The dollar retraced some of its losses yesterday. Today, the greenback awaits inflation figures which will probably not  convince  Bernanke to shorten the extended period of low interest rates. There are many more events around the world. Let’s review them: Australia’s MI Leading Index is expected to continue rising – this figure is based on good figures that have already been released. The Wage Price Index, a quarterly number, is predicted to rise by 0.7% this time, less than 0.8% last month. For more on the Aussie, read the Australian dollar forecast. After the European surprised with a big surplus, the Current Account, which consists of the trade balance and also services and cash flow, is also expected to be positive, and show a surplus of 0.6 billion euros. Also note a speech by Jean-Claude Trichet, the president of the ECB. For more on a Euro, that is trading in a range, see the EUR/USD forecast. In Britain, one day after the positive inflation figures, the MPC Meeting Minutes are released. We’ll get to see how the members voted on the surprising decision for a small expansion of the QE program. Later in Britain, CBI Industrial Order Expectations are expected to improve but remain negative – from -51 to -47. For more on cable, read the British Pound forecast. Canadian CPI is expected to rise by 0.2% after being unchanged last month. Core CPI, no less important, is predicted to remain unchanged. A rate hike isn’t expected soon in Canada. For more on the loonie, read the Canadian dollar forecast. 90 minutes after Canada, American CPI is released. The low interest rates and the weak dollar are said to push inflation, but this opinion isn’t popular. CPI is expected to rise by 0.2%, like last month, while Core CPI is expected to rise by 0.1%, half of last month’s rise. At the same time, 13:30 GMT, housing figures are due: Building Permits are predicted to edge up from 570K to 590K, and Housing Starts are predicted to rise from 590K to 610K. While more houses are built in America, the prices aren’t really rising yet. 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 Forex Daily Outlook – November 19th 2009 Yohay Elam 12 years The dollar retraced some of its losses yesterday. Today, the greenback awaits inflation figures which will probably not  convince  Bernanke to shorten the extended period of low interest rates. There are many more events around the world. Let's review them: Australia's MI Leading Index is expected to continue rising - this figure is based on good figures that have already been released. The Wage Price Index, a quarterly number, is predicted to rise by 0.7% this time, less than 0.8% last month. For more on the Aussie, read the Australian dollar forecast. After the European surprised with a big surplus,… 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.