US Building Permits, BOC Monetary Policy Report and British Claimant Count Change are the highlight of today’s events. Here is an outlook on the major market movers ahead. In the US, Building Permits a reliable gauge of future construction activity dropped by 20,000 to 530,000 while analysts expected 570,000. A rise to 560,000 is expected now. Later in the US, Housing Starts climbed better than expected to 560,000 from 530,000 all in all signaling improvement in the housing market. In Canada, BOC Monetary Policy Report and Press Conference provide valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions. Valuable information will be given on future monetary policy. More in Canada, Manufacturing Sales a leading indicator of economic health edged up 1.7% in October after dropping 0.5% in the prior month. Further climb of 0.8% is predicted now. For more on USD/CAD, read the Canadian dollar forecast. In Europe, Current Account Deficit widened to 9.8B from 9.7B meaning more imported goods rather than exports and less currency demand. Deficit is expected to widen to 10.2B. For more on the Euro, read the EUR/USD forecast In Great Britain, Claimant Count Change the number of people claiming unemployment-related benefits dropped by 1200 in November following 5200 drop in the previous month. Analysts expected a 2900 drop. More in Great Britain, Average Earnings Index measuring change in the price businesses and the government pay for labor, including bonuses increased by 2.2% in October 0.1% more than in the prior month. The same increase of 2.2% is expected now. Later in Great Britain, External BOE MPC Member Adam Posen delivers a speech titled “Decoupling and Divergent Recoveries in Europe” at the Aston Centre for Europe, in Birmingham. Valuable information may be revealed on future monetary policy. Read more about the Pound in the GBP/USD forecast. In Australia, MI Inflation Expectations or Consumer Inflation Expectations released by the Melbourne Institute can have impact on real inflation rose2.8% in November following 3.1% in the month before. The same increase is likely to occur now. In New Zealand, CPI Inflation rose 1.1% in the last quarter better than forecasts of 1.0% increase. A further climb to 2.3% is expected. For more on the Aussie, read the AUD/USD forecast. In Japan, Tertiary Industry Activity measuring change in the total value of services purchased by businesses rose by 0.5% in October following 0.8% drop in the month before. Another rise of 0.6% is forecasted. That’s it for today. Happy forex trading! Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next The Long Trend for GB Yohay Elam 12 years US Building Permits, BOC Monetary Policy Report and British Claimant Count Change are the highlight of today's events. Here is an outlook on the major market movers ahead. In the US, Building Permits a reliable gauge of future construction activity dropped by 20,000 to 530,000 while analysts expected 570,000. A rise to 560,000 is expected now. Later in the US, Housing Starts climbed better than expected to 560,000 from 530,000 all in all signaling improvement in the housing market. In Canada, BOC Monetary Policy Report and Press Conference provide valuable insight into the bank's view of economic conditions and inflation… Regulated 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.