After a light Monday, the calendar becomes more crowded today. British inflation figures and American Existing Home Sales among other events. Let’s see what’s up for today: In Switzerland, SNB Governing Board Chairman Philipp Hildebrand will speak about the central bank’s monetary policy during the crisis. Referring to interest rates and possibly currency interventions will probably move the Swiss Franc. British inflation is expected ease this time: CPI is predicted to drop from 3.5% to 3.1% (annualized). This outcome will prove that Mervyn King’s dismissal of rising prices was correct, and that no rate hikes are necessary. Â Core CPI is expected to edge down to 3% and RPI (Retail Price Index), is expected to remain unchanged at 3.7%. And there’s more in Britain: CBI Realized Sales, Â a significant gauge of the economy as well, is expected to drop from 23 to 20 points, still a good score. For more on the British Pound, read the GBP/USD forecast. In Canada, the Leading Index usually moves the loonie. It’s expected to rise by 1%, similar to last month’s 0.9% rise. See more about the Canadian dollar in the USD/CAD forecast. In the US, Existing Home Sales are predicted to remain stable, with an insignificant drop from 5.05 to 5.01 million sales. This will shake the markets, whatever the outcome. A related figure, HPI (House Price Index), is expected to show a drop of 0.9%. In Europe, Belgium’s NBB Business Climate is predicted to improve from -7 to -4.1 points. Many analysts are expect the Euro to test lower levels this week. I’m with them. For more on the Euro, read the EUR/USD forecast, and Casey Stubbs’ latest analysis. In New Zealand, Current Account is expected to show a bigger deficit – 1.6 instead of 1.4 billion. This usually moves the kiwi. Â The day ends with the Japanese Trade Balance which will probably show a smaller surplus than last month. 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 Euro Breakdown, Healthcare Reform and USD/CAD parity – Video Yohay Elam 12 years After a light Monday, the calendar becomes more crowded today. British inflation figures and American Existing Home Sales among other events. Let's see what's up for today: In Switzerland, SNB Governing Board Chairman Philipp Hildebrand will speak about the central bank's monetary policy during the crisis. Referring to interest rates and possibly currency interventions will probably move the Swiss Franc. British inflation is expected ease this time: CPI is predicted to drop from 3.5% to 3.1% (annualized). This outcome will prove that Mervyn King's dismissal of rising prices was correct, and that no rate hikes are necessary. Â Core CPI is… 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.