Market Brief 11 September: Housing Starts from Canada


New week ahead. Monday starts with events coming out from Japan, the EU and Canada. Let’s see what those are.

Japan

JPY 05:30 a.m. GMT + 1, Tertiary Industry Acvitivty Index (MoM) – the index is a leadign indicator of economic health. It measures the change in the total value of services bought by businesses. Analyst expectations are for an increase at 0.1% compared to last period’s 0.0%. If the actual news reading is higher than expectations, this should boost the value of the Japanese yen even higher. If, on the other hand, the result is disappointing an worse than projections, this should be read as having a bearish impact on the currency.

European Union

EUR, 08:00 a.m. GMT +1, ECB’s Coeure Speaks – Benoit Coeure is a member of the Executive Board of the European Central Bank. Speeches from the member could give indications as to the future policy of the ECB.

Canada

CAD, 13:15 p.m. GMT + 1, Housing Starts (Aug) – the event reflects the number of residential homes that started construction during the month of August.Housing Starts is a leading indicator of strength in the Housing Sector. Projections for the month of August are showing consolidated decrease at 216.0K versus 222.3 K. If the actual reading is higher than the projected number, this should be read as a bullish sign for the Canadian dollar. On the other hand, if the readign is strikingly lower, this should be seen as having a negative impact on the currency.

 

Wishing you Happy and Successful Trading!

 

Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.

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