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    Hello Traders.  Hope all is well with you and your trades.  The staff at Forex Club would like to wish you a great trading week.  To help you nail each of your trades, we’d like to give you this breakdown of the high impact economic events occurring during the week of June 21st, 2009.

    There aren’t many high impact economic events occurring this week.  Monday and Friday have no high impact events, so if you have trade around the news, you’ll have a pretty open schedule to make trades.  On Tuesday, June 23rd, the USD will move due to Existing Home Sales released by the National Association of Realtors.  This news will be released at 14:00 (GMT).  The forecast for this event is 4.82M.  If the actual result is greater than the forecast, expect the USD to strengthen.  If the actual amount is less than the forecasted amount, expect the USD to weaken.

    Wednesday June 24th has quite a few high impact news events occurring.  The day will begin with the Confederation of British Industry’s Realized Sales.  This event will occur at 10:00 (GMT).  The forecasted amount for this event is -17.  Amounts above 0 indicate high sales volumes, while amounts below 0 indicate low sales volumes.  An actual amount greater than -17 should cause the GBP to strengthen.  At 12:30 (GMT), the Core Durable Goods Orders released by the Census Bureau will cause the USD to move.  The forecast for this event is -0.2%.  An actual amount greater than -0.2% will cause the USD to strengthen, while an amount lesser than -0.2% will cause the USD to weaken.  At 13:30 (GMT), the GBP will move due to the Inflation Report Hearings.  During these hearings, if the Bank of England’s Governor and the Monetary Policy Committee appear hawkish about the economic outlook of the GBP, expect the GBP to strengthen.  At 14:00 (GMT), the USD will move due to New Home Sales, released by the Census Bureau.  The forecast for this event is 360K.  If the actual amount is greater than 360K, expect the USD to strengthen.  If the actual amount is less than 360K, expect the USD to weaken.  At 14:45 (GMT), Bank of England’s Governor Mervyn King is due to give a speech.  Volatility with the GBP is often experienced during his speeches.  The Federal Open Market Committee will release its statement at 18:15 (GMT), affecting the USD.  If the statement appears hawkish about the economic outlook of the USD, expect the USD to strengthen.  Also occurring at this time is the Federal Funds Rate (also affecting the USD).  This report is released 8 times each year with a very high percentage of equal actual and forecasted amounts.  The forecasted amount for this event is <0.25%.  The final event occurring on Wednesday is Statistic New Zealand’s Current Account.  This event is occurring at 22:45 (GMT).  The forecast for this event is -1.26B.  If the actual amount is greater, expect the NZD to strengthen.  If the forecast is less than -1.26B, expect the NZD to weaken.

    The weekly Unemployment Claims will be released on Thursday June 25th at 12:30 (GMT).  This week’s forecast is 605K.  If the actual amount is less than this amount, expect the USD to strengthen.  If the actual amount is greater than this amount, expect the USD to weaken.  At 14:00 (GMT), Federal Reserve Chairman Ben Bernanke will testify on the acquisition of Merrill Lynch.  If this event is perceived to be more hawkish, expect the USD to strengthen.  If it’s perceived to be more dovish, expect the USD to weaken.  The final high impact economic event occurring this week will be on Thursday at 22:45 (GMT).  Statistics New Zealand will be releasing its Gross Domestic Product at this time.  The forecast for this event is -0.7%.  If the actual amount is greater than this forecasted amount, expect the NZD to strengthen.  If the actual amount is less than this forecasted amount, expect the NZD to weaken.   

    We hope you research each of the events listed above and use them to your advantage.  As always, Forex Club would like to wish you a healthy week filled with successful trades.