US New Home Sales, Bernank’s speech in Washington DC and Canadian inflation data are the main market-movers closing another Forex trading week. Here is an outlook on the main events awaiting us. In the US, New Home Sales. The number of new houses sold in January dropped less than predicted reaching 321,000 from324,000 in the previous month. A rise to 326,000 is predicted this time. More in the US, Ben Bernanke head of the US Federal Reserve is scheduled to give brief notes at the Federal Reserve Conference on Central Banking, in Washington DC. His words have strong impact on the market. Later in the US, Dennis Lockhart President of the Federal Reserve Bank of Atlanta will speak in Washington DC. Information on interest rates and future monetary policy could be revealed. In Canada, Consumer price index rose better than predicted in January with a 0.4% gain after dropping 0.6% in December while Core prices added 0.2% following 0.5% decline in December CPI is expected to rise by 0.4% while Core CPI is anticipated a 0.3% gain. For more on USD/CAD, read the Canadian dollar forecast. In Europe, Italian Retail Sales plunged 1.1% in December more than the 0.2% decline predicted by analysts and following 0.7% drop in November. A small rise of 0.2% is anticipated. For more on the Euro, read the Euro to dollar forecast. In Great Britain, Nationwide Consumer Confidence ticked up in January to 47 from38 in December revealing a major improvement in British consumer sentiment. A further rise to 49 is expected now. More in Great Britain, BBA Mortgage Approvals representing more than 60% of UK mortgages show a better than expected rise of 38,100 mortgages in January compared to36,600 in December indicating improvement in the housing market. This time, a further rise of 39,100 is predicted. Read more about the Pound in the GBP/USD forecast. In Switzerland, Swiss National Bank Quarterly Bulletin is to be released. Read more about the Swiss franc in the USD/CHF forecast. That’s it for today. Happy forex trading! 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 EUR/USD Mar. 23 – Rising in Range on Chinese Hope Yohay Elam 11 years US New Home Sales, Bernank's speech in Washington DC and Canadian inflation data are the main market-movers closing another Forex trading week. Here is an outlook on the main events awaiting us. In the US, New Home Sales. The number of new houses sold in January dropped less than predicted reaching 321,000 from324,000 in the previous month. A rise to 326,000 is predicted this time. More in the US, Ben Bernanke head of the US Federal Reserve is scheduled to give brief notes at the Federal Reserve Conference on Central Banking, in Washington DC. His words have strong impact… Regulated 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.
