Busy day today at forex trading: European GDP, American CPI and TIC Long-Term Purchases are the highlights. But there’s lots more… At 6:00 GMT, German Prelim GDP is expected to plunge by 3% in the first quarter of 2009. Similar dives have been seen in other economies in the world, and Europe’s biggest economy isn’t different. 45 minutes later, also France will release its Prelim GDP. It’s expected to fall by 1.3%. European Flash GDP will be published only at 9:00 GMT (with Italian GDP), and is expected to fall by 2.1%. If there won’t be a big surprise here, German GDP will dominate the EUR/USD, since it’s the first figure that is released, and of the biggest economy. European CPI is predicted to rise by 0.6% (annually adjusted). Core CPI is predicted to rise by 1.6%. Deflation is a threat on Europe… Also notable in Europe: French Prelim Non-Farm Payrolls are expected to fall by 0.8%. In Switzerland, Retail Sales will draw lots of attention: they are expected to turn positive, and rise by 0.4%. The Swiss economy is stable. Canadian Manufacturing Sales are predicted to rise by 1.2%, after rising by 2.2% last time. American Consumer Price Index is expected to stay unchanged. Core CPi, which is closely examined by the Federal Reserve, is expected to rise by 0.1%. American prices seem too stable… TIC Long-Term Purchases, reflecting the flow of money, are expected to stand at 25B. This will also shake the markets. Also in the US, Capacity Utilization Rate is expected to show a squeeze to 68.9%. Industrial Production is expected to drop, but only by 0.5%. Last but not least: Prelim UoM Consumer Sentiment is expected to improve, and rise to 66.8 points. The University of Michigan’s Consumer Sentiment survey is highly regarded. Have a great weekend! 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 The Road To Recovery is Narrow Yohay Elam 13 years Busy day today at forex trading: European GDP, American CPI and TIC Long-Term Purchases are the highlights. But there's lots more... At 6:00 GMT, German Prelim GDP is expected to plunge by 3% in the first quarter of 2009. Similar dives have been seen in other economies in the world, and Europe's biggest economy isn't different. 45 minutes later, also France will release its Prelim GDP. It's expected to fall by 1.3%. European Flash GDP will be published only at 9:00 GMT (with Italian GDP), and is expected to fall by 2.1%. If there won't be a big surprise here,… 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.