The new week starts with American Personal Spending among other figures from all over the world. Will EUR/USD resume the downtrend? Let’s see what will move the markets today: Japan starts the day with Retail Sales. Thy’re predicted to rise by 1.7% (annualized), slower than last month’s 2.3% figure. On the other side of the day, Japan’s Household Spending will probably rise by 1.5% (annually), slower than 1.7% last time. Japan’s unemployment rate isn’t expected to move from 4.9% that was reported last month. The last release in Japan is somewhat more important – the preliminary industrial production figure. This is expected to dip by 0.4% after rising by 2.7% last time. In Germany, the different states will release the preliminary version of CPI during the day. Germany’s prices are expected to rise by 0.3%, less than last month’s 0.4% rise. Also in Europe, Consumer Confidence is expected to remain unchanged, at -17, exactly as last month. For more on the Euro, read the EUR/USD forecast, and Casey Stubbs’ latest analysis. In Britain, Net Lending to Individuals will probably ease to 1.8 billion after last month’s surprising rise to 2 billion. This figure usually moves the Poud. Later in Britain, MPC member Spencer Dale will make a public appearance and might give some hints on next week’s rate decision. For more on the Pound, read the GBP/USD forecast. In the US, Personal Spending is expected to rise by 0.4%, slightly slower than last month’s 0.5% rise. The personal income is predicted to rise by 0.1%, exactly like the previous month. Also in the US, Core PCE Price Index will probably edge up by 0.1%. Treasury Secretary Timothy Geithner in a conference in Washington and might say something about the economy. Another speech is due in Canada -BOC Senior Deputy Governor Paul Jenkins will speak in Toronto and might relate to USD/CAD parity, a subject that many Canadian officials like to refer to.Read more about the loonie in the Canadian dollar forecast. Near the end of the day, New Zealand’s Building Consents are released. After a drop of 2.8% last month, a small rise is predicted this time. This will probably push the kiwi higher. 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 Full Recovery for EUR/USD? Not So Fast Yohay Elam 12 years The new week starts with American Personal Spending among other figures from all over the world. Will EUR/USD resume the downtrend? Let's see what will move the markets today: Japan starts the day with Retail Sales. Thy're predicted to rise by 1.7% (annualized), slower than last month's 2.3% figure. On the other side of the day, Japan's Household Spending will probably rise by 1.5% (annually), slower than 1.7% last time. Japan's unemployment rate isn't expected to move from 4.9% that was reported last month. The last release in Japan is somewhat more important - the preliminary industrial production figure. This… 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.