US Federal Reserve Chairman Ben Bernanke delivers a speech in Tokyo, US Core Durable Goods Orders are expected to drop while Durable Goods Orders are expected to rise and New Home Sales are expected to edge up this month. Let us see what awaits us today In the US, Federal Reserve Chairman Ben Bernanke delivers a speech titled “Central Bank Independence, Transparency and Accountability” at the Bank of Japan “Future of Central Banking under Globalization” conference, in Tokyo. Expected to affect interest rates and provide hints on future monetary policy. Later in the US, Core Durable Goods Orders is expected to drop from 3.5% in April to 0.5% while Durable Goods Orders which includes transportation items is expected to rise from -0.6% to 1.4% this month. More in the US, New Home Sales are expected to edge up this month by 9000 compared to 411K in April continuing the positive activity in the US housing market. Finally in the US, Crude Oil Inventories are expected a similar rise of 0.2 Million barrels this month In Europe, Belgium NBB Business Climate is foreseen an additional rise of 0.3 points from -2.4 in April after a continuous improvement however it still requires improvement. Also in Europe, French Consumer Spending is foreseen a drop of -0.5% comparing to last month increase of 1.2% means customers are spending less. Later in Europe, GfK German Consumer Climate is in for a slight drop from 3.8 points to 3.7 points. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Great Britain, Nationwide House Prices measuring the change in the selling price of homes with mortgages backed by Nationwide is about to drop from 1.0% to 0.5% which affects the housing industry. Read more about the Pound in the GBP/USD forecast. In Australia, Construction Work Done, released quarterly, measuring the change in the total inflation-adjusted value of construction projects completed is about to increase this quarter by 1.5% arriving to 4.1%. For more on the Aussie, read the AUD/USD forecast. In New Zealand, Trade Balance Is expected to drop this month by 112M NZD compared to 567M in April this could affect the market since New Zealand is greatly dependent on international trade. In Japan, Trade Balance shows an expected increase of 0.02T from last month 0.67T indicating lively market activity. 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. Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next Price Action Alert: This Trade Will Make You Hundreds Of Yohay Elam 13 years US Federal Reserve Chairman Ben Bernanke delivers a speech in Tokyo, US Core Durable Goods Orders are expected to drop while Durable Goods Orders are expected to rise and New Home Sales are expected to edge up this month. Let us see what awaits us today In the US, Federal Reserve Chairman Ben Bernanke delivers a speech titled "Central Bank Independence, Transparency and Accountability" at the Bank of Japan "Future of Central Banking under Globalization" conference, in Tokyo. Expected to affect interest rates and provide hints on future monetary policy. Later in the US, Core Durable Goods Orders is expected… 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.
