A very busy day expects forex traders today. In the US, the ADP Non-Farm Payrolls and GDP stand out. There are very important figures from all parts of the world. Let’s see what’s on the menu today: Australian Building Approvals disappointed and fell by 0.1% instead of rising. Also last month’s figure was revised downwards. On the other hand, Australian Retail Sales rose more than expected, fueling the Aussie’s drive. In it’s neighbor, New Zealand, the NBNZ Business Confidence rose neatly to 49.1 points (from 34.2). After Angela Merkel won the German elections, also on improving economic conditions, German Unemployment Change is expected to be on the rise again. This will significantly impact EUR/USD, which is looking for a direction. Also note the all-European CPI Flash Estimate which is expected to fall by 0.2%, but might surprise after Germany’s prices began picking up. ECB President Jean-Claude Trichet will be speaking later today. In Switzerland, the KOF Economic Barometer is expected to turn positive, giving another boost to the Swiss Franc, aiming for parity. ADP Non-Farm Employment Change is improving, like the NFP. This time it’s predicted to show a loss of 200K jobs, better than last month’s 298K loss. US Final GDP is expected to be revised downwards, showing a contraction of 1.2% in the second quarter rather than 1%. The third release of GDP will confirm a year long recession. Will it change in Q3 results? FOMC member Dennis Lockhart will speak today. After saying that the real unemployment rate is actually 16%, his words might move the markets. Also speaking today: FOMC members Donald Kohn and Daniel Tarullo. The Canadian economy returned to growth last month and rose by 0.1%. This trend is expected to continue, with a second month of growth, this time of 0.4%. Japanese Tankan Manufacturing Index will be released near midnight GMT, and will surely move the Yen. It’s expected to show another improvement, from -48 to -32. Note that the Tankan Manufacturing Index fell short of expectations in the previous months. Japanese Retail Sales are expected to stay in the negative zone, falling by 2.4% for a second month in a row. That’s it for a long day. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Daily Look share Read Next Support Line – Courtesy of the Bank Yohay Elam 12 years A very busy day expects forex traders today. In the US, the ADP Non-Farm Payrolls and GDP stand out. There are very important figures from all parts of the world. Let's see what's on the menu today: Australian Building Approvals disappointed and fell by 0.1% instead of rising. Also last month's figure was revised downwards. On the other hand, Australian Retail Sales rose more than expected, fueling the Aussie's drive. In it's neighbor, New Zealand, the NBNZ Business Confidence rose neatly to 49.1 points (from 34.2). After Angela Merkel won the German elections, also on improving economic conditions, German Unemployment… 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.
