A busy day expects forex traders. The British budget release, American new durable goods orders and new home sales, New Zealand’s GDP and lots of European figures will rock the markets today. Let’s see what’s awaiting us: Flash purchasing managers’ indices pour in during the European morning. France starts with its manufacturing and services figures. Germany follows, and the data for the whole continent is then released. All the figures are expected to edge up slightly. This will promise a choppy morning for EUR/USD. And there’s more in Europe: German Ifo Business Climate continues the influx of European figures with an expected rise from 95.2 to 95.8 points. This highly regarded survey has been significantly better than other European indicators so far. A drop here will hurt the Euro. The last European indicator today is the Industrial New Orders which are expected to rise by 2% after a more modest rise last month – 0.8%. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Britain, the government will present make the Annual Budget Release. Alistair Darling, the British Chancellor of the Exchequer is expected to show a big budget – meaning a big deficit – hurting the British Pound. The presentation of the budget will take time – this includes presenting economic forecasts for the years to come. High volatility is expected. For more on the British Pound, check out the GBP/USD forecast. In the US, Durable Goods Orders are predicted to rise by 0.6% after a drop of 1% last time. Core Durable Goods Orders, which shot up by 2.6% last month, are expected to climb by 0.8%. Another important release is New Home Sales. After Existing Home Sales were in line with expectations, remaining almost unchanged, new sales are predicted to follow, ticking up from 309K o 318K. Later in the US, FOMC member Thomas Hoeing will make a public appearance. He’s the only member that voted to change the tone of the FOMC statement – make it more hawkish. Will he repeat this stance now? EUR/CHF is dropping, and the Swiss National Bank doesn’t like it at all. A member of the central bank, Thomas Jordan, will make a public appearance and might move the Swissy. Another speech is due in Canada – the governor of the BOC, Mark Carney, will talk in Ottawa and might send some hints about the bank’s monetary policy. Read more about the loonie in the Canadian dollar forecast. GDP in New Zealand is expected to follow its neighbor Australia with a rise of 0.8% in the fourth quarter. The economy grew by 0.2% in the third quarter. High volatility is expected in NZD/USD. 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 EUR/CHF at All Time Low – Massive Intervention Underway? Yohay Elam 12 years A busy day expects forex traders. The British budget release, American new durable goods orders and new home sales, New Zealand's GDP and lots of European figures will rock the markets today. Let's see what's awaiting us: Flash purchasing managers' indices pour in during the European morning. France starts with its manufacturing and services figures. Germany follows, and the data for the whole continent is then released. All the figures are expected to edge up slightly. This will promise a choppy morning for EUR/USD. 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