Risk aversion continues to dominate the markets, and the US dollar enjoys it. Today’s highlights are Durable Goods Orders, New Home Sales and an interesting rate decision in New Zealand. Let’s see what’s on the menu today: Australian CPI rose by 1% in the previous quarter, exceeding expectations of a 0.9% rise. Trimmed Mean CPI (or Core CPI if you wish), rose by 0.8%, as expected. In speech in Sydney, RBA Assistant governor Malcolm Edey said that the worst of the crisis is behind us – nothing new. AUD/USD now trades at 0.9104, just above the 0.9090 resistance line. For more on the Aussie, read the AUD/USD Forecast. In New Zealand, the NBNZ Business Confidence fell from 49.1 to 48.2. This important indicator hurt the kiwi, that fell further more below 0.74. A rate decision awaits kiwi traders on the other side of the day. Alan Bollard’s RBNZ is officially expected to leave the interest rates unchanged at 2.5%. Following Australia’s rate hike, I wrote about the next country to raise the rates – New Zealand was the first bet. Also when looking at market movements last week, it sees that NZD/USD is expecting a rate hike. Today at 20:00 GMT, we’ll if Bollard indeed makes a move with the Official Cash Rate. Also note the accompanying RBNZ Rate Statement. Trade Balance closes the day in New Zealand. German Import Prices are due to drop by 0.7%. EUR/USD panicked yesterday on bad consumer confidence and fell below the support line. It’s still there. Throughout the day in Germany, Prelim CPI is released, and it’s expected to rise by 0.1%. For more on the Euro, read the EUR/USD Forecast. In the US, Durable Goods Orders are expected to recover from last month’s fall, and rise by 1.2%. Also Core Durable Goods Orders, no less important, are expected to rise by 0.6%. Will these figures disappoint like yesterday’s consumer confidence? Later in the US, New Home Sales are predicted to edge up from 429K to to 443K. Looking at the Existing Home Sales release from last week and house prices reported yesterday, there’s room for optimism regarding the American housing sector. In Canada, BOC’s Mark Carney will continue testifying before parliament, together with Paul Jenkins. After breaking the 1.0625 resistance line, it turned into a support line for USD/CAD. For more on the loonie, read the USD/CAD Forecast. 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 – October 29th 2009 Yohay Elam 13 years Risk aversion continues to dominate the markets, and the US dollar enjoys it. Today's highlights are Durable Goods Orders, New Home Sales and an interesting rate decision in New Zealand. Let's see what's on the menu today: Australian CPI rose by 1% in the previous quarter, exceeding expectations of a 0.9% rise. Trimmed Mean CPI (or Core CPI if you wish), rose by 0.8%, as expected. In speech in Sydney, RBA Assistant governor Malcolm Edey said that the worst of the crisis is behind us - nothing new. AUD/USD now trades at 0.9104, just above the 0.9090 resistance line. For… 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.