There’s no anti climax after yesterday’s FOMC statement. Lots of economic indicators are due today across the globe, including Britain’s monthly Nationwide HPI, Core Durable Goods Orders and New Home Sales in the US among others. FOMC Statement Insight The Federal Reserve left interest rates at 0.25% as expected, but managed to move the markets. They said that the situation is very bad, but hinted that recovery could likely happen in the second half of 2009. They surprised the markets by not choosing to print more dollars, and not buying too many treasuries. This sent the dollar up against all the currencies. Toxic Assets plan – Ben Bernanke’s Fed will buy bad loans from banks in order to free them from these heavy weights, and to encourage them to lend cheaper money to people and businesses. In addition, the Congress approved President Obama’s stimulus package – first hurdle is behind him. Now it’s up to the Senate, where it’s expected to pass as well. Forex Indicators for today The day began early with Japanese yearly Retail Sales that dropped by 2.7%, much worse than expected. It wasn’t felt on USD/JPY that now trades at 89.90. At 7:00 GMT, the monthly Nationwide HPI was published in Britain. It fell by only 1.3%. This is a very important economic indicator for the pound. Will this help the pound in its recovery course? GBP/USD now trades at 1.4091, not recovering from the FOMC statement, and even dropping more after the Nationwide HPI release. Later in Europe, the German Unemployment Change will impact the Euro. 32K is predicted. EUR/USD is now at 1.3108. More from Europe: yearly M3 Money Supply, Private Loans and Consumer Confidence. In Canada, RMPI and IPPI are expected to drop. At 13:30 GMT, the party begins: monthly Core Durable Goods Orders will be published in the US. It is expected to drop by 2.6%. Also the non-Core Durable Goods Orders is fore casted to fall – but “only” by 1.9%. At the same time in the US, the weekly Unemployment Claims are released. They have worsened in the past weeks, and the forecast is optimistic – 580K. And this isn’t everything: New Home Sales are very important in the US: they are predicted to stand at 395,000, lower than last month’s 407K. New Zealand, which was hurt by a dramatic rate cut and a bad trade balance, could break a support line with the Building Consents due at 21:45 GMT. Here is more technical analysis for NZD/USD. Happy Forex Trading! Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next New Home Sales Fall Badly Yohay Elam 13 years There's no anti climax after yesterday's FOMC statement. Lots of economic indicators are due today across the globe, including Britain's monthly Nationwide HPI, Core Durable Goods Orders and New Home Sales in the US among others. FOMC Statement Insight The Federal Reserve left interest rates at 0.25% as expected, but managed to move the markets. They said that the situation is very bad, but hinted that recovery could likely happen in the second half of 2009. They surprised the markets by not choosing to print more dollars, and not buying too many treasuries. This sent the dollar up against all… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.