After yesterday’s FOMC Statement, the markets start the day with a stronger dollar. American figures continue to dominate the scene today, with Unemployment Claims. A speech by Ben Bernanke can clarify yesterday’s cautious statement.
Australia’s CB Leading Index rose by 0.7%, and last month’s fiugre was revised upwards. The Australian economy is doing better than the currency…
European Industrial New Orders are expected to be left unchanged after falling last month. The EUR/USD is flirting with the 1.40 line.
Unemployment Claims are predicted to get slightly better, but still remain above 600K. Obama said that the unemployment rate will pass the 10%. No big surprises are expected here.
Final GDP for the first quarter of 2009 is predicted to remain at the same level as the initial release: a contraction of 5.7%. The economy did very bad in the first quarter…
At 14:00 GMT, Ben Bernanke will begin his testament in Washington DC. Will he shed new light on the situation?
It isn’t over yet. GDP in New Zealand is published at 22:45. Gross Domestic Product is predicted to fall by 0.7% in the land of the kiwi. This continues a long recession. A surprise will shake the NZD/USD.
And the last notable indicator for today comes from Japan: Tokyo Core CPI will show the strength of deflation in the land of the rising sun. t’s expected to fall by 1%.
That’s it for today. Happy forex trading!Get the 5 most predictable currency pairs