After an easy start on Monday, a long day awaits forex traders. Lots of American numbers are expected, with the TIC Long-Term Purchases on top. Also note British CPI, German economic sentiment and Australian meeting minutes. Let’s review the events of this busy day: British RICS House Price Balance starts the day early with an expected balance of 39%, better than last month’s 34%. Later in Britain, Consumer Price Index is expected to rise. CPI is predicted to rise from 1.5% to 1.8% (annualized), while Core CPI is predicted to remain at 1.8%. Retail Price Index, which is an important gauge as well, is expected to turn positive, and bring good news to the Pound. It has been negative for a long time. For more on the British Pound, read the GBP USD forecast. In Australia, the Monetary Policy Meeting Minutes are released. In the last meeting, the RBA raised the rates for the third time in a row, to 3.75%. We’ll get to hear what the bankers think, and get hints for the next rate decision, that will probably bring another rate hike. Also in Australia, Housing Starts are predicted to rise by 6.4% in the last quarter, after a fall of 3.7% last time. On the other side of the day, the MI Leading Index is expected to rise again. For more on the Aussie, which has a GDP release tomorrow, read the Aussie forecast. For those trading the USD/CHF, the SECO Economic Forecasts is released in the morning. Later, Swiss Industrial Production is is expected to rise by 0.4% in Q3, after a 2.7% jump in Q2. The German ZEW Economic Sentiment is an important release for the Euro. This indicator is expected to drop from 51.1 to 50.1. A bigger drop will hurt the Euro. Also note the same figure for the whole continent, which is predicted to drop from 51.8 to 50.9 points. The EUR/USD forecast has more on the Euro’s events. In Canada, Labor Productivity is expected to drop by 0.4% in Q3. while the Leading Index is expected to post a neat rise of 0.6%. Read more about the loonie in the Canadian dollar forecast. In the US, PPI is expected to lift its head and rise by 0.8%, following a 0.3% rise last month. Core PPI was negative last month, and is now expected to rise by 0.3%. TIC Long-Term Purchases, which represent the cash flow to the US, are expected to rise from 40.7 to 50.3 billion, and may weaken EUR/USD. Read Casey Stubbs’ review of this pair. Also in the US, Empire State Manufacturing Index is expected to rise from 23.5 to 24.7 points, Capacity Utilization Rate is predicted to tick up to 71.1% and Industrial Production is predicted to post a nice rise of 0.6% after a modest rise of 0.1% last month. Near the end of day, Japanese Tertiary Industry Activity is expected to rise by 0.5% and help the yen. That’s it for today. Happy forex trading! Trade together with Currensee 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 EUR/USD Breaks Down amidst ZEW Economic Sentiment Yohay Elam 12 years After an easy start on Monday, a long day awaits forex traders. Lots of American numbers are expected, with the TIC Long-Term Purchases on top. Also note British CPI, German economic sentiment and Australian meeting minutes. Let's review the events of this busy day: British RICS House Price Balance starts the day early with an expected balance of 39%, better than last month's 34%. Later in Britain, Consumer Price Index is expected to rise. CPI is predicted to rise from 1.5% to 1.8% (annualized), while Core CPI is predicted to remain at 1.8%. 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