The forex week starts with a rather relaxed day regarding economic indicators. Existing Home Sales will be the main event today. Jean-Claude Trichet is in Mexico, and will speak about the financial crisis and commodity prices. Will he have something to say about Ben Bernanke’s huge dollar printing move? Will the ECB act on the Euro? In Japan, the BSI Manufacturing Index is expected to decline to -47.3, lower than last month’s -44.5. In Europe, Trade Balance will be published and is expected to show a deficit of 1.9 billion. Note that this is a late figure, after Germany and France already published their figures. In the US, Existing Home Sales are expected to squeeze down to 4.45M (annually adjusted), after last month’s figure of 4.49M. Last week’s housing data was better than expected, maybe even hitting a bottom, so a better figure won’t be a big surprise. That’s it for today. Check out the Forex Weekly Outlook for seeing what’s next this week. And, here’s a great video about the credit crisis. Thanks to Eric deCarbonnel from Market Skeptics for pointing this out. The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. 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 Toxic Asset Plan – Toxic for the Dollar Yohay Elam 13 years The forex week starts with a rather relaxed day regarding economic indicators. Existing Home Sales will be the main event today. Jean-Claude Trichet is in Mexico, and will speak about the financial crisis and commodity prices. Will he have something to say about Ben Bernanke's huge dollar printing move? Will the ECB act on the Euro? In Japan, the BSI Manufacturing Index is expected to decline to -47.3, lower than last month's -44.5. In Europe, Trade Balance will be published and is expected to show a deficit of 1.9 billion. Note that this is a late figure, after… 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.
