Good morning my fellow european traders and once again good afternoon and evening to those trading the asian session!

We only had a few reports from the asian session to tell, but we can also mention that oil has gone up over $144 per barrel for the New York Mercantile Exchange.

In Australia, The Purchasing Managers in the Services Sector released a number of 45.4. Also, the Trade Balance came in with a Billion in deficit.

New Zealand’s Commodity Price Index from the ANZ, brought in a flat 0.0% meaning, that there was no indication of either deflation or inflation.

So, what is on the plate for the European Market? A few things here…
Right before the European Markets Open, the Swiss are looking at an inflation barometer with the Monthly Consumer Price Index. This will tell on the monthly level, if there is any inflation or deflation on the consumer end.

A couple hours after opening the markets, The Eurozone will release numbers from Purchasing Managers in the Service Sector. This will indicate supply and demand, and also confidence in purchasing manufactured goods. Not much later at all, England will also release their own Services PMI as well.

England will also in the same time slot release a Credit Conditions Survey. This survey will cover lending to businesses, and homes, and will release data on the lending aspect from the previous three months, and forecast the potential nature of lending three months from now.

Then we will head back to Switzerland for the Swiss National Bank Monetary Policy Report. This is a report where the Swiss Bank will “Tell-All” about the activities of the bank, and also opine on Monetary Policy and where it stands economically.

After such, The Eurozone will have three more reports to release. The First is Monthly Retail Sales. This report correlates with the buying power and confidence of the EU’s core consumers. Next, the Minimum Bid Rate, which is the Interest Rate for refinancing, which actually provide the core for the liquidity of the EU’s bank system. The last report will be a press conference of the European Central Bank. The press conference will be held about 45 minutes after a rate statement, and the president and vice president of the ECB will speak about their decision.

And look towards the Us market open as well! We have what my fellow Nadav calls a “Solar Eclipse” in the markets. A major rate release from the ECB, and the jobs reports from the US! Now today will be awesome!

TRADE ON! See you later! a busy US Market session awaits!!! NON FARM/Unemployment Rate LATER ON!!! Be READY!!!

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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!!!

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Good morning! How did everybody sleep? Ready for some awesome Forex trading today?

First let’s knock out some news from the previous Asian market session.

First on the block is New Zealand’s Merchandise Terms of Trade Quarterlies. The abroad inflation has greatly increased around 4.1%.

From the late night edition, the NIESR GDP in England was estimated at .2%.

From the busy news day in Japan…
The final GDP numbers came out with a 1 percent increase, over the .9% expectation. Corporate Goods index came out at 4.7% but current account numbers and Final GDP price index came back as a negative.

In Australia, the numbers from the Westpac Melbourne Institute came back with a Consumer Sentiment number of -5.6% reflecting the current state of the economy.

Today’s News in the European/England Session…

Easy news day for Europe as we start with the French Consumer Price Index. This is a primary indicator for inflation as it measures fluctuations in prices of consumer goods and services.

Then we take a look at England, we will have numbers for Claimant Count Change, Average Earnings Index + Bonuses, Trade Balance (export vs. imports) and unemployment rate. Get yourself some breakfast and take it easy, as these numbers will not come out until 830GMT.

Here is a current rundown of the currency pairs:
EURUSD 1.5478
USDJPY 107.68
GBPUSD 1.9541
USDCHF 1.0426
USDCAD 1.0235

Enjoy some fine trading and have a good morning! See you around when the US market opens!

TRADE ON!

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