Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well. The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today in Europe, but headlines regarding Greece might still appear. Let’s start the review: The Bank of Japan is expected to leave the Overnight Call Rate unchanged at 0.10%. The yen will move by the wording of the Monetary Policy Statement that might include a revised forecast of the economy, and by the sentiment that will be felt in the accompanying BOJ Press Conference. In Australia, the NAB Quarterly Business Confidence is expected to show a positive number, following last quarter’s score of 16 points. On the other side of the day, RBA governor Glenn Stevens will make a public appearance and will probably shake the Aussie as well. For more on the Aussie, read the AUD/USD forecast. In Switzerland, Trade Balance is expected to show a bigger surplus – 1.8 billion. Later, the ZEW Economic Expectations figure for Switzerland will be released. The last score of 56.2 points will probably be followed by something similar. This score is better than Germany and the EU. The SNB doesn’t like these positive figures – they want a weaker Franc. After inflation and employment, today we have a lighter British release: CBI Industrial Order Expectations which are predicted to edge up from -39 to -35. Later in the day, BOE Executive Director Paul Fisher will make a public appearance and might lay out future policy. For the Pound’s technical levels, read the GBP/USD forecast. In Canada, inflation went back to normal after one month of strong rises. Also now, CPI is predicted to to rise by 0.3% and Core CPI by 0.1% – modest rises indeed. These follow drops last month. Also in Canada, Foreign Securities Purchases which have jumped to 10.5 billion last month, are expected to drop to 7.5 billion. This still reflects confidence in the Canadian economy. For more on the loonie, read the USD/CAD forecast. In the US, Unemployment Claims fell to 440K last week, and they’re predicted to edge up to 445K. Another fall could convince everybody that we’ll have a positive NFP this time. American producer prices are predicted to leap – after rising by 0.4% last month, a jump of 0.8% is expected this time. Core PPI is predicted to be more moderate – a rise of 0.2%. Later in the US, the Philly Fed Manufacturing Index is predicted to follow the Empire State Manufacturing Index earlier this week and rise from 15.2 to 17.2 points. This is usually a serious market-mover. Also in the US, CB Leading Index is predicted to rise by 0.6%. For another technical look at EUR/USD, check out Casey Stubbs’ article. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. 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 Forex Daily Outlook – February 19th 2010 Yohay Elam 12 years Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well. The Greek crisis is fading away. EUR/USD isn't the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today in Europe, but headlines regarding Greece might still appear. Let's start the review: The Bank of Japan is expected to leave the Overnight Call Rate unchanged at 0.10%. 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