What is it? It checks the change in the total value of new building permits issued.
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 higher than expected, you can expect the CAD to rise.
When? October 7th at 8:30am Eastern Time.
Trading Tip: If this goes on, the European markets might continue to drop. Pay notice to the situation in Germany to expect what will happen.
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Weak German Data Affects European Market
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