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, Building Permits, measure the yearly new residential building permits that were issued on the last month; 0.87M is due now similar to the previous report. And similar is due on the Housing Starts with0.87M now from 0.89M on November.
Finally in the US, Crude Oil Inventories, weekly report to value the commercial crude oil barrels that are held in inventory, -0.9M is predicted now from 0.8M on the last week.
In Canada, Wholesale Sales, value the sales at the wholesale level for the last month, rise up to 0.4% is likely from -1.4% on November.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Information and Forschung (Ifo) Business Climate, Survey to rate the existing business conditions and prospects for the next 6 months, 101.9 points are due now from 101.4 on the last time.
Later in Europe, Current Account, in value the difference between imported and exported goods, services etc., rise up to 5.8B is due now from 0.8B on the previous time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the Bank of England (BOE) MPC’s latest recorded meeting that provides insights on the economic conditions and interest rates.
Later in Great Britain, Confederation of British Industry (CBI) Realized Sales, Monthly Survey to measure current sales volume for the wholesale companies, reduce down to 26 points from 33 points on the last time is likely now.
Read more about the Pound in the GBP/USD forecast.
In New Zealand, Gross Domestic Product (GDP), quarterly indicator to value all goods and services that were produced by the economy, 0.4% is predicted now from 0.6% on the last time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, All Industries Activity, value all the businesses goods and services, rise up to0.4% is calculated now from -0.3% on November.
Read more about the yen in the USD/JPY forecast.
For more events later in the week, check out the Live Forex Calendar
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