Some interesting highlights coming up today, in the US Federal Funds Rate and FOMC Statement are just some of the news, Monetary Policy Meeting Minutes in Australia and more. Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) that is Scheduled 8 times per year and it’s the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes; Later in the US, Building Permits an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building, has stabilized on 0.56 M and measures the Annualized number of new residential building permits issued during the previous month. More in the US, Federal Funds Rate the Interest rate at which banks lend balances held at the Federal Reserve to other banks overnight; Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future; Finally in the US, Housing Starts, Annualized number of new residential buildings that began construction during the previous month and While this is monthly data; it’s reported in an annualized format (monthly figure x12). This data is slightly overshadowed by Building Permits because they are tightly correlated and a permit must be issued before a house can begin construction. In Canada, Core Consumer Price Index (CPI), the price of goods and services purchased by consumers, excluding the 8 most volatile items increased by 3% and account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. While the Consumer Price Index (CPI), the price of goods and services purchased by consumers decreased by 5%. For more on USD/CAD, read the Canadian dollar forecast. In Great Britain, Public Sector Net Borrowing, a monthly data that measures the value difference between spending and income for public corporations, the central government, and local governments during the previous month; increased by 9 B indicates a budget deficit. Read more about the Pound in the GBP/USD forecast. In Switzerland, Trade Balance the value between imported and exported goods during the reported month, decreased by 1.08 B but still but still indicates that more goods were exported than imported, since Export demand and currency demand are directly linked In Australia, Monetary Policy Meeting Minutes, released 11 times per year, 2 weeks after the Cash Rate is announced and It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates; For more on the Aussie, read the AUD/USD forecast. In New Zealand, Current Account It’s directly linked to currency demand – a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country has decreased by 0.03 B and this is among the few non-seasonally adjusted numbers reported on the calendar, as it’s the data most commonly reported. That’s it for today. Happy forex trading! 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 Fireworks Will Probably Wait Till November – FOMC Preview Yohay Elam 12 years Some interesting highlights coming up today, in the US Federal Funds Rate and FOMC Statement are just some of the news, Monetary Policy Meeting Minutes in Australia and more. Let's see what awaits us today. In the US, Federal Open Market Committee (FOMC) that is Scheduled 8 times per year and it's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues… 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.