Building Permits in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Consumer Price Index (CPI), value the price of various goods and services on the last month, due to drop down by 0.1% to 0.3%. Meanwhile the Core CPI is likely to stay 0.2% similar to September.
Later in the US, Building Permits shows the number of new uptown building permits that were issued on the last month, a drop of 0.2M is forecasted now down to 0.61M.
More in the US, Housing Starts, measures the number of new domestic buildings under construction on the last month; rise of 0.2M is forecasted up to 0.59M.
Also in the US, Crude Oil Inventories, measures the change in inventory crude oil barrels on the passing week, 1.3M is forecasted this time.
Finally in the US, Beige Book, evidence gathered by the 12 Federal Reserve Districts on the recent US economic state, to show the overall US economic growth.
In Canada, Leading Index, composite index built on 10 financial indicators is due to rise up to 0.2%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Current Account, the value between imported and exported goods, services etc, a rise from -12.9B on September to -7.3B this month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, full record of the BOE MPC’s latest meeting and affects the financial conditions as for where to fix the interest rates, 0-0-9 with no change from the last months is forecasted.
Read more about the Pound in the GBP/USD forecast.
In Australia, Dr. Malcolm Edey, Reserve Bank of Australia (RBA) Assistant Governor (Economics) is about to lecture in Sydney.
In Japan, All Industries Activity is due to reduce to -0.2% this time.
Read more about the yen in the USD/JPY forecast.
For more events later in the week, check out the Live Forex Calendar
Share
