Canada Building Permits due at 8:30 AM. Bernanke to speak at 12:00 NYT.

Written December 7, 2009 at 7:38 AM EST by  

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The Canadian Building Permits for the month of October will be released at 8:30 AM. The expectation is for a gain of 1.0% vs a gain of 1.6% last month.   This would be be the 3rd consecutive monthly increase for the release.

Later at noon NYT, Fed Chairman Ben Bernanke will speak at the Economic Club of Washington. His comments, post the stronger than expected US Employment Report, will be of extreme interest to the market.   The market will be looking for any shift in Fed’s stance that the Fed will remain on hold for “an extended period of time” .

3 Responses to “Canada Building Permits due at 8:30 AM. Bernanke to speak at 12:00 NYT.”

  1. Ahmad Sujadi on December 7th, 2009 12:04 pm

    What is hit price for usd/chf next?

  2. Greg Michalowski on December 7th, 2009 12:50 pm

    USDCHF has turned bearish on the 5 minute chart below the 1.0183 level. There is support at the 1.0136 . A move back above the 1.0190 level muddies the water a bit.

  3. Abner on December 7th, 2009 6:37 pm

    I am sure usdchf will turn bulish soon very soon. Same as the USDJPY. By the way, I am happy that these pairs are moving down right. I want to nbe able to buy them at the bottom again.

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