Summary:
- Investors will be offered some data from Canada in the early afternoon
- Some central bankers to deliver speeches today
Economic calendar on Tuesday looks rather empty as just one noteworthy reading is scheduled for release. Namely, traders focused on pairs tied with the Canadian dollar should stay cautious in the afternoon as data from Canadian housing market may spur additional volatility. Apart from that, some central bankers’ speeches will be given during the day.
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Create account Try a demo Download mobile app Download mobile app1:15 pm BST - Canada, Housing Starts for September: Housing starts declined in the past two months. The reading for August showed just a 201k which was the second weakest print this year. Economists surveyed by Bloomberg point for an increase from the mentioned value to 210k signalling a rebound in data.
Central bank speakers scheduled for today:
- 9:45 am BST - Riksbank’s Ingves
- 1:00 pm BST - Fed’s Kaplan
- 2:30 pm BST - ECB’s de Galhau
- 3:35 pm BST - BOE’s Broadbent
- 6:00 pm BST - Fed’s Harker
The USDCAD has marched higher since the beginning of October. The pair is trading in the vicinity of 1.296 at press time. Source: xStation5
