Economic calendar: US real estate data expected to be weak again 🔎

• US Real Estate Data
• Canadian CPI Data
• Central Bankers' Speeches

Today's macro calendar is quite engaging. In the first part of the day, we learned about the Bank of Japan's decision. The Japanese yen weakened following the decision and initial comments, with losses accelerating after BoJ Governor Ueda's press conference.

In the second half of the day, we will receive data from the US real estate market. Despite speculations about an economic recovery and no recession, the US real estate market remains weak. New data on building permits and the start of new home construction are expected to confirm this. Expectations for November's data are lower than the previous month. Subsequently, we will learn about a series of inflation data from Canada. The main CPI is expected to drop to 2.9% YoY from 3.1% YoY in October.

Detailed Macro Calendar:

• 1:30 PM GMT, Canada - November Inflation Data Package:

  • CPI headline: Expected 2.9% YoY; previously 3.1% YoY

• 1:30 PM GMT, USA - November Real Estate Market Data:

  • New Home Starts: Expected 1360k; previously 1372k
  • Building Permits: Expected 1465k; previously 1498k

Central Bankers' Speeches:

• 2:30 PM GMT - FOMC Member Barkin
• 5:30 PM GMT - FOMC Member Bostic
• 7:00 PM GMT - RBNZ Chairman Orr