Big day today in the forex market – the FOMC Statement is made. What will Bernanke hint about future interest rates? Apart from tensions towards the statement, the market will move on other important figures. Here’s the menu: Iran is still in the news. How will the public react to the regime’s refusal to nullify the election results. Up to now, the Iran election crisis supported the dollar. In New Zealand, Westpac Consumer Sentiment will shake the kiwi. BOJ Governor Masaaki Shirakawa will speak about the Japanese economy. After hitting 1.40, EUR/USD will be moved today by the Current Account, which is expected to show a deficit of 4.7 billion. In Switzerland, SNB Governing Board Chairman Jean-Pierre Roth will talk. It’s a big day in Britain, as well, with many important events. CBI Realized Sales will start, and it’s expected to fall by 17 points. Later, Inflation Report Hearings are due in the parliament, and they will be interesting to follow. A speech by BOE Governor Mervyn King will close the Pound’s events, long enough before the FOMC Statement. For more on the British Pound, check out the British Pound Outlook. In the US, Durable Goods Orders are expected to fall by 0.6%. After the disappointing Existing Home Sales, this could disappoint as well. The Core Durable Goods Orders are also expected to fall, this time by 0.2%. And if we’re talking about home sales, today it’s the turn of the New Home Sales, which are expected to rise to 360K. As aforementioned, the disappointing yesterday, it could be lower. FOMC Statement – the event that all eyes are looking at happens at 18:15 GMT. The big question is about the future interest rate. Will Ben Bernanke hint about a raise sooner than later? Or will he calm the markets with declaring no hikes till the end of the year? For traders of the kiwi, the day isn’t over – Current Account is published at 22:45 GMT, and the deficit is expected to squeeze to 1.26 billion. Another note: the Canadian dollar has crossed the critical 1.1470 resistance line. USD/CAD is now supported by this line, that was already tested after Moody’s sent the dollar down. Now this support line seems stable. For more the loonie, read the Canadian Dollar Outlook. 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 25th 2009 Yohay Elam 13 years Big day today in the forex market - the FOMC Statement is made. What will Bernanke hint about future interest rates? Apart from tensions towards the statement, the market will move on other important figures. Here's the menu: Iran is still in the news. How will the public react to the regime's refusal to nullify the election results. Up to now, the Iran election crisis supported the dollar. In New Zealand, Westpac Consumer Sentiment will shake the kiwi. BOJ Governor Masaaki Shirakawa will speak about the Japanese economy. After hitting 1.40, EUR/USD will be moved today by the Current Account,… 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.