Two rate statements dominate the day. They come from Japan and Australia. Also British data is interesting today. Let’s see what’s up. Forex is big in Japan on Tuesday: BOJ will announce the new Overnight Call Rate. Since the BOJ isn’t expected to change the rate, the focus will be on the Monetary Policy Statement. If the Bank of Japan will decide on some special moves, we could see the USD/JPY climb towards the next goal: 103. RBA Cash Rate is a riddle: will they leave it high in the sky at 3.25%? Or will the RBA cut interest rates? Since the decision doesn’t enjoy a consensus, it will have a lot of impact on the AUD/USD. Also the accompanying RBA Rate Statement will be of interest. All this happens at 4:30 GMT. AUD/USD In Britain, Manufacturing Production is expected to fall by 1.4%, after plunging by 2.9% last month. Given the recent good British data, a positive surprise isn’t out of the question. Near the end of the day, British Nationwide Consumer Confidence is expected to rise to 45, from 43. In the US, IBD/TIPP Economic Optimism is expected to stay almost unchanged at 45.1. Consumer Credit is expected to fall by 2.2B. Both figures aren’t very important.. 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 Euro Still Suffers Aftershocks Yohay Elam 14 years Two rate statements dominate the day. They come from Japan and Australia. Also British data is interesting today. Let's see what's up. Forex is big in Japan on Tuesday: BOJ will announce the new Overnight Call Rate. Since the BOJ isn't expected to change the rate, the focus will be on the Monetary Policy Statement. If the Bank of Japan will decide on some special moves, we could see the USD/JPY climb towards the next goal: 103. RBA Cash Rate is a riddle: will they leave it high in the sky at 3.25%? Or will the RBA cut interest rates?… Regulated 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.
