What is it? It check the annualized number of new residential building permits issued during the previous month.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.

When? October 17th at 8:30am Eastern Time.

 

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Dollar Flat Against Yen

Core CPI (CAD)

Core Retail Sales

 

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What is it? It check the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

Usual Effect: If the number is higher than the forecast, you can expect the CAD to rise.

When? October 17th at 8:30am Eastern Time.

 

Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.

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Core Retail Sales

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Claimant Count Change

 

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After a strong sell off due to concerns over the global outlook, US stocks climbed slightly. Gains were seen after earnings season started with positive results.

Asian markets climbed across the region, while European markets are lower today as traders still digest weak data from Germany increasing fears that the euro zone could be reaching a recession.

Oil is still falling and has now reached its lowest price since 2012. Losses were caused after the IEA cut their forecast for global oil demand to a 5 year low.

Gold has started to decline once again. The stock market rebounded slightly and so the metals safe haven appeal is wearing off. The Dollar also made gains and Gold tends to trade inversely to the American currency.

 

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Other top stories:

4 Tips for Today's Trading

Core Retail Sales

Asia Stocks and Dollar Stabilize

 

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What is it? Draghi is due to speak at the grand opening of the European Cultural Days 2014 organized by the European Central Bank, in Frankfurt.

As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect: If the speech will hint towards higher interest rates, you can expect the EUR to rise.

When? October 15th at 2:00pm Eastern Time.

 

Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.

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Other top stories:

4 Tips for Today's Trading

Core Retail Sales

Asia Stocks and Dollar Stabilize

 

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