The week starts slowly without too many events. American Existing Home Sales stand out today. Let’s see what’s up for today. Australian producer price index (PPI) disappointed with a drop of 0.4%. This important, quarterly figure was expected to rise by 0.1% after rising in the same manner last quarter. AUD/USD was going up before the release, and slowed down afterwards. Later in the week, a more important inflation figure is due: CPI. For more on the Aussie, read the AUD/USD forecast. German GfK Consumer Climate score 3.2 points, less than last month’s 3.4 points. EUR/USD reacted with a small drop from 1.4166 to 1.4136, still within the 1.40 to 1.42 trading range. A more important survey is tomorrow, from Ifo. Read more about the Euro in the EUR/USD forecast. American Existing Home Sales made nice rises in the past two months, jumping from 5.57 to 6.54 million during this time. A setback is predicted to fall below 6 million – to 5.95 million. This will impact the dollar across the board. That’s it for today. There’s lots more ahead. Check out the weekly outlook for more. Â 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 – January 26th 2010 Yohay Elam 12 years The week starts slowly without too many events. American Existing Home Sales stand out today. Let's see what's up for today. Australian producer price index (PPI) disappointed with a drop of 0.4%. This important, quarterly figure was expected to rise by 0.1% after rising in the same manner last quarter. AUD/USD was going up before the release, and slowed down afterwards. Later in the week, a more important inflation figure is due: CPI. For more on the Aussie, read the AUD/USD forecast. German GfK Consumer Climate score 3.2 points, less than last month's 3.4 points. EUR/USD reacted with a small… 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.
