Canadian Hosuing Starts and  German Factory Orders  are the highlights of this relatively quiet day. The markets will also digest the growing possibility of a global reserve currency that will replace the dollar. Outlook for the first day of the forex trading week: John Lipsky, a senior member of the IMF, said that a global, delinked currency could replace the dollar as the world’s reserve currency. This could hurt the greenback. In Japan, there a few small figures to start the forex trading week:  Bank Lending,  M2 Money Stock (expected to rise by 2.6%) and Current Account, which is expected to show a surplus of almost 1 trillion Yen. Later in Japan,  Economy Watchers Sentiment is expected to stay very pessimistic, at 34. Swiss Unemployment Rate is expected to rise from 3.4% to 3.6%. There numbers probably cause envy in other parts of the world. European  Sentix Investor Confidence is expected to remain negative, at 30.8 points. The more interesting figure is the  German Factory Orders, which are expected to stay unchanged after making a surprise last month and rising by 3.3%. For a coverage of the Euro, read:  EUR/USD – Will it Get on its Feet Again? Canadian Housing Starts are expected to rise to 127K. This is an important figure for USD/CAD and for Canadian crosses. A Canadian dollar weekly coverage is here:  Canadian Dollar – Took a Break or Changed Direction? In the US, no figures will be released today, but a speech by  Federal Reserve Governor Daniel Tarullo might shake the greenback. Near the end of the day, two British figures will be released:  BRC Retail Sales Monitor and  RICS House Price Balance. The latter is expected to be negative, at -52%. IT was worse last time: -59.9%. That’s it for this quiet day. The week warms up later on. For an overview of major upcoming events, read the Forex Weekly 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 NetDania is Rolling Out New Features Soon Yohay Elam 13 years Canadian Hosuing Starts and  German Factory Orders  are the highlights of this relatively quiet day. The markets will also digest the growing possibility of a global reserve currency that will replace the dollar. Outlook for the first day of the forex trading week: John Lipsky, a senior member of the IMF, said that a global, delinked currency could replace the dollar as the world's reserve currency. This could hurt the greenback. In Japan, there a few small figures to start the forex trading week:  Bank Lending,  M2 Money Stock (expected to rise by 2.6%) and Current Account, which is expected… 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.