Forex trading begins slowly this week, with a few indicators and some news affecting the markets. Let’s see what’s up. Trading will be affected by the optimistic G7 Meetings. Finance ministers expressed a notion that “the worst is behind us”. This could ignite risk appetite, which will send the dollar down. Read more about how the G7 optimism is bad for the dollar. The first indicator of the week is the  GfK German Consumer Climate, expected to print 2.3 points, after last month’s 2.4. Later in Europe, Jean-Claude Trichet will speak in New York. In Britain,  BBA Mortgage Approvals are expected to rise from 28.2K to 29.2K. British housing is still fragile. Just before the day closes, Japanese Retail Sales are expected to plunge once again, this time by “only” 4.8%, after last month’s 5.7%. The figures are annually adjusted. Japan’s economy is shrinking very fast. That’s it for today. You can see an overview of the rest of the week in the Forex Weekly Outlook. 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 Swine Flu Raises the Dollar Yohay Elam 13 years Forex trading begins slowly this week, with a few indicators and some news affecting the markets. Let's see what's up. Trading will be affected by the optimistic G7 Meetings. Finance ministers expressed a notion that "the worst is behind us". This could ignite risk appetite, which will send the dollar down. Read more about how the G7 optimism is bad for the dollar. The first indicator of the week is the  GfK German Consumer Climate, expected to print 2.3 points, after last month's 2.4. Later in Europe, Jean-Claude Trichet will speak in New York. In Britain,  BBA Mortgage Approvals are… 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.
