The first trading day of 2010 begins with a rather busy calendar. American ISM Manufacturing PMI will stand out today as well as echoes from Ben Bernanke’s speech late on Sunday. Let’s see what’s up for today. Ben Bernanke said that low rates aren’t to blame for the house bubble – bad regulation and bad execution of regulation are to blame. Looking to the future, Bernanke mentioned that if regulations won’t stop bubbles, the central bank will step in with the rate tool. Is this a hint for rate hikes? Moving into Monday, Australia’s AIG Manufacturing Index provides an early indicator for the Aussie. This will be followed by a more important figure: Commodity Prices, which are expected to show a lower year-over-year drop. For more on the Aussie, check out the AUD USD forecast. In Switzerland, the SVME PMI is expected to edge up to 57.1 pushing USD/CHF lower. In Europe, Final Manufacturing PMI is expected to confirm the read at 51.6 points. Sentix Investor Confidence is predicted to edge up, but still remain in the negative zone. The EUR/USD forecast has more, including a technical analysis for this pair. In Britain, Manufacturing PMI is expected to tick up from 51.8 to 52.1 points. British Net Lending to Individuals is expected to double to 0.6 billion. Also in Britain, Mortgage Approvals are expected to remain almost unchanged, ticking up to 58,000 this time. For more on the Pound, read the GBP USD forecast. In the US, the ISM Manufacturing PMI is expected to rise by 53.6 to 54.1 points, something that will put a smile on dollar bulls’ faces. This index has been above the 50 point mark, meaning economic expansion, for the past 4 months. Also in the US, Construction Spending is expected to drop by 0.4% and a speech from FOMC member Elizabeth Duke could also move the markets. 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 Video Weekly Outlook on Forex TV Yohay Elam 13 years The first trading day of 2010 begins with a rather busy calendar. American ISM Manufacturing PMI will stand out today as well as echoes from Ben Bernanke's speech late on Sunday. Let's see what's up for today. Ben Bernanke said that low rates aren't to blame for the house bubble - bad regulation and bad execution of regulation are to blame. Looking to the future, Bernanke mentioned that if regulations won't stop bubbles, the central bank will step in with the rate tool. Is this a hint for rate hikes? Moving into Monday, Australia's AIG Manufacturing Index provides an early… 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.