Another busy day is awaiting forex traders, with a rate decision in the US being the highlight. There are important figures today from all over the world. Let’s see what’s up for today. Apart from the scheduled releases, note that the World Economic Forum talks start today in Davos, Switzerland. Statements from there can move the markets as well. Australian CPI provides a strong start to the day. It’s predicted to rise by 0.4%, less than 1% that was printed last quarter. After PPI disappointed with a drop, a weaker number sure is possible. Also note the Trimmed Mean CPI, or Core CPI, which is predicted to rise by 0.6%. This release critical for the rate decision next week. For more on the Aussie, read the AUD/USD forecast. Following the rate decision in Japan and the downgrade by S&P, the BOJ Monthly Report could give a dark picture of the Japanese economy, despite the easing of deflation. On the other side of the day, Japanese Retail Sales are predicted to rise this time – by 0.3%. German Prelim CPI will be released from the various German states during the the day. After last month’s 0.8% rise, a drop in prices is predicted this time. For more on the Euro, read the EUR/USD forecast. In Britain, the day after the weak growth report brings another important figure: CBI Realized Sales. It’s expected to drop from 13 to 11 points, after a few good months. Also in Britain, MPC member Andrew Sentance will be speaking today. For more on the GBP/USD, read the British Pound forecast. In the US, Treasury Secretary Geithner will make a public appearance and might shake the markets. American New Home Sales are expected to recover from the blow they got last time, as they dropped to 355K. The number is expected to rise to 372K. This might have a muted impact, as a bigger American event is due later. The Federal Reserve is expected to leave the interest rate unchanged at a maximum rate of 0.25%. Ben Bernanke is also expected to leave the wording of the FOMC Statement unchanged, with a renewed pledge to leave the rates low “for an extended period of time”. Last month, it took the markets 6 hours to digest the statement before moving. It sure was confusing. Also in New Zealand, the central bank makes a rate decision. Alan Bollard’s RBNZ isn’t expected to lift the Official Bank Rate above 2.5%. Prospects for the future might be hinted at the RBNZ Rate Statement. NZD/USD is getting close to 0.70 – a critical line for it. 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 Aussie Set for Rises Yohay Elam 13 years Another busy day is awaiting forex traders, with a rate decision in the US being the highlight. There are important figures today from all over the world. Let's see what's up for today. Apart from the scheduled releases, note that the World Economic Forum talks start today in Davos, Switzerland. Statements from there can move the markets as well. Australian CPI provides a strong start to the day. It's predicted to rise by 0.4%, less than 1% that was printed last quarter. After PPI disappointed with a drop, a weaker number sure is possible. Also note the Trimmed Mean CPI,… 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.