The upcoming week will feature very thin trading due to the holiday of Christmas. Trading will become thinner as week unfolds. New Zealand Dollar in focus For those of you not on vacation, an interesting pair to watch this week will be the NZD/USD. A few major economic figures will be released this week in the land of the Kiwi:. The week begins early, Sunday 21:45 GMT, with a release of the  Current Account. It’s expected to drop by 6 billion compared to the previous quarter. Note that in the previous quarter, the figure always failed to reach expectations. Exactly 24 hours later, Forex traders will receive the GDP figure from New Zealand. Like in other Western countries, a retraction is expected – here at 0.5%. Recession is everywhere. Another figure to watch is the  Westpac Consumer Sentiment, due on Monday, at 13:00 GMT. This is a good barometer of the consumer sentiment in New Zealand. It will probably be below 100, showing pessimism. GBP, CAD and USD This week also presents a few interesting figures in other places. In the UK, the  Current Account is due on Monday, and will be closely watched by traders of the beaten pound. In Canada, the GDP will be announced on Christmas Eve, on Wednesday. Eager traders on the CAD will not go on holiday before this figure is released. Also in Canada, recession is around – the figure is due to fall 0.3%. And in the land of the greenback,  Existing Home Sales (4.90M expected)  and New Home Sales (417K expected) will be published on Tuesday. The real estate market, which is in the center of global crisis, will give it’s tone here.  And just before the holiday, this week’s  Unemployment Claims will come one day early – on Wednesday. They are expected to stay at around  550K. At the same time, 13:30 GMT, the  Core Durable Goods Orders m/m will be release, and will also be closely watched. Holiday On Christmas day and Boxing Day, most banks and traders around the world will be closed. Only in Japan, some data will be released, but hardly anyone will look at it. High volume isn’t expected… Merry Christmas! 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 Weekly Forex Forecasts share Read Next Forex Daily Analysis – December 22nd 2008 Yohay Elam 13 years The upcoming week will feature very thin trading due to the holiday of Christmas. Trading will become thinner as week unfolds. New Zealand Dollar in focus For those of you not on vacation, an interesting pair to watch this week will be the NZD/USD. A few major economic figures will be released this week in the land of the Kiwi:. The week begins early, Sunday 21:45 GMT, with a release of the  Current Account. It's expected to drop by 6 billion compared to the previous quarter. Note that in the previous quarter, the figure always failed to reach expectations. Exactly… 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.