Big day today in Forex: Both Japan and the US announce new interest rates, which aren’t expected to change. The statements from both central banks will be interesting to watch. There are lots more major economic indicators. Let’s review them. Japan starts the day with the aforementioned new  Overnight Call Rate. This will accompanied by an official written  Monetary Policy Statement, and afterwards a live Press Conference by the BOJ. It’ll be interesting to see if the BOJ will anounce new measures to stimulate the stagnating economy. Do I hear Quantitative Easing? In the morning, Retail Sales will be published in Switzerland. They are expected to fall by 0.6%.  In Britain, there are two major releases:  Claimant Count Change is expected to stand at 84.5K, and this will give a good indication about the British job market. At the same time, the BoE will release the  MPC Meeting Minutes from the decision that cut rates to another historic low. It’s interesting to see what they were thinking, and where they see the British economy. Also in Britain, the  Average Earnings Index will be of interest, and so will the  Unemployment Rate (late figure) which is expected to rise from 6.3% to 6.5%. In the US, CPI takes the focus before the Fed announcement. CPI is expected to rise slightly by 0.1%, and the Core CPI by 0.3%. Also the Current Account will be published in America, expected to show a deficit of 137 billion, less than 174 billion last time. And at 18:15 GMT, the highlight of the week is here: Ben Bernanke will issue a new  Federal Funds Rate and will publish the FOMX Statement. Since the rate is going to remain unchanged (maximum 0.25%), the FOMC Statement will get attention. Is the the Federal Reserve about to buy more treasuries? How about Britain’s move to Quantitative Easing? The text and the tone of the statement will set the course for the dollar in the next few days. That’s it for today. 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 EUR/GBP Moving Up on British Unemployment, Trichet Optimism Yohay Elam 13 years Big day today in Forex: Both Japan and the US announce new interest rates, which aren't expected to change. The statements from both central banks will be interesting to watch. There are lots more major economic indicators. Let's review them. Japan starts the day with the aforementioned new  Overnight Call Rate. This will accompanied by an official written  Monetary Policy Statement, and afterwards a live Press Conference by the BOJ. It'll be interesting to see if the BOJ will anounce new measures to stimulate the stagnating economy. Do I hear Quantitative Easing? In the morning, Retail Sales will be published… 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.