Forex Trading Blog July 2008 Archive

The ADP Employment report showed an overall gain of 9,000 jobs for private payrolls in the US.  The gains were largely attributed to expansion in the service sector, which was ... Read More

Wednesday12:30 US ADP Unemployment Survey Thursday 1:30 Australian Trade Balance Friday12:30 NonFarm Payroll Report *All times GMT There is not alot of fundamental news this week, it is likely to be a quiet week, ... Read More

The US Durable Goods report showed a surprise increase of +0.8 percent vs. expectations of a minor fall of 0.4 percent. Excluding the weight of transportation orders, durable goods orders increased ... Read More

UK Retail Sales plunged by 3.9 percent in the month of June.  The June numbers brought the annual retail sales numbers down to 2.2 percent. The pound, which has been on ... Read More

The Royal Bank of New Zealand cut interest rates today by 25 basis points from 8.25 percent to 8.0 percent. Here are some key points from the statement: Inflation expected to ... Read More

The Bank of England minutes were released today.  They showed that the majority of the members voted to keep rates steady while 2 members dissented.  One of the dissenters voted for a ... Read More

Prices rose in Canada by 3.1 percent in Canada for the year as of June 2008. Gas prices and an increase in mortgage cost led the way with gas prices increasing ... Read More

Australian prices rose by 1.5 percent for the second quarter beating a first quarter rise of 1.3 percent.  The yearly percentage is now 4.5 percent for Australian headline inflation. The increase ... Read More

The Fed Beige Book report showed slowing consumer spending (surprise) and “increasing” price pressures. The report stated that most districts are showing weak or nonexistant growth and that manufacturing was declining ... Read More

Canadian Retail Sales for May 2008 rose by 0.4 percent led by gasoline sales.  With gas prices removed from the results, there was only a tiny improvement in retail sales ... Read More

Producer prices in Australia rose by 1.0 percent in the second quarter.  Prices for the year have risen 4.7 percent. The data was actually less than the market was expecting, but still significant ... Read More

Important fundamental news for the week of July 21st – July 25th, 2008. Monday1:30 Australian Producer Price IndexTuesday12:30 Canadian Retail Sales Wednesday1:30 Australian Consumer Price Index8:30 Bank of England Minutes11:00 Canadian Consumer Price ... Read More

The US CPI reading for June 2008 showed an increase of 1.1 percent in consumer prices.  The core prices excluding food and energy rose by 0.3 percent. CPI readings for the year ... Read More

The Federal Open Market Commitee released the minutes from their last meeting on June 24–25, 2008. A couple of key items are noteworthy: There was considerable focus on a rate hike being ... Read More

Europe’s CPI showed an increase of 0.4 percent for the month of June.  This bumped the yeah over year inflation numbers from 3.7 to 4.0 percent.  The ECB is in ... Read More

Consumer prices in New Zealand increased by 1.6 percent in the second quarter of 2008.  This brought the the CPI number for the year up to a 4.0 percent increase over ... Read More

The Bank of Japan left interest rates on the Yen steady at 0.5 percent. The bank cited that economic recovery was slowing further and that CPI was showing an increase in inflation to ... Read More

New Zealand retail sales fell 1.2 percent for the month of May 2008.  Core retail sales rose slightly while sales of motor vehicles fell by more than 14 percent! The New ... Read More

Important fundamental releases for July 14, 2008 – July 18, 2008 Sunday22:45 New Zeland Retail Sales Monday 22:45 New Zeland CPI Tuesday12:30 US Retail Sales and US PPI13:00 Canada Interest Rate Decision14:00 ... Read More

The US bank Indymac was siezed by the Federal Deposit Insurance Corporation on friday after a run on the bank was caused by rumors and speculation.  More than 1.3 billion ... Read More

The Canadian jobs report for June showed a minor decline of 5,000 jobs for June 2008.  Unemloyment edged up by 0.1 percent to 6.2 percent. The jobs report is expected to ... Read More

The Bank of England left interest rates for the British Pound unchanged at 5.0% as was widely expected. The BOE has been walking on a balancing beam with slowing growth and inflation.  Much ... Read More

The US nonfarm payroll report for June 2008 showed a loss of 62,000 jobs.  The unemployment rate continued to hold steady at 5.5 percent.  April and May payroll numbers were ... Read More

The European Central Bank decided to hike rates at it’s July meeting as promised!  The base interest rate on the Euro is moved from 4.0 percent to 4.25 percent.  The ... Read More