The Building Permits of the US will be Unveiled Today

Market analysts, investors and traders will be closely observing the release of the Building Permits of the US, which will be published by the Census Bureau today at 13:30 GMT. It is considered high-importance economic news coming from the housing sector of the market. Therefore, market participants who are related to the same sector and trading in the US dollar quotes are recommended to be vigilant during the release of the Building Permits. Top economists have anticipated it to be 1.334 M. When the indicator was revealed on 19th Jan 2023 at 13:30 GMT, it was found to be 1.330 M.

When there is a rise in the values of the indicator, it will be benefiting the dollar quotations. Furthermore, the Building Permits forecast the conditions of the real estate market in the medium future.

The US to Publish the Initial Jobless Claims

The announcement of the Initial Jobless Claims is related to the Labor sector of the market and the market participants who are trading in the American currency and related to the same sector are highly advised to keep track of the changes in the readings of the indicator. It is expected to be 190K by the financial experts and will be disclosed by the US Department of Labor today at 13:30 GMT. The present condition of the labour market could be assessed by the release of the indicator. If there is a drop in the Initial Jobless Claims, it will have a positive impact on the US dollar quotes.

PPI of the US to be Announced Today

Even though the release of the Producer Price Index (PPI) is deemed as medium importance economic news, market participants who are trading in the US dollar quotes are suggested to keep a note of the change in the reading of the indicator. It is said so as the currency will be positively affected when there is an increase in the indicator. It will be released by the Bureau of Labor Statistics today at 13:30 GMT and is anticipated by top economists as 0.1%. Meanwhile, when the PPI was published on 18th Jan 2023 at 13:30 GMT it stood at -0.5%.

The US to Disclose the Housing Starts

The Census Bureau will be announcing the Housing Starts today at 13:30 GMT. Its release is deemed as medium-importance economic news, yet it has to be noted as the indicator is associated with Building Permits in the US, which will also be released today. Housing Starts are forecasted to be 0.6% by the top economists. Market participants who are trading in US dollar quotes or related to the housing sector of the market are recommended to observe the values of the indicator, as it will be determining the short-term forecast of the construction sector.