Japan’s rate decision and German Constitutional Court Ruling are the major market-movers. Let see what awaits us today. In the US, NFIB Small Business Index. US small business sentiment improved in April to 92.1 from 89.5 in March, while market predictions were 89.9. A further rise to 93.4 is expected. In Europe, German Constitutional Court Ruling. German Constitutional Court will be discussing the legal foundations of the European Stability Mechanism (ESM) and the Outright Monetary Transactions (OMT) of the European Central Bank. This event is of high importance since it concerns a wide range of issues stretching beyond the confines of the realm of European political economy. The main discussion will be on bond buying and conditionality. Later in Europe, French Final Non-Farm Payrolls. The final NFP for the fourth quarter turned out worse than expected with a 0.3% job contraction after a 0.2% decline in the third quarter. This time, a smaller drop of 0.1% is anticipated. Further in Europe, German Final CPI German inflation contracted 0.5% in April, in line with expectations; A rise of 0.4% is forecasted now. Also in Europe, French CPI. French inflation declined 0.1% contrary to predictions of a 0.1% rise and following a 0.8% increase in the previous month. This time, a rise of 0.3% is predicted. For more on the Euro, read the Euro to dollar forecast. In Great Britain, Manufacturing Production. Factory output in the UK surprised with a 1.1% climb in March after a 0.7% increase in February. Analysts anticipated a lower increase of 0.4%. No change is expected now. Later in Great Britain, Industrial Production. Industrial output in the UK advanced 0.7% in March, better than the 0.3% gain anticipated and following a 0.9% increase in February. A decline of 0.4% is projected. More in Great Britain, NIESR GDP Estimate. National Institute of Economic and Social Research GDP estimate expected a 0.8% GDP growth in April following a 0.3% rise in March. Read more about the Pound in the GBP/USD forecast. In Switzerland, SECO Economic Forecasts. State Secretariat for Economic Affairs will issue a report with forecasts of the major GDP components and with key indicators including employment and inflation. Read more about the Swiss franc in the USD/CHF forecast. In New Zealand, REINZ HPI. House Price Index increased by 0.8% in April, followinga 2.4% gain in the preceding month. A similar forecast is expected. For more about the kiwi, see the NZD/USD forecast. In Australia, Westpac Consumer Sentiment. Australian consumer confidence plunged in May to minus 7 from minus 5.1 in April. An improvement is anticipated. For more on the Aussie, read the AUD/USD forecast. In Japan, Monetary Policy Statement and BOJ Press Conference. BOJ rate decision will be released today. No change in rates is expected. Later in Japan, Prelim Machine Tool Orders. New orders for tolls and machines worsened in April to -24.1% compared to a year ago, following -21.5 in March. A small improvement to -23.6 is expected now. Further in Japan, Core Machinery Orders. The value of private sector machinery orders excluding ships and utilities edged up 14.2% in March, following 4.2% climb in February. The release was well above the 3.1% increase expected by analysts. A drop of 8.3% is anticipated this time. Also in Japan, BOJ Monthly Report will be issued today. It will contain the statistical data that the BOJ Policy Board members studied for their latest interest rate decision. Read more about the yen in the USD/JPY forecast. Trade well Anat Dror Anat Dror Anat Dror 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. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next AUD/USD dips to near 3 year lows – 7 reasons Yohay Elam 9 years Japan's rate decision and German Constitutional Court Ruling are the major market-movers. Let see what awaits us today. In the US, NFIB Small Business Index. US small business sentiment improved in April to 92.1 from 89.5 in March, while market predictions were 89.9. A further rise to 93.4 is expected. In Europe, German Constitutional Court Ruling. German Constitutional Court will be discussing the legal foundations of the European Stability Mechanism (ESM) and the Outright Monetary Transactions (OMT) of the European Central Bank. 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