FOMC Statement in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us World Economic Forum (WEF) Annual Meetings – Day 1, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility. In the US, Federal Open Market Committee (FOMC) Statement, the main tool that the FOMC uses for monetary policy communication with stockholders, and discusses the future financial outlook, More in the US, Federal Funds Rate, no change is expected in the banks Interest rate, 0.25% is due to remain like on the previous months. Moreover in the US, Pending Home Sales. Measures the number of new households that are to be sold (not including new construction), due to reduce from 7.3% on December down to -0.3% now. Later in the US, Crude Oil Inventories, value the crude oil barrels in inventory over the past week, due to remain -3.4M, similar to the last report. Also in the US, Barack Obama, US President, is about to speak in Washington DC. Finally in the US, Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index (HPI), is about to rise up to 0.3% from -0.2% on December In Canada, Mark Carney, Bank of Canada (BOC) Governor is about to lecture in Davos. For more on USD/CAD, read the Canadian dollar forecast. In Europe, German Information and Forschung (Ifo) Business Climate, Monthly Survey to rate the business conditions and expectations for the next 6 months, due to rise by 0.4 points up to 107.6 points this time. More in Europe, Mario Draghi, European Central Bank (ECB) President is about to speak in Davos. For more on the Euro, read the Euro to dollar forecast. In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, full record of the Bank of England (BOE) MPC’s latest meeting to show the monetary conditions that influenced on where to set interest rates. More in Great Britain, Prelim Gross Domestic Product (GDP), that measures the inflation change value for economy’s goods and services production over the last quarter, is about to reduce from 0.6% down to -0.1% on this report. Later in Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, monthly report to value the new mortgages approved by the British Bankers’ Association (BBA) banks, this month a rise of 0.6K is predicted up to 35.3K. Also in the Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, Monthly Survey to rate the order volume over the next 3 months, predicts expectations for lower volume with -19 points this time in comparison to -23 on December. Finally in Great Britain, Index of Services, is about to drop down by 0.2% from the last time. Read more about the Pound in the GBP/USD forecast. In Australia, Consumer Price Index (CPI), Quarterly consumer’s Report to value the price change of goods and services, is due to reduce from 0.6% down to 0.2% now. While on the Trimmed Mean CPI (without the most volatile 30% of items) rise is predicted by 0.1% up to 0.5%. For more on the Aussie, read the AUD/USD forecast. In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, the main tool uses by the RBNZ to communicate with investors regarding the financial policy, discusses the financial outlook and suggests clues on the future decisions. Later in New Zealand, Official Cash Rate due to remains 2.50% with no change from the last months. Also in New Zealand, Business NZ Manufacturing Index, about to remain 46 points similar to December’s survey. Finally in New Zealand, Credit Card Spending is about to remain 3%. For more about the kiwi, see the NZD/USD forecast. In Japan, Bank of Japan (BOJ) Monthly Report shows the BOJ Policy Board members data on interest rate decision, and analysis of present and upcoming monetary conditions from the bank’s viewpoint. More in Japan, Corporate Services Price Index (CSPI), rise of 0.2% from December is forecasted. Read more about the yen in the USD/JPY forecast. That’s it for today. Happy forex trading! Anat Dror Anat Dror Anat Dror â€“ Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. 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