This can easily be called “Super Tuesday”: rate decisions from Australia and Canada, Swiss GDP, House Prices from Britain, Pending Home Sales in America and Bernanke’s testament fill up a very promising day in forex trading. Australia supplies lots of data at the beginning of Tuesday. First Retail Sales are expected to turn negative, dropping by 0.5% after rising in the previous month. And the big news from down under is the new  Cash Rate: RBA is expected to slash the Australian interest rates to 3%, a 0.25% cut. When looking around, the Australian rate is very high, thus a deeper cut will not be a big surprise. The RBA will issue a Rate Statement. In the morning, the Swiss GDP will be released. It’s expected to fall by 0.9% after stagnating in the previous quarter. We might see here the impact of the trouble in Eastern Europe. Also Britain features a big release:  Halifax HPI is expected to fall by 2.3%. British real estate was overpriced, and falls month over month. Also the Construction PMI will be of interest to cable traders on Tuesday. Predictions are for a decline to 34.2. At 14:00 GMT, Canada will issue a new Overnight Rate, expected to fall to 0.5%, half of the current value. After we’ve seen the GDP fall by 1% in Canada, more than expected, a 0.5% cut looks imminent. The BOC will release an accompanying Rate Statement. An hour later, the focus will shift back south, as American Pending Home Sales will be released. Contrary to last month’s rise of 6.3%, a fall of 3% is expected. Americans are very careful with spending nowadays and tend to save, as seen in Monday’s spending and saving figures. At the same time, Federal Reserve Chairman Ben Bernanke will testify in front of the  Senate Budget Committee. At first, the prepared statement will be thrown to the public, and then, Bernanke’s answers to questions could cause some swings. If you’re into more talking, Jean Claude Trichet will speak later in the evening. Also in New Zealand,  RBNZ Governor Alan Bollard will be talking in parliament. That’s it for Super Tuesday. Bit don’t worry, Wednesday also promises action, in this wild forex week. 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 Forex Daily Outlook – March 4th 2009 Yohay Elam 13 years This can easily be called "Super Tuesday": rate decisions from Australia and Canada, Swiss GDP, House Prices from Britain, Pending Home Sales in America and Bernanke's testament fill up a very promising day in forex trading. Australia supplies lots of data at the beginning of Tuesday. First Retail Sales are expected to turn negative, dropping by 0.5% after rising in the previous month. And the big news from down under is the new  Cash Rate: RBA is expected to slash the Australian interest rates to 3%, a 0.25% cut. When looking around, the Australian rate is very high, thus a… 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.