australia’s jobs report as well, with an employment change of 10,900 jobs being added to the aussie economy, but the unemployment rate remaining the same at 4.3%.

WE can report also that Crude Oil has taken up a bit to around $119.

MAJORS:
EUR/USD: 1.5461
GBP/USD: 1.9493
USD/JPY: 109.44
USD/CHF: 1.0562

And here is the news for the European Market Session, noted in GMT:

0700 and 0745, the German and French Trade Balances at time of writing were already released and we can say that the German Trade Balance is 18.1 Billion Euros in surplus, and the French Trade Balance is at a 5.6 Billion Euro Deficit.

0900 GMT will produce two news releases. Firstly, the EU’s Italian Industrial Production Monthlies, which is forecasted for a .2% gain. Meanwhile in England we are looking at the Halifax Housing Price Index, which will see a 1.5% decrease in the forecast.

1100 GMT We will get the German Industrial Production which is seeing a forecast of .8% up.

Somewhere in the market session we will also get word on any fluctuation on the English Bank Rates as the Monetary Policy Committee will release their opinion and decision on rate changes if any.

Europe will then at 1245 GMT, release THEIR rate decision and have a press conference shortly thereafter discussing any fluctuations in policy or rates.

And this will cover the insane as heck European Trading Session. Have a fun day, make some mad pips and of course….
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 23rd 2008

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Good morning and welcome to another trading day! Are you making some serious pips out there? If you are great! If you are not at the time, just keep persistant and keep on educating yourself, you will get there in due time!!!

over the last couple of days I have received a few comments from loyal site visitors who expressed their experiences here at GoForexTrade.com. I do greatly thank you for the input and keep the comments coming! And again, thank you for visiting my site!!!

How about we get to some news on the Forex front, shall we?

Today will be a busy day and and we are looking at some heavy hitters. First, France will have numbers on Consumer Spending. This is compared on a month to month basis.

Italy will have the numbers for retail sales. This is also a monthly index which shows the fluctuation in retail purchasing.

England will have a few news reports coming out this morning around a couple hours from now. One of the heavy hitters we will mention is the Meeting Minutes from the Monetary Policy Committee. The minutes have a huge importance because it could mean a change in interest rate, banking regulations or another major issue in banking. At the same time, the British Bank Association will have their number for Mortgage Approvals.

Europe will then release their Industrial New Orders then England will cap out the European Market News with the Confederation of British Industrie’s Industrial Trends Orders.

In the US Market, we have a couple of heavy hitters to talk about. Canada first off, will release Their Core Commodity Consumer Price Index, then their regular Consumer Price Index.

The USA will then post Crude Oil Inventories. This will slightly affect the dollar compared to crude oil prices. Expect this one to be a bit high on inventories, which might drop the price of crude even lower! Maybe we can drive the SUV once again eh?

Then the US has this so called “Beige Book.” What is the deal with this? Well, the Beige Book is a compilation of data of the economic status and situations of the 12 Fed Districts in the US. This is usually done about a couple of weeks before Bernanke and the Boys get together over a few drinks, a couple of testimonies to congress and such, and determine if there is a need a for a change in bank rate.

For the Asian Market, We have a big bad heavy hitter in New Zealand with the Cash Rates being unveiled in Auckland around market open. Expectation is to keep the rate at it’s current level of 8.25%. Expect a statement shortly thereafter by the Monetary Policy Committees.

And in Japan, look for their Trade Balance to be released!

Again, to my fellow traders in the Forex Market, and also site visitors who are just visiting to see us..
THANK YOU FOR YOUR PATRONAGE!!!!

Have a great day, and as always…
TRADE ON!!!

Thomas Howell
GoForexTrade.com

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

European Market Session: July 18th 2008 GoForexTrade.com

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Good morning and welcome to another day of trading! Overnight, we seen Crude Oil take a small hike to a tad over $130 per barrel. Does this signify that this sellout of the Crude was only a profit taking session born on notice of the US relieving drilling bans, or is this just a slight buying session by scalp traders with large contracts? The session should test our theories and show us the true direction by the end of the US market.

So let’s go over the asian market shall we? It was only a few major news report through the session…

In Australia, The Import Price Index Quarterly failed to impress at 1.4%, under the consensus of 2.1%

The meeting of the Bank of Japan’s Monetary Policy Meeting Minutes resembles a similar tune to many monetary committees throughout the globe: Slowing economy, slowing consumption, Rising Energy Prices, and Inflation Fears. Another mention about the situation is, that Bonds have felt the pessimism and dropped along with the optimism. BOJ governor Masaaki Shirakawa has repeated the tone and warned about inflation and slowing growth on the Economy.

Ok, Time for the news in the European Market Session:

We are looking around 600 GMT for Germany’s Producer Price Index Monthlies.

Around  800 GMT a trio of English reports will come out. First we will hear Monetary Policy Committee Member Sir Johnathan Gieve. then at 830 GMT, we will hear both the M4 Money Supply and Public Sector Net Borrowing, a fairly light impact news item.

To cap off the European Market News, The Eurozone-13 will release their numbers for Trade Balance!

See you for the US Market Open. There will only be two items on the news, and it’s O Canada on this one!

TRADE ON!!!

Thomas Howell

GoForexTrade.com

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