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European Forex Market Session August 13 2008

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Welcome to your european news session report. From the asian session… Crude Oil remains pretty much unchanged throughout the asian session despite the conflicts in georgia. Main pipelines to the province have been shut down for protective measures and protect commodity prices.

MAJORS:
EUR/USD: 1.4929
GBP/USD: 1.8981
USD/JPY: 108.74
USD/CHF: 1.0841

Japan’s trio of news events have been mixed. The Preliminary Gross Domestic Product, had came in exactly on the nose with expectations, but the GDP price index failed to impress at -1.6, falling just short of -1.5. we can report that the current account has done a great job at 1.29 Trillion to the good.

In Australia, Westpac Melbourne Institute announced 9.1% on their consumer sentiment survey, and the Wage price index went in the green to the tune of 1.2%.

Tonight, in the European markets, we will see a England dominated session, with their Jobs report on the line. 0930 GMT will roll out the Claimant Count Change (Unemployment Claims), Average Earnings Index, and Unemployment rate. Look for a small increase on the unemployment rate and Claimant Counts.

England has one more item at 1030 GMT, which is a report on Inflation, provided by the Bank of England.

Europe has a number on Industrial Production around 1000 GMT.

Have a good one, and remember to TRADE ON!!!!

Thomas Howell
goforextrade.com

Forex Market: July 31 2008 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

US Market Open: 7/3/08 GoForexTrade.com

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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

US Market Report: 7/1/08 GoForexTrade.com

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Hello there, ready for another wonderful report from GoForexTrade.com?

Let’s cover what happened so far with the Euro Market!

EUROPE - 13:
E13 (Eurozone)
Manufacturing Purchasing Managers Index - 49.2 over 49.1 Expectation
Unemployment Rate - 7.2%

Germany
Retail Sales - +1.3%
Unemployment Change -38K

England
Nationwide House Prices are down -.9% but decrease wasn’t as bas as predicted at -1.1%
Manufacturing PMI was at 45.8. Just a tad under forecast.

Switzerland
SVME PMI was at 54.9.

US MARKET:
O Canada, have an awesome day off! The land of Rush, Molson, and Gilles Villeneuve are having “Canada Day”. Have a good rest, and see you tomorrow!

The US had a few reports released already.
The institute of Supply Management released a Manufacturing Index and Manufacturing Prices. The index came in positively at 50.2 over the 48.6 forecast. And the Prices were at 91.5 over 87.1.

Construction spending also was in bull territory with having only a -.4% decline, instead of a -.5% decline. We are still waiting for a number on Domestic Vehicle Sales. We will recap the number this afternoon.

Oil: Fluctuating around $142 a barrel in the NYMEX.

TRADE ON!!!

Europe Market Open 7/1/08 GoForexTrade.com

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Good morning, and welcome to a new day of trading forex!!!

Reviewing last night’s asian market, we have a few news events to cap off…
Australia’s Manufacturing PMI has fallen 4.2 points from 51.2 to 47.0.

Japan’s Tankan Index for Manufacturer’s and Services did excellent! The Manufacturer’s had scored 5 over 3 on forecast, and the Services Index did 10 over 8. The sweet of course identifies the sour with Average Cash Earnings only improving .2%, way under expectations of .7%

We are still waiting for the Cash Rate, and a Rate Statement from the Reserve Bank of Australia if the rate does change. We will cover this later on.

Let’s cover the wonderfully busy day that the euro will have…
Right out of the gate we are going to have in the Eurozone, German Retail Sales, and England will have a number on Nationwide House Price Monthlies.

Switzerland will then have the SVME Purchasing Manager’s index. Look for a number over 50.

Europe will then shortly thereafter release Germany’s Unemployment Changes (Look for -15) and Manufacturing PMI (Look for 49.1).

Then England is up to the stage with their Manufacturing PMI. Finally, to cap off the news, Europe will release their E-13 unemployment statistics later on.

Have a great one, and TRADE ON!!!