After Bernanke’s words and retails sales didn’t do much to the markets, today’s British CPI and American PPI stand out in quite a busy day. Let’s see what’s up for today: Australia’s Monetary Policy Meeting Minutes didn’t send a clear message about future rate hikes. AUD/USD remains in the same trading zone as yesterday – around 0.9350. For more on the Aussie, read the AUD/USD forecast. A video from a partner: In Switzerland, Retail Sales are expected to rise by 1.1% after falling by 1% last month. Later, SNB Governing Board Chairman Jean-Pierre Roth will be speaking. USD/CHF is now at 1.0080. British CPI is expected to rise by 1.4% (annualized). This will be higher than last month’s 1.1% rise, which touches the limit of the expected range: 1-3%. Core CPI is expected to rise by 1.7%, exactly like last month, and RPI (Retail Price Index) which shows the negative side of prices, is expected to fall once again, this time by 0.9% after a 1.4% drop last month. If CPI fails to meet the target, Mervyn King, governor of the Bank of England, will have to issue a letter explaining the reasons for this, and especially stating what things he intends to do. GBP/USD is now trading higher, at 1.6852. For more on the Pound, read the GBP/USD forecast. European Trade Balance is expected to turn negative, with a small deficit of 0.9 billion. EUR/USD is now at 1.4970. Casey Stubbs shows that EUR/USD is now officially in a range. For more on the Euro’s week, read the EUR/USD Forecast. In the US, PPI is predicted to rise by 0.6%, after a drop of the same scale last month. Only a big jump will move Bernanke out of the “extended period” of low rates. Core PPI is also expected to remain low, rising 0.1% after a 0.1% drop last month. Another major American release is TIC Long-Term Purchases, which shows the cash flow of dollars. It’s predicted to drop from 28.6 to 27.3 billion, and is expected to move the markets at 14:00 GMT. Later in the US, Capacity Utilization Rate is predicted to rise from 70.5% to 70.9%, and Industrial Production is expected to rise by 0.4%, less than last month. Towards the end of the day, a speech from RBA Assistant Governor Guy Debelle is due, and might move the Aussie. That’s it for today. Happy forex trading! 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 Pound Doesn’t Rise with Prices Yohay Elam 12 years After Bernanke's words and retails sales didn't do much to the markets, today's British CPI and American PPI stand out in quite a busy day. Let's see what's up for today: Australia's Monetary Policy Meeting Minutes didn't send a clear message about future rate hikes. AUD/USD remains in the same trading zone as yesterday - around 0.9350. For more on the Aussie, read the AUD/USD forecast. A video from a partner: In Switzerland, Retail Sales are expected to rise by 1.1% after falling by 1% last month. Later, SNB Governing Board Chairman Jean-Pierre Roth will be speaking. USD/CHF is now… 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.