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, the yearly number of new residential building permits that were issued over the previous month; 0.79M is likely now from 0.81M on August.
Later in the US, Existing Home Sales, the yearly residential buildings that were sold on the last month (not including new construction); 4.59M is due this month, rise of 4.47M on August.
More in the US, Housing Starts, the yearly outlook for buildings that began construction on the past month, rise of 0.3M is due up to 0.75M now.
Finally in the US, Crude Oil Inventories, the commercial barrels of crude oil that were held in inventory, no change is likely from the last week and 2.0M is calculated.
In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the Bank of England (BOE) MPC’s most recent meeting detailed record, providing in the financial conditions that influenced outcome of future votes.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, Survey to rate the relative 6 month monetary outlook for Switzerland, -33.3 points are due similar to the last Month.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Melbourne Institute (MI) Leading Index, composite index that is based on 9 financial indicators such as stock market prices, money supply etc., 0.5% is likely now similar to the previous month.
Later in Australia, Christopher Kent, Reserve Bank of Australia (RBA) Assistant Governor (Economic), is due to deliver a speech in Canberra.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Gross Domestic Product (GDP), broadest measure of economic activity to value all goods and services that were produced by the economy over the last quarter, 0.3% id estimated now from 1.1% on the last report.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Monetary Policy Statement, primary tools that the Bank of Japan (BOJ) uses to communicate with investors concerning financial policy and future rate decisions, follows by BOJ Press Conference. And on the Overnight Call Rate no change is likely from the previous reports and 0.10% is expected now.
Later in Japan, Trade Balance measures the difference between imported and exported goods on the reported month; -0.37T is expected this time from -0.33T on August.
Read more about the yen in the USD/JPY forecast.
Trade well
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