The last day of this week has many important releases, and two special events: G7 Meetings and the Bank Stress Test Info. Let’s see what’s on the menu in this exciting day: G7 Meeting are held throughout the day in Washington DC. This may also be seen as a follow up on the G20 summit, that pledged $1 trillion to the IMF. They will discuss how to get out of the current global crisis, and focus on the IMF’s role. Finance Ministers and central bankers will speak throughout the day, and a press conference will be held by US Treasury Secretary Tim Geithner at the end of the day, at 20:30 GMT. The market will surely move on interesting statements. Another unusual event is the stress tests release. Bank Stress Test Info will outline the tests that 19 major American banks will go through. The details of the test can determine the results, that reflect the strength of US banks, and the dollar. The document, and commentary about it, is significant to the strength of the US dollar. French Consumer Spending starts the day, and it’s expected to rise by 0.2%, after last month’s fall of 2%. The main event in Europe today is the German Ifo Business Climate, predicted to rise from 82.1 to 82.4. After yesterday’s good PMI data, this figure could be better. In Britain, there are two major figures that complete this critical week for the Pound: Retail Sales are expected to drop by 0.3%, after last month’s fall of 1.9%. The main figure is the Prelim GDP: British GDP is expected to show a fall of 1.5% in the first quarter of 2009, after falling by 1.6% in the last quarter of 2009. Only a positive GDP figure can help the Pound, after the blow it go from Alistair Darling. In the US, Durable Goods Orders are expected to fall by 1.4%, after rising by 3.5%. The more important figure: Core Durable Goods Orders, is also expected to fall: by 1.2%, after a rise of 3.7% last time. An hour an a half later, New Home Sales will complete the American housing data this week. It’s expected to be almost unchanged, at 340K. Yesterday, Existing Home Sales disappointed. Will the New Home Sales follow? As aforementioned, this day’s G7 Meetings, and Geithner’s speech at the end of them, will keep the market moving till the late hours of Friday. 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 Pound Recovers Despite Deepening Recession Yohay Elam 13 years The last day of this week has many important releases, and two special events: G7 Meetings and the Bank Stress Test Info. Let's see what's on the menu in this exciting day: G7 Meeting are held throughout the day in Washington DC. This may also be seen as a follow up on the G20 summit, that pledged $1 trillion to the IMF. They will discuss how to get out of the current global crisis, and focus on the IMF's role. Finance Ministers and central bankers will speak throughout the day, and a press conference will be held by US Treasury… 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.