US housing is on the docket next

Author: Adam Button | Category: News

US housing starts and Canadian manufacturing up next

USD/CAD is trading at a session low, down about 13 pips on the day to 1.2550. The data at the bottom of the hour probably won't spark a significant move but there's always a chance.

For the US, March housing starts are expected at 1267K which is an improvement from 1236K in February. The home market has hit a bit of a hiccup early in the year after a strong 2017.

The Canadian data due up is manufacturing sales for February. They're expected to rebound 0.8% after a 1.0% drop in January.

At 1315 GMT (9:15 am ET), the focus will shift back to the US with March industrial production but the main market mover will be Fed speakers. Justin had a great run-down of the five men who are on the agenda today.

For more, see the economic calendar.