Two American figures will be in the limelight todya: retail sales and consumer sentiment. In addition, we have employment figures from Canada and other events. Let’s see what’s up for today. Up to now, this week saw tight trading, especially in the major pairs. Only the Aussie stood out with a break, enjoying good employment figures among other reasons to rise. OK, let’s start the review: German wholesales prices are released in the morning. They’re expected to rise by 0.6%, half of last month’s scale. Later in Europe, Industrial Production is expected to rise by 0.8% after falling last month. Apart from indicators, two speeches are due in Europe: Bundesbank president Axel Weber will speak in Bonn and ECB president Jean-Claude Trichet will speak in Stanford near the end of the day. EUR/USD is rising within the range. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Britain, we also have a speech: MPC member Spencer Dale can shake the Pound when he makes a public appearance. For the Pound’s levels, read the GBP/USD forecast. The Canadian dollar will have a chance to break below 1.02 when the employment figures are released. Canada’s Employment Change is predicted to rise moderately by 17,500 jobs. The Unemployment Rate is expected to remain unchanged at 8.3%. These important figures come after a tight week, in which USD/CAD traded lower, but couldn’t break below 1.02. For more, read the USD/CAD forecast. In the US, Retail Sales are expected to drop by 0.1% after a nice rise of 0.5% last month. Core retail sales, no less important, are expected to rise by 0.1%. This important figure will shake the markets, but there’s another one released soon afterwards. Consumer sentiment is expected to edge up from 73.6 to 74. This is the initial release by the University of Michigan. This figure is released near the close of the markets, so it will move them strongly. Also in the US: Business Inventories are expected to rise by 0.2% after dropping by the same scale last month. Treasury secretary Timothy Geithner will speak at a conference in Washington, and can also shake the dollar. 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 USD/CAD Breaks Support Line on Jobs – Road to Parity Yohay Elam 12 years Two American figures will be in the limelight todya: retail sales and consumer sentiment. In addition, we have employment figures from Canada and other events. Let's see what's up for today. Up to now, this week saw tight trading, especially in the major pairs. Only the Aussie stood out with a break, enjoying good employment figures among other reasons to rise. OK, let's start the review: German wholesales prices are released in the morning. They're expected to rise by 0.6%, half of last month's scale. Later in Europe, Industrial Production is expected to rise by 0.8% after falling last month.… 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.