mask All Quiet, for now ...

20/ 09/ 2016

All Quiet, for now ...

Daily update

Yesterday's markets

  • USA NAHB Housing Market Index

Yesterday's focus

Yesterday we saw a very quiet day of data, with limited releases. The only data worth mentioning was USA NAHB Housing market Index, this came positive which indicates US New House sales and Housing Market is gradually improving and it’s at stable state for this quarter.

Today’s Markets

  • AUD RBA Meeting Minutes

  • USD Building Permits

  • USD Housing Starts
  • BoC Gov Poloz Speech

Today’s Focus

Early on Tuesday, the minutes from the Australian Reserve Bank meeting are published. The new governor, Philip Lowe, has reaffirmed the central bank's official 2-3 per cent inflation target, saying now is not the time for radical monetary policy experimentation. A raft of US housing data will be released, including the readings for month on month Building Permits and Housing Starts. The figure should give us as insight into consumer activity. This is due to new home acquisitions being associated with a rise in sales of “big ticket” durable goods.

At the end of the day, the governor of Canada’s central bank, Poloz speaks. He is expected to highlight ongoing softness in exports despite a weak currency, which could suggest a downgrade to the bank’s economic growth, forecast at its rate announcement in October.