Focus on BoC, US housing starts and the Fed's Beige Book - BBH

Research Team at BBH, suggests that the North American session features the Bank of Canada meeting, US housing starts and the Fed's Beige Book (ahead of the early November FOMC meeting). 

Key Quotes

“The Bank of Canada is not expected to change policy, but downward revisions in its economic forecasts and pushing further out when the output gap is projected to close will likely give a dovish cast to the stand-pat policy.  The market appears to be pricing in steady policy next year.  

Bloomberg's calculation puts the odds of a November Fed hike at 17.1% and December at 53.2%. Like our interpolation, the CME estimates the odds at 8.3% for November and 60% for December. Neither the housing starts nor the Beige Book will likely change this materially.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.