After two slow days, the economic calendar is fully packed today: Trade Balance in Britain, Canada and the US, an interest rate decision in New Zealand and GDP in Japan are the highlights. And there’s lots more. Let’s see what’s on the menu… Australian Home Loans start the day. After rising by 4.9%, they are expected to rise by only 1.6%. This is an important figure for the Aussie. In Europe, French Industrial Production is expected to decline by 0.3%. It could be worse. The German figure disappointed yesterday and fell by 1.9%. Also in Europe, Deutsche Bundesbank President Axel Weber, a senior member of the ECB, will speak. This will also impact EUR/USD. For more on the Euro: EUR/USD – Will it Get on its Feet Again? In Britain, Manufacturing Production is expected to drop slightly, by 0.1%, just like last month. At the same time, Trade Balance will be released, and is expected to show a deficit of 6.4 billion. At 8:30 GMT, the Pound will shake. At 12:30 GMT, both American and Canadian Trade Balance figures will be published. In the US, a deficit of 28.8 is expected, while a surplus of 0.9 billion is predicted in Canada. USD/CAD will move on this double-feature event. Also in Canada, New Home Price Index (NHPI) will be published at the same time. It’s expected to fall by 0.3%. For a special coverage on the loonie, check out: Canadian Dollar Outlook Federal Reserve Bank of Richmond President Jeffrey Lacker will be talking about the economy. This might move the greenback. At 18:00 GMT, two more American indicators will be published. The Beige Book gives a good overview of the economy. Federal Budget Balance is expected to show a deepening deficit, this time of 178 billion. The last figure might hurt the dollar. At 21:00 GMT, when volume isn’t high, a new interest rate will be released in New Zealand. The consensus is that the Official Cash Rate will stay unchanged, at 2.5%. We can hear more about the situation in New Zealand by reading the RBNZ Rate Statement. And later on, the RBNZ Press Conference will provide more information. Don’t expect Quantitative Easing in New Zealand… And just before you think it’s over, Japanese Final GDP for the first quarter will be released. It’s expected to remain at the original figure, and show a contraction of 4%. That’s it. Happy forex trading! 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 – June 11th 2009 Yohay Elam 13 years After two slow days, the economic calendar is fully packed today: Trade Balance in Britain, Canada and the US, an interest rate decision in New Zealand and GDP in Japan are the highlights. And there's lots more. Let's see what's on the menu... Australian Home Loans start the day. After rising by 4.9%, they are expected to rise by only 1.6%. This is an important figure for the Aussie. In Europe, French Industrial Production is expected to decline by 0.3%. It could be worse. The German figure disappointed yesterday and fell by 1.9%. Also in Europe, Deutsche Bundesbank President Axel… 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.